2023-03-31-accounts - Youth Careers Collective

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			Page
Reference and Administrative Details
Report ofthe Trustees		2	to	5
Independent Examiner's	Report
Statement of Financial Activities
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow	Statement		10
Notes to the Financial Statements		11	to	21

TRUSTEES		William Tyler	(Chair)	(Chair)
		Christopher	Paterson
		David Scott
		Kate Vintiner
		Joseph Skelton
		Margaret Tse
		Sadia Rahman
		Kelvin Zhang
COMPANY SECRETARY &		Matthew Lent
CHIEF EXECUTIVE
COMPANY TRADING NAME		Sparkl
REGISTERED OFFICE		GSK House,	Rm D2-48
		980Great West Road
		Brentford
		Middlesex
		TWS 9GS
REGISTERED	COMPANY	07409565 (England			and Wales)
NUMBER
REGISTERED	CHARITY	1138697
NUMBER
INDEPENDENT	EXAMINER	Knox Cropper		LLP
		Chartered Accountants
		Office Suite	1
		Haslemere	House
		Lower Street
		Haslemere
		Surrey
		GU27 2PE

						2023	2022
				Unrestricted	Restricted	Total	Total
			Notes	fund 5	funds F	funds 5	funds f
INCOME AND ENDOWMENTS Donations and legacies		FROM	2	25,000	29,250	54,250	67,775
Charitable activities Employability & Enterprise Work Experience	Skills		3	62,663 ~19 299	286,597 ~119 240	339,260 I 138539	223,633 43,022
Total				96,962	~435 087	~532 049	~334 430
EXPENDITURE ON Raising funds			4	30,860	28,124	68,984	30,351
Charitable activities Employability & Enterprise Work Experience	Skills		5	37,137 ~12 886	284,999 121964	322,136 ~134 849	130,704 170,021
Total				~80 882	435,087	~516969	~331 076
NET INCOME				16,080		16,080	3,354
RECONCILIATION OF FUNDS Total funds brought forward				160,359	48,750	209,109	205,755
TOTAL FUNDS CARRIED FORWARD				~176 439	48,750	~226 189	~209 109

		2023	2022
	Notes	6
FIXEDASSETS Tangible assets	12	3,388	1,498
CURRENT ASSETS Debtors Cash at bank	13	103,115 ~205 756	72,601 ~155 472
		308,870	228,073
CREDITORS Amounts falling due within one year	14	(87,069)	(20,462)
NET CURRENT ASSETS		~221 801	~207 611
TOTAL ASSETS LESSCURRENT LIABILITIES		225 189	209 109
NET ASSE'TS		~225 189	~209 109
FUNDS Unrestricted funds Restricted funds	16	176,439 48,750	160,359 48750
TOTAL FUNDS		~225 189	~209 109

			2023	2022
	Notes		6	E
Cash flows from operating activities Cash generated from operations Interest paid		1	52,814	(30,521) ~785)
Net cash provided by/(used	in) operating	activities	~52 814	~31 306)
Cash flows from investing activities Purchase of tangible fixed assets			~2531)
Net cash (used in)/provided	by investing	activities	~2531)
Change in cash and cash In the reporting period	equivalents		50,283	(31,306)
Cash and cash equivalents beginning ofthe reporting	at the period		~165 472	~186 778
Cash and cash equivalents ofthe reporting period	at the end		~205 755	~155 472

RECONCILIATION	OF NET	INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
					2023		2022
					6		E
Net income for the reporting Financial Activities)			period (as per the Statement	of	16,080		3,354
Adjustments for: Depreciation charges Interest paid Increase in debtors					641 (30,614)		1,431 785 (22,468)
Increase/(decrease)	in creditors				~66	607	~13623
Net cash provided	by/(used	In) operations			~52	814	~30 521)
ANALYSIS OF CHANGES		IN	NET FUNDS
				At 1.4.22	Cash	flow	At 31.3.23
				F	6		E
Net cash
Cash at bank				~155 472	~50	283	~206 755
				~155 472	~50	283	205,755
Total				~166 472	~50	283	~205 756

