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2024-03-31-accounts

Registered number: 07984016 Charity number: 1148420

Spark Inside

(A company limited by guarantee)

Trustees' report and financial statements for the year ended 31 March 2024

Spark Inside

(A company limited by guarantee)

Contents

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 14
Independent auditor's report on the financial statements 15 - 18
Statement of financial activities 19
Balance sheet 20
Statement of cash flows 21
Notes to the financial statements 22 - 40

Spark Inside

(A company limited by guarantee)

Reference and administrative details of the Charity, its Trustees and advisers for the year ended 31 March 2024

Trustees R D Ferguson
M Case
H MacLellan, Vice Chair
S Davin
J Lyseight, Treasurer
E Handling, Chair
S Drysdale
P Heardman (resigned 12 February 2024)
S Ruddock (resigned 25 April 2023)
Company registered
number
07984016
Charity registered
number
1148420
Registered office
Unit 386
Salisbury House
London Wall
London
EC2M 5SQ
Chief executive officer
Vicki Cardwell
Independent auditor
Kreston Reeves LLP
Chartered Accountants
Statutory Auditor
Plus X Innovation Hub
Lewes Road
Brighton
East Sussex
BN2 4GL
Bankers
CAF Bank Ltd
West Malling
Kent
ME19 4JQ
Solicitors
Arnold & Porter LLP
Tower 42
25 Old Broad Street
London
EC2N 1HQ

Page 1

Spark In81de (A ¢omp•ny Ilmlted by guarantee) Tru$teg$' report for the year ended 31 March 2024 The trustees present Iheif Annual report together with the audited financial stslemenls of the Company for the year 1 Aprll 2023 10 31 March 2024. The Annual report serves the purposes of both a trustees, report and a directors. report under company law. The trustees confirm that the Annual report and financial Ststemenls of the charitsble company comply with the cuffent statutory requirements, the requiremenls of the charitable company's govemir¢g dcKumenl and the provisions ol the Statement of Recommended Practice ISORPI applicable to charits'es preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 loffeclive 1 January 20191. Since the charity qualifies 85 small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. A Mossage from our Board Chalr l am proud lo report that for another year running, Spark Inside has ￿ached more young people in prison than ever before. This year we coached over 240 young people, and we reached an important milestone of coaching rn0￿ than 100 prison staff. The prison environment continues to be a challenge-. overerowding. low stsff morale and increasing levels of violence are well documented across the estate. Despite this, the popularity of our programmes wth young people and the commitment and passion of our team have meant we can reach young peorAe in greater numbers and even see waiting lists tor our programmes. Young people who have completed coaching are often our greatest ambassadors on the wingsl A highlight this year was the report by the Universty of Lincoln demonstrating the impact of Pftson staff coaching on staff wellbeing, confidence, skills and relenlion. We are 8190 pleased lo see that coaching staff improves their interaction5 with people living in prison and their colleagues, contributing to a more rehabilitative cutture. We are very proud that HMPPS has lecognised the unique value and potential of Black Hero's Joumey through an Innovation Fund grant so we can further pilot this Pfograrnme. Next year. we will build on our progress and put even greater emphasis on coaching through-th&gate. We want to make surg wg are coaching as many young poople as w8 Can al this critical lime. My sincere thanks to the brilliant Spark Inside team, our amazing coaches, bjnders and donors and everyone working and living in prison who make what we do possible. We ab501ulely could not do this without you. Erlca Handllng Chalf, Board of TfU8tees 20LI*

Sparll Inside IA company Ilmlted by guarantee} Truslees, report {contlnued) for the yoar ondgd 31 March 2024 A Me**age Irom our CEO Real worfd impact for our participants is what makes us tickl So, l am very proud this year that an incredible 98% of young people we ¢oa¢hed reported making progress in their lives. This is lestsment to their commitment combined wrth the skn'll and passion of our team. Taking just one area of progress- Hopes and Dreams - we know from the robust evidence base that hope 18 a p(Iwerful force for change. Wrth hope, change is p)ssible. We are proud to help young people see and commrt to a lulure that excites them. Another key area - Work and Education a brilliant 75Vo of young people made progress, giving them the Opportunity lo move away from crime into Pfoductive and J>osilive fvture3. Our work is needed. As the Prisons Inspectorate says regarding young adults in custody "rf action is not taken, outcomes for this group and society will remain w)or for the next decade and beyond. IHMIP, 20211. We take this seriously. For this reason, l am proud lo report that this year we powered up our coaching. reaching over 240 young people and over 40 prÉ50n stsff acfOSS 6 prisons. The team grew, and we brought on board a second Ambassador, Sophie Ruddock, who joins Kenny Imafidon lo champion our work. This has been Ouf busiesl year to datel Through the well-reported challenges of working in prisons, we remain true to our values. One quote that slicks with me that emt#)dies our approach, is." -Psyehology is not just the study of pathology, weakness, and damage," il is also the study of $lrength and virbJe. Treatment is not jijsl fixing what is broken., ft is nurturing what is besL' Iseligman, 20001 This approach is working. Every £1 invested in the Hero's Joumey generates at least £5.94 worth of benefits to society. Thank you from me lo everyone who has supported Spark Inside on ourjourney. Vi¢ki Cardwell Chlof Exocutlve Offlcor

Spark Inside (A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Vision

The futures of people affected by the criminal justice system are determined by their potential, not their past.

