REGISTERED COMPANY NUMBER: 05895562 {EnglAnd and Wales) REGISTERED CHARITY NUMBER: 1121557 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 FOR SPARK2LIFE Leroy Reid & Co Chart¢r¢d Certified Accountants and Statutory Auditors 299 Northborough Road Norbury London SW16 4TR
SPARK2LIFE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Page Reference and administrative detail$ Report of the trustees Report of the independent auditors 8 to 11 Statement of financial actlvltles 12 Statement of finanelal posltlon 13 Statement of cash l]ow8 14 Notes to the slatement ofcash flows 15 Notes to the financial statements 16 to 24 Detalled slatement or rin8nclal actlvitie$ 25 to 26
SPARK2LIFE REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST MARCH 2025 TRUSTEES F A Andrew Ms. C Giscombe E T Gotora Ms M P Price COMPANY SECRETARY D O Brown REGISTERED OFFICE 2a Grange Road The Outset Centre London Walthamstow E17 8AH REGISTERED COMPANY NUMBER 05895562 (England and Wales) REGISTERED CHARITY IYUMBER 1121557 SENIOR ST ATUTORY AUDITOR Ebenezer Okai (Bsc), FCCA AUDITORS Leroy Reid & Co Chartered Certified Accountants and Statutory Auditors 299 Northborough Road Norbury London SW16 4TR Page I
SPARK2LIFE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 The trustees who are also directors of the charity for the puryoses of the Companies Act 2006, present their report with the financial statements of the charity for the year ¢nded 3 1st March 2025. The trustee5 have adopted the provisions of Accounting and Reporting by Charitie5: 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 l January 2019). OKIECTIVES ALYD ACTIVITIES Objectives and gim$ Spark2Life is an award-winning, Black-led charity committed to ensuring all children and young people live safer, happier, and more fvifilling lives. Spark2Life's services include therapeutic mentoring, casework, detached outr¢ach, counselling, employment support and community ¢ngagem¢nl. Our work is largely focused on ¢hildr¢n and young people aged 11-30 years, whose lives are decply affected by violence and Crime. Many are directly involved in offending or youth violence, andlor are at high risk of criminal exploitation or re-offending. This involvement sits alongside significant life challenges. often rooted in cxposure to trauma and Adverse Childhood Experiences (ACES), which leave them vulnerable to ham) and exploitation. A larg¢ proportion of the young people we support are from minority ethnic backgrounds (760/0 in 2024-25) with those from Black African-caribbean and dual heritage background5 significantly represented. Systemic inequalities shap¢ their lives, which often serve to limit their access to essential services such as rnentE41 health support, stable housing. and education. These inequities often compound th¢ir vulnerability to b¢ing 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 lo risky enviTonmcnts. They often present with misunderstood and sometime5 disruptive behaviour, manifesting as physical or verbal aggression, OT risk-taking tendencies that can be 5ymploms of trauma or unmet emotional needs. Undiagnosed or identified Special Educational Needs (SEN) or Educalional Health and Care Plans (EHCPS) arc also common, alongside academic struggles like truancy, poor attendance. and underachievcm¢nt. Our programmes dir¢ctly address these needs, providing trauma-infornied, culturally competent interventions that focus on reducing harni and preventinbi Te-off¢nding. Through mentoring, casework, and coun5elling> we help young pcople build resilience, break cycles of violencc, and move toward safer, more hopeful futures. Public benefit Spark2Life's work makes a positive difference in addrcssing 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 infornied life choices, diverting them away from pathways which will limit their possibilities in life as adults. We strengthen the support availablc 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 antl-social behaviour creates significant direct and indirect costs in financial and quality-of-life ternis and increases the burden on already stretched public services. The preventative work we deliver makes a tangiblc impact on reducing these costs in the short and long-tern]. Additionally. we engage directly with local and national policymakers to influence policie5 and practice5 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 2025 STRATEGIC REPORT Achievements And performance Charitable activities Spark2Life operates from a profound belief that every young person has potential and can overcome any challenges they face to thrive given the right support, guidance, and opportunities. Across London, Kent, and Buckinghamshire, our work reaches young people who are often at risk of exclusion, involvement in crime, or disengagemeni from education. Through our holistic mentoring programmes, we empower young people to build confidence, develop life skills, and make positive choices. Our programmes delivered during th¢ financial year wer¢ delivered across multiple settings.. Community-Based Therapeutic casework: Intensive one-to-one therapeutic support for young people facing Irauma. behavioural challenges, or social disadvanlage. Supporting a young person who may necd help with mental well-being. finance, ETE, housingj CJS and substance misuse. School Mcnloring: One-to-one and group programmes ihat address, behaviour, attitude and thinking. Aims to improv¢ w¢llb¢ing. r¢lationships, and school engag¢m¢nt. Assemblles and Workshops: Inspiring sessions that raise awarcness about social chall¢nges, promote positive choices, and spark ambition. Through this approach, Spark2Life does more than support individual young people-it strengthens families, schools, and ¢ommunilics. Impact and Reach During the year, SpaTk2Life engaged with over 2,600 young people.. 