DONATIONS ANDLEGA	I	ES
					2023	2022
						6
Donations Grants					~54 250	25 ~67 750
					~54 250	67,775
Grants received, included	in	the above, are	as follows:
					2023	2022
					F	F
Garfield Weston Foundation CAF					26,000 ~29 250	~67 750
					~54 260	~67 750
INCOME FROM CHARITABLE ACTIVITIES					2023	2022
		Activity			6	F
Schools Employability and Enterprise Skills Schools work experience Grants Corporate memberships		Employability Employability Employability Employability	& Enterprise & Enterprise & Enterprise & Enterprise	Skills Skills Skills Skills	120,963 75,301 131,496 11,500	75,306 20,210 118,117 10,000
Schools Employability and Enterprise Skills Schools work experience Corporate memberships		Work Experience Work Experience Work Experience			114,240 19,239 ~5060	36,605 6,417
					~477 799	~266655

	INCOME FROM CHARITABLE ACTIVITIES - continued	INCOME FROM CHARITABLE ACTIVITIES - continued
	Grants received, Included In the above, are as follows:			2023	2022
				F
	Heathrow Community Fund London Borough of Hounslow Inspire Hounslow			1,500 26,003 20,000	13,987 10,000
	Ealing and Hounslow Community Voluntary service South Western Railway Notting Hill Genesis HA GlaxoSmlthKline Jacobs Engineering Segro UK Ajar Technology Hounslow Heath Golf Centre IS G/Sky Peabody Community Foundations			15,000 5,033 56,450 3,000 ~4500	7,600 9,875 10,000 4,975 45,760 2,000 6,000 7,920
				~131 496	118,117
4.	RAISING FUNDS
	Raising donations and legacies			2023 E	2022 f
	Staff costs Sundries			58,984	29,496 70
				~58 984	~29 566
5.	CHARITABLE ACTIVITIES	COSTS	Direct	Support
			Costs (see	costs (see
			note 6)	note 7)	Totals
			E	F	E
	Employability & Enterprise Work Experience	Skills	267,224 ~125 258	54,912 9591	322,136 ~134 849
			~392 482	~64 503	~456 985

DIRECTCOS	TSOFCHARITABLE ACTIVITIES
		2023	2022
		f	6
Staff costs Sundries Core services Sparkl Annual Travelling	costs Awards	372,799 6,271 791 11,075 ~2546	244,316 2,762 350 3,217 948
		~392 482	~251 593

SUPPORT COSTS
			Governance
		Management	costs	Totals
		F	E
Employability & Enterprise Work Experience	Skills	53,112 ~9591	1,800	54,912 9,591
		~62 703	~1800	~64 603
Support costs, Included in	the above, are as follows:		2023	2022
	Employability & Enterprise	Work	Total	Total
	Skills f	Experience 6	activities f	activities 8
Accountancy Insurance IT support Telephone Postage and stationery Legal, professional & HR Recruitment & training Subsistence & entertaining IT support Bank charges &sundries	4,704 7,213 5,722 829 677 24,259 5,082 3,612 36 338	1,452 5,165 70 1,958 946	4,704 8,665 10,887 899 677 24,259 7,040 4,558 36 338	8,378 6,972 16,068 1,173 463 6,911 5,482 315 138
Depreciation oftangible and heritage assets Independent examination 640 ~1800			640 ~1800	1,432 ~1800
	~54 912	9,591	~64 503	~49 132

		2023	2022
Wages Social Other	and salaries security costs pension costs	395,020 29,779 ~6984	246,798 20,785 6,229
		~431 783	273,812

The avera	g the year was as follows:
	2023	2022
Raising Funds Charitable Activities	2 11	1 7
	13