Mission

We use coaching to unlock the potential of individuals and drive culture change in the criminal justice system so that rehabilitation is possible.

Objectives and activities

Spark Inside runs coaching programmes in prisons and the community primarily across London and the SouthEast. Our programmes unlock the potential of those living and working in prison, encourage rehabilitation, change prison culture, and contribute towards a reduction in reoffending. We are one of the first organisations to offer young people in prison the support of highly qualified, expert life coaches and give them access to the same calibre of coaching made available in the corporate world.

In addition to the one-to-one coaching support we offer, every Hero’s Journey™ programme starts with group work that encourages young people to open up and be vulnerable in front of each other in a way that would be extremely difficult outside of the Hero’s Journey™ setting. This work allows young people to consider the positive qualities they have to draw on and enhances their belief in their ability to make change.

Hero’s Journey™ can continue from prison and ‘through-the-gate’ into the community. We can also deliver this programme and one-to-one coaching to young people in the community who have been in contact with the criminal justice system.

Black Hero’s Journey™ is our tailored life coaching programme, co-designed with young Black men with lived experience, that addresses the specific experiences of young Black men in the prison system, who are overrepresented.

Prison staff coaching supports frontline staff and leaders to manage and improve their own wellbeing, confidence and skills and capabilities. This in turn will help improve the quality of support they can offer people in their care and contribute to the creation of a coaching culture in prison.

The Conversation® is our systems coaching programme for large groups of prison staff and prisoners, to enhance their relationships, improve empathy, and support sustained, positive cultural change on prison wings.

In addition to our coaching programmes, a core part of our work is ensuring that the voices of young people in contact with the criminal justice system are listened to, and that they help to shape our strategy, coaching programmes and campaigns.

We also remain committed to working with parliamentarians and government officials to influence criminal justice policy and shift the perception of people in prison, platforming their voices and highlighting their unlocked potential.

Our main activities and who we provide support to are described in detail below. All our charitable activities focus on the encouragement of rehabilitation and contribution towards a reduction in reoffending through the running of coaching programmes in prisons, and now also in the community.

The trustees confirm that they have had due regard to Charity Commission guidance on public benefit in setting the Charity’s objectives and activities.

Page 4

Spark Inside (A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Achievements and performance

Individual change

Using coaching to unlock the potential of individuals

Hero’s Journey™

Hero’s Journey™ is our award-winning life coaching programme for young people in contact with the criminal justice system. The programme consists of group workshops in prison, where our life coaches support young people to identify what they want in life and how they can achieve their goals.

In 2023/24 we delivered over 74 workshops across 6 prisons, supporting young people to embark on their Hero’s Journey™.

After the workshops, young people can choose to receive one-to-one life coaching sessions that start in prison and continue on release.

We are proud to have coached 240 young people this year!

We measure the impact of our coaching with young people using the Youth Outcome Star, a recognised industry tool, where young people assess their progress against a number of metrics including interests and activities, hopes and dreams, health and wellbeing, education and work, communicating, choices and behaviour.

We were delighted that this year 98% of young people reported making progress in at least one area, 88% reported making progress in at least two areas and 82% reported making progress in three areas.

Specific impact reported by young people:

“Hero’s Journey™ benefits us because it opens our minds and our souls, it makes you a better person. It’s about giving yourself a chance and you going to this course will make you think” - Young man in custody

We know that every £1 invested in the Hero’s Journey™ generates at least £5.94 of benefits, for criminal justice agencies, health services, victims and employers.

Page 5

Spark Inside

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Achievements and performance (continued)

Black Hero’s Journey™

In 2023/24 we completed our successful Black Hero’s Journey™ pilot at HMP Isis. We were also commissioned to deliver the programme in HMP Wormwood Scrubs.

Towards the end of the year, we were delighted to win a highly competitive HMPPS Innovation Grant to further pilot Black Hero’s Journey™ at HMP Brixton and HMP YOI Feltham with a focus on through-the-gate. Our bid scored 30/30 for programme quality.

We have got started. Here is what one young man had to say about the programme:

“It’s about realising our own potential as a young Black man in today’s world, truly identifying our qualities, and how to overcome barriers, regardless of today’s challenges or our current and past situation” - Young participant on Black Hero’s Journey™

We look forward to publishing our evaluation next year.

Page 6

Spark Inside (A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Achievements and performance (continued)

Institutional change

Changing prison culture so that rehabilitation is possible

Prison Staff Coaching

This year, the University of Lincoln published its evaluation of Spark Inside's prison staff coaching programme. The independent report was a fantastic endorsement of the quality and impact of this work. The coaching was demonstrated to: develop skills and abilities; increase confidence; improve wellbeing; improve communication and have a positive impact on retention.