297 received one-towone therapeutic mentoring in the community 215 received one-to-one mentoring in schools 284 participated in group mentoring in schools 1,823 attended school assemblies The results speak for themselves.. 930/0 of young people did not reoffend following engagement with spark21.ife mentoring and support leams. This demonstrates not only the effectiveness of our interventions but also their role as a cost-effective alternative to statutory serviccs, crcating measurable social and financial valu¢ for society. Stories of Transformation Behind these figures are young pcople whose livcs have been fundamentally changed: A young person struggling with repeated offending was ablc, through one*to-one mentoring, to break the cycle of crime, improve school attendance, and begin lo engage positively in their community. Groups of young people supported in schools developed confidence, teamwork, and leadership skills, enabling them to pursue further education, apprenticeships, and meaningful employment. School assemblies inspired thousand5 of young people to reflect on their choices, bsting aspirations and reinforcing positive Social nornis. These individual stories, coupled with our rigorous evaluation framework. provide compelling evidence of our ability to transfonn lives and motivates us to continue this very important task which we have embarked on. Randomised Control Trial This year one of our Enhanced Prevention projects, Meaningful Mentoring, funded by the Youth Endowment Fund embarked on the pilot stage of a randomi5ed control trial that if successful will start the efficacy stage later in the year. This is our largest contract to date with funds of £2.7m until June 2027, it is equipping us to reach so many more young people who need our 5UPPOrt. Page 3
SPARK2LIFE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 The project itself is one-to-one mentoring of young people who are at risk of violence. We help young people reduce the likelihood of (re)offending, improve their relationship skills, and increase their engagement in education, training, and employment. The young people who receive the mentoring are identified by their schools, Youth Offending Services, or social services. The project is conducted as a Randomised Control Trial {RCT), this means all the young people who are referred to the project are randomly assigned to one of two groups: one receives mentoring, the other doesn't. The other receive business as usual, where the young people in this group will continue to receive the usual support already being offered. This method of evaluation is considered one of the best ways to deterniine what works (and what doesn't) by researchers and academics. Young people who receive the mentoring are provided with 12 months of enhanced one-to-one support from a specially trained caseworker or Mentor. Thc final evaluative report of this large RCT will be published year end of 2027. Megsuring Our Impact During this financial year, Spark2Life strengthened its evaluation practice by developing a comprehensive evaluation framework. This ensures we not only record activity but can demonstrate meaningful change. Our framework focu5e5 on three areas: l. Case Study Typologles: Understanding the diverse needs of young people and the specific ways mentoring sUPPOrt$ them. 2. Outcomes Meosurement: Tracking progress against eight key outcornes-otTendinb, ernployability, wcllbein relationships, agency> Cit17.en8hip, substance abuse, and independent living-allowing us to quantify improvement reliably and consisntly. 3. Voluc for Money Analysis: Demonstrating the cost-effectiveness of mentoring compared with statutory scrviccs, reinforcing our role as an economically eICIent solution lo social challenges. This structured approach allows Spark2Life to continually learn from practice, refine programmes, and provide funders with a robust evidence base demonstratingTr social return. staIng and Resourees Spark2Life's impact is driven by a higyhly skillcd and committed team: 36 staff members (full and part-time) based across London and Buckingham5hire sessional freelance workers supporting programme delivery All slaff are trained in the AQA Accredited Wholistic Mentoring Programrnc and hav¢ completed trauma- infornied training R¢cruitment include5 thorough assessment of qualifications, experience, and enhanc¢d DBS check5 to ensure the highest standards of safcguarding and service delivery. Llvlng Wage Aeeredltatlon: In 2025, Spark2Life becaTne an accredited Living Wage Employer, reaffirniing our commitment to