			2023	2022
F60,001	-	670,000		1
570,001	-	F80,000

11.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL	COMPARATIVES FOR THE STATEMENT OF FINANCIAL	COMPARATIVES FOR THE STATEMENT OF FINANCIAL	COMPARATIVES FOR THE STATEMENT OF FINANCIAL	ACTIVITIES Unrestricted	Restricted	Total
					fund	funds	funds
						6	F
	INCOME AND ENDOWMENTS Donations and legacies			FROM	25	67,750	67,775
	Charitable activities Employability & Enterprise Work Experience		Skills		119,383 ~43 022	104,250	223,633 43,022
	Total				~162430	172,000	~334430
	EXPENDITURE ON Raising funds				30,351		30,351
	Charitable activities Employability 8 Enterprise Work Experience		Skills		69,266 108,208	61,438 ~61 813	130,704 170,021
	Total				207,825	123,251	~331 076
	NET INCOMEI(EXPENDITURE)				(45,395)	48,749	3,354
	RECONCILIATION Total funds brought	OF FUNDS forward			205,755		205,755
	TOTAL FUNDS CARRIED FORWARD				~160 360	~48 749	~209 109
12,	TANGIBLE FIXED	ASSETS					Computer
							equipment
							F
	COST At 1 April 2022						19,001 ~2531
	Additions
	At 31 March 2023						~21 632
	DEPRECIATION At 1 April 2022						17,503 641
	Charge for year
	At 31 March 2023						18,144
	NET BOOK VALUE At 31 March 2023						~3388
	At 31 March 2022						~1498

13.	DEBTORS: AMOUNTS	DEBTORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR		2023	2022
						f
	Trade debtors				98,034	68,429
	Other debtors Prepayments and accrued		income		12 ~5069	124 ~4048
					~103 115	~72 601
14,	CREDITORS:	AMOUNTS	FALLING DUE WITHIN ONE YEAR		2023 f	2022
	Trade creditors Social security and other taxes Accruals and deferred income				7,409 15,947 ~63713	6,768 6,468 7 226
					~87 069	~20 462
15.	ANALYSIS OF NET ASSETS BETWEEN FUNDS				2023	2022
			Unrestricted	Restricted	Total	Total
			fund E	funds F	funds f	funds
	Fixed assets Current assets Current liabilities		3,388 243,168 ~70 107)	65,712 ~16,962)	3,388 308,870 ~87069)	1,498 228,073 ~20 462)
			~176439	~48 750	~225 189	209,109
16.	MOVEMENT	IN FUNDS
					Net
					movement	At
				At 1.4.22	In funds	31.3.23
				F	F	6
	Unrestricted General fund	funds		160,359	16,080	176,439
	Restricted funds CAF			48,750		48,750
	TOTAL FUNDS			~209 109	~16 080	~225 189

Net movement in funds, includ	s follows:
	Incoming	Resources	Movement
	resources	expended	in funds
	F	F	8
Unrestricted funds General fund	96,961	(80,881)	16,080
Restricted funds Inspire Hounslow London Borough of Hounslow Heathrow Community Fund GlaxoSmithKline West London Zone	20,000 26,003 1,500 10,000 9,390	(20,000) (26,003) (1,500) (10,000) (9,390)
Ealing and Hounslow Community Voluntary Service Jacobs Engineering Segro UK CAF Ajar Technology Notting Hill Genesis Cisco SYNC (Young Hammersmith and Fulham	15,101 5,033 56,460 29,249 3,000 13,500 11,500 80,640	(15,101) (5,033) (66,460) (29,249) (3,000) (13,500) (11,600) (80,640)
Foundation Consortium) Drapers Flourishing Futures Peabody Community Foundation John Lyons Ealing ELS West London College West London Business	14,106 28,226 4,500 48,000 24,999 30,000 ~3881	(14,106) (28,226) (4,500) (48,000) (24,999) (30,000) ~3881)
	~435 088	~436 088)
TOTAL FUNDS	~532 049	~515969)	~16 080

Compara	tlves	for movement In funds
				Net
				movement	At
			At 1.4.21	in funds	31.3.22
			E	E	E
Unrestricted General fund		funds	205,755	(45,396)	160,359
Restricted funds CAF				48,750	48,750
TOTAL	FUNDS		~205 755	3,354	~209 109

Comparative net move	m	the above are as follows:
		Incoming	Resources	Movement
		resources 2	expended f	in funds 6
Unrestricted funds General fund		162,430	(207,826)	(45,396)
Restricted funds Inspire Hounslow NGHA Ealing and Hounslow	Community	10,000 10,120 7,600	(10,000) (10,120) (7,600)
Voluntary service South Western Railway - Connect Jacobs Engineering Segro UK CAF Ajar Technology Hounslow Heath Golf Centre ISG/Sky		9,875 4,975 45,760 67,750 2,000 6,000 ~7920	(9,875) (4,975) (45,760) (19,000) (2,000) (6,000) ~7,920)	48,750
		~172 000	~123250	48,750
TOTAL FUNDS		~334 430	~331,076)	3,354