Prison staff told the evaluators:

“I just knew that this was going to be a life changing experience . . . there was somebody that I could trust with what I was saying. . . it was completely transformational.”

We were also pleased to see the ripple impact on prison culture.

“I line manage six individuals, and I do find myself talking very differently in catch ups with them. I try and get them to tell me what's going on, as opposed to me telling them. I guess I am unconsciously using some of this coaching stuff”

We were also heartened to hear how coaching can impact on young people in their care:

"I'm able to ask questions differently... and I think I'm quite liked by the boys, they feel they can talk to me, and I like it, it's good for me . . . I can ask how do you actually feel? Then they soon open up, and they tell you the truth . . . They all like to talk to me, it's given me a lot of confidence how to deal with people."

In 2023/24 we coached 44 prison staff through 143 one-to-one coaching sessions.

Page 7

Spark Inside

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Achievements and performance (continued)

The Conversation®

This year we assembled our coaching team and got started on redesigning The Conversation® programme. The programme will bring groups of prison staff and prisoners together to:

In addition to workshops, the new programme will include engagement and training before the workshops, and be more embedded to create long term culture change. We look forward to piloting this in HMP High Down next year.

Systemic change

Driving culture change in the criminal justice system so that rehabilitation is possible

Being Well Being Equal

This year we continued to highlight issues and solutions from our Being Well Being Equal Report. Our campaign calling for the prioritisation of the wellbeing needs of young men, particularly Black men in prison, was our first major step in influencing policy in order to create a system that truly supports young people to build a brighter future.

Building on momentum, we hosted an event in collaboration with the HMPPS Race Action Programme in September 2023. We were delighted to present to 50 attendees including prison governors and Diversity and Equality Leads, speaking alongside Alana Ajani, Director of the Race Action Programme, Lisa Short, the then HMPPS Young Adults Team Lead, and the Zahid Mubarek Trust.

At the event we premiered a brand new film – an interview with Donell, a young man who began his coaching journey with Spark Inside in custody aged 15. Donell shared his own experience of mental health and wellbeing support as a young Black man in custody, and what he felt could be improved in order to meet the needs of other young Black men in prison.

To prison staff, Donell gave the following advice: “Stop trying to use your system to punish. The young people have been sentenced already. You’re in there to rehabilitate and support [young people] in their time and while they go through their journey.”

Donell talked about the impact that coaching had on him: “That helped me to see my spark inside. And not just want to do better, it made me realise I need to do better because there’s so many people that value me, that care for me… It just allowed me to feel like there’s a network around me to support me, to love me, to care for me, to try and empower me to do better.”

We had the opportunity to show the film at the following: HMPPS Race Action Programme Conference; Transition to Adulthood Alliance meeting; HMPPS Young Adults Board meeting; and at the Central and NorthWest London (CNWL) NHS Foundation Trust conference on ‘Addressing Health Inequalities in Secure Settings’.

The CNWL event’s Chair, Dr Sarah Allen, Lead Psychologist for Health and Justice Services, fed back to us:

“We so appreciated your perspective, and it was brilliant for our staff to get an insight into your work and your organisation. I am sure it will also be helpful in future initiatives and work together.”

We look forward to working alongside the new HMPPS Young Adults Team, to embed the findings of our report and turn our recommendations into practical guidance and operational change.

Page 8

Spark Inside (A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Achievements and performance (continued)

Empowering young people to have their voices heard

This year we continued to build on our Champions Group and In-Prison Advisory Boards – two initiatives that empower young people with lived experience of imprisonment to have their voices heard, to shape and influence our work and to speak truth to power.

Champions

Our Champions Group consists of 4 young people, who have spent time in prison and who have been coached by Spark Inside. The Champions meet regularly for socials and for group discussions facilitated by our Participation and Engagement Manager to shape Spark Inside’s work.

In 2023/24 we’ve focused on providing opportunities for members to develop in the areas that matter to them, and offered them the chance to take part in Spark Inside projects that excite them.

We were pleased to fund one Champion to complete an accredited coaching course, which they successfully passed meaning they are now a qualified life coach. We involved another Champion in our Black Hero’s Journey™ evaluation, supporting him to conduct focus groups with participants in prison to gather their insights on the programme. We have collaborated with one Champion to create a new Spark Inside film about why coaching is particularly powerful for young people, in order to promote coaching to more young people in prison and the community. This exciting collaboration has seen this talented Champion create and record a spoken word piece and work with a designer to create accompanying graphics that represent his words and journey. We look forward to premiering this in 2024/25.

We also continue to provide speaking opportunities to those Champions who are passionate about sharing their experience. We were delighted to have a Champion speak, alongside his coach, about their journey together at our Big Give Christmas reception, at the Central and North West London NHS Foundation Trust conference, as well as speaking to an audience at law firm Kingsley Napley.