valuing the people who drive our mission and promoting wcllbcing through fair pay. Governanee and Aetountability Spark2Life is committed to tran5parency good governance, and accountability, Our trustees oversee the organisation's strategic direction, ensuring that prograrnmes are effective, financially sustainable. and compliant with statutory requirements. We have also embarked on a programme of recruiting additional and new Trustees with the specific core skills to drive the organisation growth and development in the near future. We also continued to strengthen systems for monitoring perfOanCe, asse55ing risk, and measuring impact, ensuring that every decision is evidence-based and focused on delivering outcomes for young people. Preparing for the future Spark2Life is ambitious for the year ahead. We aim to.. Expand the reach of our programmes to more young people across London and the counties we serve Page 4
SPARK2LIFE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 Deepen the quality of mentoring and evaluation to ensure lasting impact Continue to build strong partnerships with schools, local authorities, and funders to maximise outcomes for young people Our commitment remains unwavering: to transforn) lives, reduce offending* and create futures. We exist to Prevent Hann and Promote Life. Financial revlew Financial position Total incoming resources for the twelve months under review was £1.460,470 (2024: £1,322,705) and expenditures for the year was £1,457,606 (2024: £1,284,620). A surplus for the year was of £2,864 (2024.. 38,085 and total reserves were £949,694 (2024: £946,830. Restricted reserves were £507,496 (2024: £565,734) and unrestricted reserves £442,198 (2024: 381,096). The Charity has implement¢d robust budgetary controls and continue to monitor costs in an effort to maintain its financial stability. Principal funding sources Supportcrs & Donors The Board of Trusiees express thcir 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 Forni 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 Mayorfs OlCe for Policing And Crime Ministy of Justic¢ Nexus Enfield Virtual School East Kent Area Youth Endowment Fund Impetus Power the Fight- MyEndz Keystone Fund Reserves polley 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 ofthe opinion that this provision would enabl¢ the Charity to continue and meet the working capital requirements based on the Councils, fee payment cycle. Page 5
SPARK2LIFE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 STRATEGIC REPORT Future plans We continue to develop the organisation through progress in implementing our three-year strategy (2025-2028) which sets out our roadmap for growth, influence, and sustainability. The strategy centres on three core aims.. l) empowering young people for sustainable futures through expanded mentorin& counsellingj and employment pathways. 2) contributing to safer and more resilient communities by equipping parents, professionals, and local leaders to support young people effectively. and 3) influencing policy and systemic change by amplifying youth voice, sharing evidence from our evaluation frameworK and shaping fairer systems. This plan creates the platforni for Spark2Life to deepen our impact. str¢ngthen partnerships, and build a sustainable future for our organisation and the communities we serve. We will continue to: Expand the reach ofour programm¢s to more young people across l.ondon and the Counties we serve De¢pen the qualily of mentoring and evaluation to ensur¢ lasting impact Continue to build slrong partnerships with schools, local authorities, and funders to maximise outcomes for young pcople Our commitment remains unwavering: to transfomi lives, reduce offending, and create futures. We exist to Prevent Harni and Promote l.ife. Safeguarding Spark2Life works with some of the most vulnerable young people and young adulis in the communities in which we operate. The highest priority is given to minimising the risk of harm through our engagemcnt with clients. preserving the confidentiality of the inforn]alion we receTrve about clicnts. and providing safe and secure systems of work for the benefil of our clients and our staff. Our engagement with the local authorities and schools we work with necessitates ongoing engagyemenl with the relcvant structures operating7 within specific institutions (e.8., school safeguarding leads) and at borough-wide level (e.g., Local Childrcn's Safcguarding Boards). A nominated safeguarding lead has been identified at staff team level and at Board level, and we havc invested in the necessary training for staff, Trustees, and volunteers. We keep our own policy framcwork under annual review to ensure that we keep abreast of best practice. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing doeument Spark2Life was established under a Memorandum of Association which establishes the objecls and powers of the Company and is governed under its Articles of Association. In overseeinb Spark2Life's day-lo-day activities, the trustees are satisfied that they have had regard to the guidance issued by Ihe Lharity Commission on public benefit. Recruitment and appointment of new trustees Spark2Life appoinls Truslees with the relevant skills and expcrience. 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 comrnunity relevantly. The Chair of the Board is appointed by the trustees to serve a three-year renewable terni. 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 Iraining events. Page 6
SPARK2LIFE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT 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 fmancial 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 trustce. 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 tsleeS (who are also the directors of Spark2Life for thc purposes of ¢ompany 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 Kin¥dom Generally Arc¢pted Accounting Practice) including Financial R¢porting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial slatemenls for cach financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and applicalion of resources. including the income and expenditure. of the charitable company For that period. In preparing those financial statements. the trustees are required to scl¢ct suitable accounting policies and then apply them consistently; observe the method5 and principles in the Charity SORP. make judgemcnts and estimates ihat are reasonable and prudent. stale whether applicable accounling slandards have been followed, subject to any material departurcs disclosed and explained in the financial statemenls. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitablc company will continue in business. The truslees are responsible for kecping proper accounting records which disclose with reasonable accuracy at any time the financial position of thc charitable company and to enable them to ensure ihat the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for laking reasonable stcps for the prevention and detcction of fraud and other irregularilies. In so far as the trustees are aware: there is no rclevant audit inforniation ofwhich the charitable company's auditors are unaware; and th¢ trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit infomiation and to establish ihat the auditors are awarc of thal inforn]ation. AUDITORS Thc auditors, Leroy Reid & Co, will be propos¢d for re-appointment at the forthcoming Annual General Meeting. Report of the trustees, incorwrating a Strategic report, approved by order of the board of trustees, as the ¢ompany directors, on ......1711212025............................ and signed on the board's behalf by: F A Andrew - 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 31 st March 2025 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 fmancial reporting framework that has been applied in their preparation is applicabl¢ 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,. In our opinion the financial slatements: give a true and fair view of th¢ state of the charitable company's affairs as at 31 st March 2025 and of its incoming resources and applicalion of resourccs, including it5 income and expenditure, for the year then ended. have b¢¢n properly prepared in accordance with United Kingdom Generally Acc¢pted Accounting Prdctice, including Financial Reporting Standard 102 'The Pinancial Reporting Standard applicable in the UK and Republic of Ireland,. and have been prepared in accordance with the requirements of the Companies Act 2006. 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 audii of thc 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 F.thical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we havc obtained is sufficicnt and appropriate to provide a basis for our opinion. Conclusions relating to going ¢on¢ern In auditing the financial statements. we have concluded that the trustees, use of the going conccrn basis of accounling in the preparation of the financial statemenls is appropriate. Based on the work we have perforn]ed, 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 abilily to conlinue as a going concern for a period of ai least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of ihc trustees with respect to going concern are dcscribed in the relcvant sections of this report, Other information The trustees arc responsible for the other infomalion. The other inforn]ation comprises ihe infomialioTJ included in the Annual report, other than thc financial statements and our Report of ihc independent auditors thereon, Our opinion on the financial stalements does not cover the other infonnation and, except to the extent otherwise explicitly stated in our report, we do not express any forni of assurance conclusion ther¢on. In connection with our audit of the financial statements, our re5pon5ibility is to read the other inforniation and, in doing so, consider whether the other inforniation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially mi5Stated. If we identify such material inconsistencies or apparcnl material misstatements, we are required to detern]ine whether this gives rise to a material misstatement in the financial staicments themselves. If, based on the work wc hav¢ pcrfornicd, w¢ concludc that there is a material misstatement of this other infom]ation, we arc rcquired to report that fact. We have nothing to report in this r¢gard. Opinions on other matters prescribed by the Companies Act 2006 In our oplnion, based on the work undertaken in the course of the audit: the infomiation given in the Report of the trustees for the financial year for which the financial statements are prepared is consistent with lh¢ financial statements. and the Report of the trustees has been Prepared in accordance with applicable legal requirements. 