In-Prison Advisory Boards

In 2023/24 we began our first In Prison Advisory Board in HMP Brixton. Our model involves recruiting a small group (typically 2-4) of young people in prison as Spark Inside Ambassadors. We equip them with the skills, tools and confidence to survey and interview their peers on the wings, on a topic that relates to Spark Inside’s work, in this case, ‘What through the gate support should Spark Inside offer and is there anything in particular we should consider when working with young Black men through the gate’. The findings will help to ensure we’re offering the best possible support to young Black men leaving prison.

The insights we have gathered so far have been incredibly valuable, including the below from one young person:

“The idea of a mentor or coach is brilliant especially if they work alongside your probation worker and all are aligned with you trying to get into work or education. I am terrified of being recalled for any slightest thing. I have zero plans of reoffending and would like to do education whilst also making a legit living.”

Championing coaching in the justice system

We continued to make the case for coaching as a transformational tool in the criminal justice system. We champion young people as a group who face specific challenges and have distinct needs, but who also possess unique strengths and have the greatest potential for positive change.

This year, 11,500 people followed us on our social media platforms or used our website. We saw a 100% increase in engagement on our LinkedIn page. The Times featured our fantastic Coach Alex Kergall on the parallels between coaching CEOs and young people in prison with Spark Inside.

Page 9

Spark Inside

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Financial review

a. Financial review

The statement of financial activities is shown on page 19. The surplus for the year was £80,740 (2023: £39,804) and net assets amounted to £936,096 (2023: £855,356) at the year end.

This year we delivered coaching across six prisons, with our Hero’s Journey™ coaching programmes being well received and demand increasing. We also maintained some community coaching, both online and face-to-face. We continued our new programme of prison staff coaching, encouraging institutional change and we continued to advocate for coaching and culture change within the criminal justice sector.

To grow our service capabilities, we expanded our front-line, prison based, staff team and invested funds in evaluating our impact and developing new programmes. With careful management, we kept other overhead costs broadly unchanged.

The growth in activity this year was primarily funded through an expansion of our commissioned charitable services. We doubled our commissioned income allowing us to provide much needed coaching services to young people in prison and the community.

The committed support from our funders and staff, together with sound financial management, enabled the charity to generate a positive financial outcome with a modest surplus for the year. This will be reinvested in our activities planned for 2024/25.

b. Principal funding sources

Spark Inside is primarily grant-funded, and this income stream has remained stable. We have attracted several new funders this year and continue to receive grants from our generous funders, many of whom support us with multi-year grants, providing stability and enabling us to plan ahead for the future.

Details of funders providing restricted grants can be found in note 5 to the financial statement. They fund some wonderful projects, and their support is much appreciated. We are also very grateful to those funders and donors who give unrestricted grants and donations, supporting our whole organisation, allowing us flexibility, security and enabling us to deliver on our mission.

Our commissioned income has grown again this year as planned. We were delighted to start a significant new contract with Central and North West London NHS Foundation Trust to coach young men in HMP High Down and HMP Coldingley.

c. Reserves

Our policy is to hold reserves on the unrestricted general fund equivalent to between four to eight months of operating expenditure (based on budgeted expenditure for the following year), aiming to maintain our reserves to ensure future financial stability. Our reserves policy recognises that our coaching programmes are a long-term commitment to young people, usually lasting six to nine months.

Any reserves on restricted funds are set aside to fund the specific project or programmes for which the funds were granted. It is common for income to be received in one year, yet for programme expenditure to straddle several years. Reserves for restricted funds therefore represent monies for programmes that are currently ongoing or due to start. In the unlikely event that at the end of the programme a surplus exists we will contact the donor to confirm whether funds should be returned or whether they can be re-designated.

Unrestricted funds amounted to £670,352 (2023, £523,158) at the year end, representing 6 months’ worth of budgeted operating expenditure.

Restricted funds amounted to £265,744 (2023, £332,198) at the year end.

Page 10

Spark Inside

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

d. Going concern

The Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

Structure, governance and management

a. Constitution

Spark Inside is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 24/02/2012.

The company is constituted under a Memorandum of Association dated 24/02/2012 and is a registered charity number 1148420.

b. Methods of appointment or election of Trustees

Board members are appointed by majority vote for three-year terms. Trustees may serve on the Board for two consecutive terms or following discussion and approval by the Board for an additional term of up to three years. In exceptional circumstances, following discussion and approval by the Board and subject to disclosure of the rationale for the extension of term in the charity’s Annual report, such additional terms as the Board determines are appropriate.

c. Organisational structure and decision-making policies

In March 2024 Spark Inside had seven trustees. During the year, there were three Board Committees operating: the Finance and Risk Committee, the Philanthropy Board and the Coaching Committee. We established the Coaching Committee to support Spark Inside with recommendations and advice on coaching quality and continued this Committee during this financial year.