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 Tequires us to report to you if, in our opinion: adequate accounting records have noi been kept or returns adequate for our audit have not been received from branches not visited by u5. or the financial statements are not in agreement with the accounting records and returns. or certain disclosure5 of trustees, remuneration specified by law are not made. or we have not received all the infomiation and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of trustees, responsibilities, the trustee5 (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 detemiine is necessary to enable the pr¢paration of financial slaiements that are free from material misstatement, whether due to fraud or eOr. In preparing the fjnancial Statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concem, disclosing, as applicable, matters related to going roncem and using the goin¥ 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 ststements 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 auditor5 that includes our opinion. Reasonable assurance is a high level of a55urance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material mi5Statement 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 r¢sponsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting iffegularities, including fraud is detailed below: As part of an audit in accordance with ISAS (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also.. Identify and assess the risks of material misstatement of the financial slatement5, whether due to fraud or error, design and perforni audit procedures responsive to those risks, and obtain audit evidence that Is sufficient and appropriate to provide a basi5 for our opinion. The risk of not detecting a material misslatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrcpr¢senlations, or the ovcrride of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that arc appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of thc charitable company's internal control. Evaluate the appropriateness of accounting policies used and the reasonablcness of accountin¥ estimates and related disclosures made by the trustees, Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or condition5 that may cast 51binificant doubt on the charitable company's ability to continue as a going concern. If we conclude that a material uncertainty exisls, we are required to draw attention in our Report of the independent auditors to the related disclosures in the financial statements or, if such disc105ures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Report of the independent auditors. Elowever, fulure events or conditions may Cause the charitable company's to cease to continue as a goingi concern. Evaluate the overall presentation, structure and content of the financial statements. including the disclosures, and whether the financial statements represenl the underlying transactions and events in a manner that achieves fair pr¢sentation, We communicate with those chargyed with govcrnance regarding, among other Matters, the planned 5copc and timing of the audit and significant audit findings, including any significant deficiencies in intemal 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 w¢ 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 PUTPOSe. To the fullest extent perniitted 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 fomied. Ebenezer Okai (BSC), FCCA (Senior Statutory Auditor} for and on behalf of Leroy Reid & Co Chartered Certified Accountant5 and Statutory Auditors 299 Northbomugh Road Norbury London SW16 4TR Pagell
SPARK2LIFE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 2025 Total funds 2024 Total funds Unreslrieted Restricted funds fund Notes INCOME AND EIYDOWMENTS FROM Donations and legacies 208,209 1,250,866 1,459,075 1,321,603 Investment income 1,395 1,395 1,102 Total 209,604 1,250,866 1460 470 1322 705 EXPENDITURE ON Charitable activities Charitablc activities 148 502 1309,104 1457,606 1,284,620 NET INCOMEI(EXPENDITURE) 61,102 (58,238) 2,864 38,085 RECONCILIATION OF FUNDS Total ndS brought forward 381.096 565,734 946.830 908,745 TOTAL FUNDS CARRIED FORWARD 442 198 507 496 949 694 946 830 The notes forn part of these financial statements Page 12
SPARK2LIFE STATEMENT OF FINANCIAL POSITION 31ST MARCH 2025 2025 2024 Notes FIXED ASSETS Tangible assets 25,590 18,946 CURRENT ASSETS Debtors C&8h at bank 12 316,060 617 103 228,771 709,IX15 933,163 937,776 CREDITORS Amounls falling due within one year 13 (9,059) (9,892) NET CURRENT ASSETS 927.884 TOTAL ASSETS LESS CURRENT LIABILITIES 949,694 946,830 NET ASSETS 949 694 946 830 FUNDS Unrestricted funds: General fund Designated Fund 15 390,198 319,096 442 198 381096 Restricted funds: Restricted funds 507 496 565 734 TOTAL FUNDS 949 694 946 830 The financial statements were approved by the Board of Trustees and authorised for issue on .1711212025.......................... and were signed on its behalf by: F A Andrew - Trustee The notes forn) part of these financial statements Page 13
SPARK2LIFE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2025 2025 2024 Notes Cash flows from operating aetivities Cash generated from operations 69 084) 148,634 Net cash (used inyprovided by operating activities 69 084) 148,634 Cash flows from investing aetivitles Purchase of tangible fixed assets Sale ofitangible fixed assets Interest received (24,213) (8,071) 1,412 Net cash used in investing activities 22,818) Change In cash and cash equivalents in the reporting period Cash and cash equivxlents at the beginning of Ihe reporting perlod (91,902) 143,077 709 005 565 928 Cash and eash equivalents at the end of the reporting period 617 103 709 005 The notes forni part of these financial statements Page 14
SPARK2LIFE NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net income for the reporting period (as per the Statement of financial activities) Adjustments for: Depreciation charges Lossl(profit) on disposal of fixed assets Interest received (Increase)/decrease in debtors Decrease in creditors 2,864 38,085 16,719 850 (1,395) (87,289) 833 16,380 (2,824) (1,102) 119,564 Net eash (used In)Iprovided by operntions 69 084) 148.634 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Ca$h flow At 31.3.25 Net c8Jh Cash at bank 709 005 617 103 709 005 617 103 Total 709 005 617 103 The notes forni part of these financial statements Page 15
SPARK2LIFE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial statements of the charitable company, which is a public benefit entlty 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 l 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 ihc Statemenl of Financial Activities once the charity has entitlement to th¢ funds, it is probable that the income will be received and the amount can bc m¢asur¢d reliably. EXPENDITURE Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it 15 probable that a transfer of economic benefits will be r¢quir¢d in settlement and the amount of the obligation can be m¢asurcd reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregat¢ all cost relat¢d to the category. Wherc costs cannot be dire¢tly attributed to particular headings they have been allocated to activities on a basis conslstent with th¢ use of resources. GOVERNANCE COSTS Governance costs are costs associated with the strategic direction of th¢ 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 fixlures - 250/0 Straight line method Molor vehicles - 250/0 Straighi line method TAXATION The charity is cxempt from corporation tax on its charitable activities. FUND ACCOUNTING Unrestrlcted funds can be us¢d in accordance with the charitablc objectives at the discretion of th¢ tstee$. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions aris¢ wh¢n Specifi by the donor or when funds arc raised for particular restrirt¢d purposes. Further explanation of th¢ nature and purpose of each fund is included in the not¢s to the financial sLqtemcnts. PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS The charitable company operates a defined contribution pension scheme. Contribution5 payable to the charitable company's pension scheme are charged to the Statem¢nt 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 2025 DONATIONS AND LEGACIES 2025 Total funds 2024 Total funds Unrestricted funds Restricted funds Donations Contract and SLA fees Grants Youth worf( 16,024 157,185 35,0(K) 16,024 1,325,551 117,500 1,168,366 82,500 1,256,191 60,079 5,333 208 209 1250 866 1459.075 1321603 Grants rcc¢ived, included in the above, are as follows: 2025 2024 HMPPS - MOJ YEF Trusted Adult East End Community Foundation St James Street Big Local The Vintsr5' Company AVIARD Inspires CIC Keystone Fund 55.079 5,000 25,000 50,000 5,000 2,500 Il7500 INVESTMENT INCOME 2025 Total funds 2024 Total runds Unreglrieted funds Restricted funds Deposit account interest CHARITABLE ACTIVITIES COSTS Direct Costs (see note S) Support ¢05ts (see note 6) Totals Charitable activities 1198 286 259 320 1457,606 Page 17 continued...
SPARK2LIFE NOTES TO THE FINANCIAL STATEMENTS - eonlinued FOR THE YEAR ENDED 31ST MARCH 2025 DIRECT COSTS OF CHARITABLE ACTIVITIES 2025 2024 Staff costs Volunteers and support cost Hospitality and welfare Charitable donations Travel, subsistence and accommodation Training Rental cost Project partnership Sundries Client services expcnses Evaluation cost Fundraising cost 974,282 79,548 3,211 10,504 22,383 17,474 36,564 3,113 647 14,525 34,644 884,890 57,565 10,362 924 26,347 19,024 23,177 118,678 380 4,252 1 198 286 1,145 599 SUPPORT COSTS Governance COSts Management Totals Charitable activities 115569 143 751 259 320 Support costs, included in the above, are as follows.. 2025 Charitable activities 2024 Total activities 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 Trustees expenses 8,946 13,110 1,061 12,539 28,724 13,462 8,721 11,338 99 16,719 850 6,120 136,660 971 6,070 13,524 265 2,527 ,248 2,065 3,744 19,076 80 16,380 (1.412) 6,200 62,254 259,320 139021 Page 18 continued...