Spark Inside has a delegation of authority policy in place which outlines how the charity makes decisions. The policy covers decision making in all areas of the charity, clarifying which decisions are reserved to the Board and the Chief Executive, and which decisions, if any, are delegated further. In addition, the charity has a Finance Policy which sets out limits and conditions to the Chief Executive and senior staff being authorised to commit the charity to incur expenditure within the approved annual budget plan.

Spark Inside’s trustees have a fiduciary responsibility for Spark Inside and provide strategic oversight and direction. Trustees are volunteers and receive no remuneration or financial benefits. They convene every three months for Board meetings and annually for strategy away days. Trustees are recruited through a range of methods including online advertising on trustee recruitment websites. All trustee roles are advertised, and subject to a competitive process.

The Chair receives an annual appraisal, conducted by the Vice-Chair with the opportunity for all trustees and the CEO to input. The Board reflects regularly on its performance, specifically at the annual away day.

Page 11

Spark Inside (A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Structure, governance and management (continued)

d. Policies adopted for the induction and training of Trustees

Trustees are introduced to the work of the charity through meetings with the Chair, the CEO and staff and by taking part in a taster session of the Hero’s Journey™ to understand how our programme works. New trustees have an induction day run by the Senior Management Team. New trustees are also offered governance training and they are offered the opportunity to visit a prison. An induction pack containing the Memorandum and Articles of Association, strategy, vision, mission, budgets and other relevant information, including minutes of recent trustees’ meetings is provided.

To maintain a broad and appropriate skills mix, a review is regularly undertaken to ensure that should a member resign, an appropriate replacement is found. The Board also review its diversity with particular regard to lived experience similar to that of our participants. We encourage trustee applicants with lived experience of prison or the criminal justice system. We also actively encourage applications from people from Black or racially minoritized backgrounds and groups, and those who are under-represented on Boards.

Throughout the year we benefitted from two Board fellows (a programme open to people under the age of 30). The aim of the Board fellows programme is to ensure greater age diversity and to provide meaningful development opportunities for first time Board members. We have run this programme since 2014 with several fellows going on to become trustees at Spark Inside or elsewhere. The current programme ends in April 2024 and we plan to recruit again in the next financial year.

e. Pay policy for key management personnel

An annual Remuneration Committee is held to review staff pay and proposed increases. The Remuneration Committee is made up of the trustees who sit on the Finance and Risk Committee, plus the Chair and the lead Trustee for Equality, Diversity and Inclusion. The CEO submits a proposal to the Remuneration Committee with recommendations for salary increases in line with salary bandings.

f. Risk management

Trustees have implemented a risk management strategy that comprises:

Page 12

Spark Inside

(A company limited by guarantee)

Trustees' report (continued)

for the year ended 31 March 2024

Plans for future periods

Strategic Aims

In our new Strategic plan for 2024-2027 we have set out our three-year ambitions to:

  1. Coach many more young people in prison and through the gate

  2. Champion a coaching culture in prisons

  3. Continue to be effective and to evidence this impact

  4. Be a skilled, diverse, and sustainable organisation with our own coaching culture

Priorities for 2024-25

Thank you to our supporters and funders!

We are hugely grateful for the support of our funders and supporters. The flexibility and commitment of our grant funders has enabled us to increase the numbers of young people we have coached this year and to ensure we are where we are most needed. Thank you to all of the grant-giving Trusts and Foundations – you can see a list in the financial section.

We are equally thankful to our other supporters, friends, corporates and philanthropists, including the individuals who donated through our Big Give match-funding campaign at Christmas, which raised £80,120 to empower young people to thrive after prison.

Page 13

Spark Insidg (A company limited by guarantee) Trustees. report l¢ontlnued) for th• ygar frnded 31 March 2024 Statement of Tru$tWs' rosponsibllltiOS The Trustees (who are also the directors of the Charty for the purposes of company law) are responsible for preparing the Tnjstees, report and the financial statements in accordance with applicable law and Unitéd Kingdom Accounts"ng Standards (United Kingdom Generalty Accepted Accounb'ng Practice). Company law requires the Trustees lo prepaTe ftnanci81 slalements for each financial year. Under company law, the Truslees mltsl not approve the financjal ststements unless they are satisfied that they give a true and fail view of the slate of affairs of the Charity and of its incoming resources and application of resources, induding Its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable ¥￿Unting policies and then apply them consistently. obsèrve tho methods and principles of the Charities SORP IFRS 102)-, make judgements and accounting estrmales that are reasonable and prudent", slate whether applicable UK Accounting Stsndards IFRS 1021 have been foll¢Md, subjgct to any matsrial departures disdosed and explained in the financial ststemtrnls., P￿pare the financial slalements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are fesponsible for keeping adequate accoijnling records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any tsme the financial posilTon of the Charity and enable them lo ensure that the financial slalements Comply with the Companies Act 20CE. They are also responsible for safeguarding the assets of the Charity and hence for tsking reasonable steps for the prevention and detection of fraud and olhef irregularities. Dbclosure of information to auditorn Ea¢h of the persons who afe Trustees at the time when this Trustees. report is approved has confimied that.. so far as that Trustee is aware, there is no relevant audit information of which the charitys auditors are unaware, and that Trustee has taken all the steps that ought to have been taken as a Tnjstee in order lo be aware of any relevanl audit informalion and lo establish that the charity's auditors are aware of that infomwtion. Auditors KTeston Reeves LLP wa5 re-appointed as the Charitable company's auditors during the year and has expressed its willingness lo continue in that capacity. Approved by order of the members of the board of Trustees and signed on thoir behalf by.. E Handllng Chair of Trustees Date. ? 20 ZL