SPARK2LIFE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED31ST MARCH 2025 NET INCOME/{EXPENDITURE) Net incomel(expenditure) is slated after chargingl(crediting): 2025 2024 Audit fees Depreciation - owned assels (Deficitysurplus on disposal of fixed assets 6,120 16,719 850 6.200 16,380 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or oth¢r benefits for th¢ year ended 31 st March 2025 nor for the year ended 31 st Mar¢h 2024. TRUSTEES, EXPENSES There were no trustees, expenses paid for the year ended 31st March2025 nor for the year ended 3 1st March 2024. STAFF COSTS 2025 2024 Wages and salaries Social security costs Other pension costs 860,412 100,298 801,297 69,715 974 282 The average monthly number of employees during the year was as follows: 2025 36 2024 29 employees The number of employees whose employec benefits (excluding employer pension costs) exceeded £60,000 was: 2025 2024 £70,001- £80,000 Page 19 continued...
SPARK2LIFE NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31ST MARCH 2025 io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES UnrestrictedRestrieted funds rund Totvdl funds INCOME AND ENDOWMENTS FROM Donations and legacies 206,345 1,115,258 1,321,603 Jnvestment income 1.102 Totsl 207,447 1115258 1322 705 EXPENDITURE ON Charitable activities Charitable activities 171351 1,113,269 1,284 620 NET INCOME 36,096 1.989 38,085 RECONCILIATION OF FUNDS Total funds brought forward 345.000 563,745 908,745 TOTAL FUNDS CARRIED FORWARD 381.096 565 734 946 830 TANGIBLE FIXED ASSETS Fixtures and rittings Motor vehicles Totals COST At 1st April 2024 Additions Disposals 74,572 24,213 6,628 81,200 24,213 38 537) At 31 st March 2025 DEPRECIATION At I st April 2024 Charge for year Eliminated on disposal 55,626 16,719 31059) 6,628 62,254 16,719 37 687) At 3 1st March 2025 NET BOOK VALUE At 31 st March 2025 At 31 st March 2024 18,946 Page 20 continued...
SPARK2LIFE NOTES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31ST MARCH 2025 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other debtors Prepayments 309,773 6,287 228,771 316060 228 771 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Accruals and deferred in¢ome A¢cru¢d expenses 1,013 6,120 1,926 2,112 5,800 1,980 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2025 Total funds 2024 Tolal funds UnrestrictedRestricted fund5 fund Fixed assets Current 85sets Current liabilities 25,590 425,667 25,590 933,163 18,946 937,776 507,496 442 198 507 496 949 694 946 830 15. MOVEMEIYT IN FUNDS Net movement in funds Al 31.3.25 At 1.4.24 Unrestrieted fundj General fund D¢signat¢d Fund 319,096 71,102 10 000) 390,198 381,096 61,102 442,198 Restricted funds Reslricted funds 565,734 (58,238) 507,496 TOTAL FUNDS 946 830 949 694 Page21 continued...
SPARK2LIFE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2025 15. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund Designated Fund 209,604 (138,502) 10.000) 71,102 i 0,000) 209,604 (148,502) 61,102 Restricted funds Restricted ndS 1250,866 (1,309,104) (58,238) TOTAL FUNDS 1.460,470 1,457 606) Comparatives for rnovemenl In funds Net movement In funds Transferg between funds At 31.3.24 At 1.4.23 Unrestricted fund8 General fund Designated Fund 345,000 36,096 (62.000) 319,096 345,000 36,096 381,096 Restricted funds Restricted funds 563,745 1,989 565,734 TOTAL FUNDS 908 745 946 830 Comparative net movement in funds, included in the above are as follows: Incoming resourees Resourtes expended Movement In funds Unrestrl¢t¢d funds General fund 207,447 {171,351) 36,096 Re$tri¢led funds Restricted funds 1,115,258 {1,113,269) 1,989 TOTAL FUNDS 1.322,705 1,284,620) Page 22 continued.-.