Spark Inside (A company limited by guarantee)

Independent auditor's report to the Members of Spark Inside

Opinion

We have audited the financial statements of Spark Inside (the 'charity') for the year ended 31 March 2024 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, 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, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

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 Auditor's 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 United Kingdom, including the Financial Reporting Council'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.

Page 15

Spark Inside (A company limited by guarantee)

Independent auditor's report to the Members of Spark Inside (continued)

Other information

The other information comprises the information included in the Annual report other than the financial statements and our Auditor's report thereon. The Trustees are responsible for the other information contained within the Annual report. 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. 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 course of 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.

Opinion on other matters prescribed by the Companies Act 2006

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

Matters on which we are required to report by exception

In the light of our 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 Trustees' report.

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

Responsibilities of trustees

As explained more fully in the Trustees' responsibilities statement, 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 16

Spark Inside (A company limited by guarantee)

Independent auditor's report to the Members of Spark Inside (continued)

Auditor's 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 an Auditor's report 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:

Capability of the audit in detecting irregularities, including fraud

Based on our understanding of the charity, the sector as a whole, and through discussion with the Trustees and other management (as required by auditing standards), we identified that the principal risks of non-compliance. We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities SORP (FRS 102) Second Edition (released October 2019), the Companies Act 2006 and other relevant charity legislation. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated Trustees' and management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks related to posting inappropriate journal entries. Audit procedures performed by the engagement team included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.

Page 17

Spark Inside (A company limited by guarantee)

Independent auditor's report to the Members of Spark Inside (continued)

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

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.

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 Auditor's 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 its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Lucy Hammond BSc FCA (Senior statutory auditor)

for and on behalf of Kreston Reeves LLP

Chartered Accountants Statutory Auditor

Brighton

Date: 20 November 2024

Page 18

Spark Inside

(A company limited by guarantee)

Statement of financial activities (incorporating income and expenditure account) for the year ended 31 March 2024

Note
Income from:
Donations and legacies
4
Charitable activities
6
Investments
7
Other income
8
Total income
Expenditure on:
Raising funds
9
Charitable activities
10
Total expenditure
Net income/(expenditure)
Transfers between funds
19
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2024
£
354,790
247,792
19,431
2,032
624,045
29,810
424,168
453,978
170,067
(22,873)
147,194
523,158
147,194
670,352		 Restricted
funds
2024
£
463,113
-
-
-
463,113
12,207
540,233
552,440
(89,327)
22,873
(66,454)
332,198
(66,454)
265,744		 Total
funds
2024
£
817,903
247,792
19,431
2,032
1,087,158
42,017
964,401
1,006,418
80,740
-
80,740
855,356
80,740
936,096		 Total
funds
2023
£
806,108
109,745
7,394
4,541
927,788
33,254
854,730
887,984
39,804
-
39,804
815,552
39,804
855,356

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 22 to 40 form part of these financial statements.

Page 19

Spark Inslde IA company limited by guarantee) Registered number: 07984016 Balance shoot ag at 31 March 2024 2024 2023 Fixed assgts Tangible assets Current assets 16 478 1,196 Debtors Cash at bank 17 98,963 929,859 21,896 907,380 1.028,822 929,276 Creditors.. arnunls falling due within one year 18 193,204) 175,116} Nel current a88ets 935,618 854,160 Total net assets 936,096 855,356 Charity funds Resth'cted funds unrestn.eted fijnds 19 19 265,744 670,352 332,198 523,158 Total fund8 936,096 855,356 The Trustees aCknO￿edge their responsibilities for comptying with the requirements of the Act wrth respect to accounting records and preparat￿n of financial slatemenls. The financial statements have been prepared in acc￿danCe wlth the provisions applicable to ontiti8s subject to the small companies regime. The finanryal 5taterrEnts were approved and authollsed for issue by the Tnjstees and swjned on their behalf by.. E Handling Chair of Trustees Date. 7 IlQ(C(kn)b£f 202 L The notes on pages 22 to 40 fonn part of these finan￿al statements.

Spark Inside (A company limited by guarantee)

Statement of cash flows
for the year ended 31 March 2024
Cash flows from operating activities
Net cash used in operating activities (note 22)
Cash flows from investing activities
Dividends, interests and rents from investments
Net cash provided by investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year (note 23)
The notes on pages 22 to 40 form part of these financial statements		 2024
£
3,048
19,431
19,431
-
22,479
907,380
929,859		 2023
£
96,914
7,395
7,395
-
104,309
803,071
907,380

Page 21

Spark Inside (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

1. General information

The charity is a private company limited by guarantee incorporated in England and Wales. The members of the company are the Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.