SPARK2LIFE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2025 15. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds Transfers between funds At 31.3.25 At 1.4.23 Unrestricted funds General fund Designated Fund 345,000 107,198 10.000) (62,000) 62.000 390,198 52,000 345,000 97,198 442,198 Restricted funds Restricted funds 563,745 (56,249) 507,496 TOTAL FUNDS 908 745 949 694 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resourees Resources expended Movement In funds Unre8tricled funds General fund Dcsignated Fund 417.051 (309,853) 10 000) 107,198 i 0,000) 417,051 (319,853) 97,198 Restricted funds Restricted funds 2,366,124 (2,422,373) (56,249) TOTAL FUNDS 2.783 175 2,742 226) Restricted fund balance comprises of the following funders: Funder 2025 2024 Bu¢kinghamshire Council - YOS Childview MyF.nd7 2.0 WF Community Mentoring Barking & Dagenham YLF - Detached P4C New Deal for Young People (NDYP) New Deal for Young People (NDYP) Scale Up Barking & Dagenham EGYV Barking & Dagenham HLM YOS WF Detached L4 WF Parent Champion Newham Transition to adulthood Lewisham YOS 16.250 16,250 10,000 25,000 37,500 18.750 25,582 63,750 59,575 118,500 9,513 9,513 20,000 7,813 63,750 25,555 59.250 39,500 9,513 9,513 13,333 19,167 Page 23 continued,..
SPARK2LIFE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 15. MOVEMENT IN FUNDS - contlDued YLF Trusted Adults Advocacy Stop and Search HMPPS - MOJ Power The Fight Redbridge YOS St James Big Local Others 149,736 7.,789 30,559 1,200 16,011 40,000 2,500 55,079 £507 496 £565 734 16. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 3 Isl March 2025. 17. DESICNATED FUNDS The trustees have decided to designate funds (note 15) to support the following charities: Name of charity Greenleaf Trust HMP Feltham Chaplaincy 50,000 Page 24
SPARK2LIFE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 2025 Total funds 2024 Total funds Unrestricted funds Restricted funds INCOME AND ENDOWMENTS Donations and legacies Donations Contract and SLA fees Grants Youth work 16,024 157,185 35,000 16,024 ,325,551 117,500 ,168,366 82.500 1,256,191 60,079 5,333 208,209 1,250,866 1,459,075 1,321,603 Investment ineome Deposit account interest 1,395 1.395 Total Ineomlng resources 209,604 1,250,866 1,460,470 1,322,705 EXPENDITURE Charitable actlvltic$ Wages Social security Pension5 Volunteers and support cost Hospitality and welfare Charitable donations "rravel, subsistence and accommodation Training Rental cost Project partnership Sundries Client services expenses Eivaluation cost Fundraising cost 860,412 100,298 13,572 79,548 860,412 100,298 13,572 79,548 3,211 10,504 22,383 17,474 36,564 3,113 647 14.525 34,644 391 801,297 69.715 13.878 57.565 10,362 924 26,347 19,024 23,177 118,678 380 4,252 3,211 10,504 1,665 20,718 17,474 36,564 3.113 126 521 14,525 27,251 7,393 59,068 1.139,218 1,198,286 1,145,599 Support costs Management Insurance Telephone Printing,postage and stationery Advertising Office and administrative expenses Repairs, maintenance and cleaning Licence and subscription Computer and IT expenses caled forward 8,946 ,946 13,110 1,061 12,539 28,724 13,462 8.721 11.338 97,901 6,070 13,524 265 2,527 8,248 2,065 3,744 19,076 55,519 13,110 1.061 12,539 13,004 7,376 8,721 11,338 62,985 15,720 6,086 34,916 This page does not fonn part of the statutory financial statements Page 25
SPARK2LIFE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 2025 Total funds 2024 Total funds Unrestricted funds Restrieted funds Management Brought forward Bank charges Depr¢ciation of tangible and heritage assets Loss on sale of tangible fixed assets 62,985 99 16,719 850 34,916 97,901 99 16,719 850 55,519 80 16,380 80,653 34,916 115,569 70,567 Governante tosts Auditors, r¢muneration Legal and professional fees Trustees expenses 6,120 1,690 971 6,120 136,660 971 6,200 62,254 134,970 134 970 143 751 Total resources expended 148 502 1309 104 1457 606 1284 620 Net Income 58 238) This page does not forn) part of the statutory financial statements Page 26