The registered office and principal place of business of the charity is:

Unit 386 Salisbury House London Wall London EC2M 5SQ

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Spark Inside meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are presented in UK sterling, the charity's functional currency, and rounded to the nearest pound.

2.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

Page 22

Spark Inside (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

2. Accounting policies (continued)

2.4 Expenditure (continued)

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the Bank.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £2,000 or more are capitalised.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities incorporating income and expenditure account.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.

Depreciation is provided on the following bases:

Computer equipment - 3 years straight line
CRM Software - 3 years straight line

2.7 Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

Page 23

Spark Inside (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

2. Accounting policies (continued)

2.8 Cash at bank

Cash at bank includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation.

2.10 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.11 Operating leases

Rentals paid under operating leases are charged to the Statement of financial activities incorporating income and expenditure account on a straight line basis over the lease term.

2.12 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.13 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page 24

Spark Inside (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

3. Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. There are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

4. Income from donations and legacies

Unrestricted
funds
2024
£
Donations
142,790
Grants
212,000
Total 2024
354,790
Total 2023
320,073		 Restricted
funds
2024
£
-
463,113
463,113
486,035		 Total
funds
2024
£
142,790
675,113
817,903
806,108		 Total
funds
2023
£
120,073
686,035
806,108

Page 25

Spark Inside (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

5. List of grants (listed in order of donation date)

Unrestricted
funds
2024
£
Garfield Weston Foundation
-
The Goldsmiths Company Charity
-
29th May 1961 Charitable Trust
5,000
Highway One Trust
-
Colyer Fergusson Charitable Trust
-
Paul Hamlyn Foundation
-
The Portal Trust
-
AB Charitable Trust
22,000
The Tolkien Trust
-
DCR Allen Charitable Trust
-
Barrow Cadbury Trust
-
Bernard Lewis Family Charitable Trust
175,000
Drapers Charitable Fund
-
Esmée Fairbairn
60,000
Fidelity UK
-
St James' Place Charitable Foundation
-
Charles Hayward Foundation
-
The Henry Smith Charity
-
Groundworks
-
Porticus UK
-
Swire Charitable Trust
-
PHF Expert Support
-
Aurum Charitable Trust
-
Grants under £3,000
-
The Listening Fund
-
London Youth
-
Confidential Funder
40,000
The 4814 Trust
10,000
GLA Youth
-
The Triangle Trust 1949 Fund
-
Ministry of Justice (HMPPS Innovation Fund)
-
The Innholders Charitable Foundation
-
Sir Halley Stewart
-
Total 2024
312,000
Total 2023
255,000		 Restricted
funds
2024
£
-
-
-
-
-
110,000
25,000
-
25,000
-
1,000
-
-
5,940
21,447
30,000
25,000
50,000
-
8,718
-
30,000
-
-
25,000
3,000
-
-
3,293
13,225
54,490
2,000
30,000
463,113
431,035		 Total
funds
2024
£
-
-
5,000
-
-
110,000
25,000
22,000
25,000
-
1,000
175,000
-
65,940
21,447
30,000
25,000
50,000
-
8,718
-
30,000
-
-
25,000
3,000
40,000
10,000
3,293
13,225
54,490
2,000
30,000
775,113
686,035		 Total
funds
2023
£
30,000
22,000
5,000
10,000
36,000
100,000
25,000
20,000
25,000
5,000
27,000
30,000
15,000
89,000
41,828
30,000
25,000
25,000
(3,293)
45,000
15,000
30,000
30,000
8,500
-
-
-
-
-
-
-
-
-
686,035

Page 26

Spark Inside (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

6. Income from charitable activities

Coaching programmes
Total 2023
7.
Investment income

Interest received
Total 2023
8.
Other income

Other income
Total 2023		 Unrestricted
funds
2024
£
247,792
109,745
Unrestricted
funds
2024
£
19,431
7,394
Unrestricted
funds
2022
£
2,032
2,032
4,541		 Total
funds
2024
£
247,792
109,745
Total
funds
2024
£
19,431
7,394
Total
funds
2022
£
2,032
2,032
4,541		 Total
funds
2023
£
109,745
Total
funds
2023
£
7,394
Total
funds
2023
£
4,541
4,541

Page 27

Spark Inside (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

9. Expenditure on raising funds

Costs of raising voluntary income

Unrestricted
funds
2024
£
Costs of raising voluntary income
29,810
Total 2023
31,985		 Restricted
funds
2024
£
12,207
1,269		 Total
funds
2024
£
42,017
33,254		 Total
funds
2023
£
33,254

10. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2024
£
Coaching programmes
424,168
Total 2023
345,502		 Restricted
funds
2024
£
540,233
509,228		 Total
2024
£
964,401
854,730		 Total
2023
£
854,730

Page 28

Spark Inside

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

11. Analysis of expenditure by activities

Charitable activities
Total 2023
Analysis of direct costs
Staff costs
Training and events
Coaching and programme
Evaluation
Marketing
Travel expenses
Rent and office costs
Sundry and subscriptions
User involvement costs
Subcontractor costs
Charitable and political donations
Total 2023		 Direct
costs
2024
£
884,134
791,582		 Support
costs
2024
£
80,267
63,148
Charitable
activities
2024
£
588,615
1,760
180,806
27,704
9,795
984
26,614
13,236
2,325
32,295
-
884,134
791,582		 Total
funds
2024
£
964,401
854,730
Total
funds
2024
£
588,615
1,760
180,806
27,704
9,795
984
26,614
13,236
2,325
32,295
-
884,134
791,582		 Total
funds
2023
£
854,730
Total
funds
2023
£
520,034
9,306
164,911
20,216
7,241
535
33,960
8,745
1,584
24,800
250
791,582

Page 29

Spark Inside (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

11. Analysis of expenditure by activities (continued)

Analysis of support costs

Depreciation
Legal and professional
Recruitment
Computer costs
Insurance
Bank fees
Other staff costs
Entertaining
Governance costs (including auditors' remuneration)
Total 2023		 Charitable
activities
2024
£
718
9,420
1,357
21,682
3,297
69
28,437
17
15,270
80,267
63,148		 Total
funds
2024
£
718
9,420
1,357
21,682
3,297
69
28,437
17
15,270
80,267
63,148		 Total
funds
2023
£
718
21,071
1,460
15,208
3,215
78
8,028
20
13,350
63,148

12. Auditor's remuneration

2024 2023
£ £
Fees payable to the Charity's auditor for the audit of the Charity's annual
accounts (inclusive of irrecoverable VAT) 12,000 10,200
Fees payable to the Charity's auditor in respect of:
All non-audit services not included above 2,400 3,150

Page 30

Spark Inside (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

13. Staff costs

Wages and salaries
Social security costs
Pension costs		 2024
£
512,708
50,272
25,635
588,615		 2023
£
451,413
46,091
22,530
520,034

The average number of persons employed by the Charity during the year was as follows:

Staff
Directors		 2024
No.
12
8
20		 2023
No.
11
9
20

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2024 2023
No. No.
In the band £80,001 - £90,000 1 1

One employee was employed as a Director of the Company until August 2022. See note 14.

Employer pension contributions of £4,104 (2023: £4,008) were paid on behalf of the above staff.

In both 2023 and 2024 Spark Inside consider their key management personnel to consist of:

Vicki Cardwell Chief Executive, Luke Carey, Head of Service Delivery, Tom Currie, Head of Impact and Innovation, Louise Potter, Head of Communications and Advocacy, Julia Ross, Head of Finance and Operations.

These 5 (2023: 5) key management personnel received total aggregate remuneration of £307,920 (2023: £304,001) made up of salaries of £264,379 (2023: £259,894), employers national insurance £30,292 (2023: £31,112) and employers pension contributions of £13,249 (2023: £12,995).

Page 31

Spark Inside (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

14. Directors' remuneration

Directors' emoluments
Company contributions to defined contribution pension schemes		 2024
£
-
-
-		 2023
£
26,520
1,326
27,846

During the year retirement benefits were accruing to no directors (2023: 1) in respect of defined contribution pension schemes.

15. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).

During the year ended 31 March 2024, expenses totalling £147 were reimbursed or paid directly to 2 Trustees (2023 - £NIL to 0 Trustees). £147 of expenses reimbursed or paid directly to 2 trustees relate to board meeting costs and travel expenditure.

16. Tangible fixed assets

Cost or valuation
At 1 April 2023
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Computer
equipment
£
11,837
11,837
10,641
718
11,359
478
1,196

Page 32

Spark Inside

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

17. Debtors

Trade debtors
Prepayments and accrued income		 2024
£
43,303
55,660
98,963		 2023
£
11,754
10,142
21,896

18. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 April 2023
Resources deferred during the year		 2024
£
23,212
16,350
3,461
50,181
93,204
2024
£
9,200
15,473
24,673		 2023
£
31,392
14,593
3,039
26,092
75,116
2023
£
-
9,200
9,200

Deferred income arises from grants received in the financial year that also relate to subsequent financial years.

Page 33

Spark Inside (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

19. Statement of funds

Statement of funds - current year

Unrestricted funds
General funds
Restricted funds
Charles Hayward Foundation
Black Perspective
St James's Place Charitable
Foundation
Big Give The Conversation®
Colyer Fergusson Charitable
Trust
Sir Halley Stewart
The Triangle Trust 1949 Fund
Listening Fund
Paul Hamlyn Foundation
The Henry Smith Charity
Prudential PLC
Porticus UK
The Tolkien Trust
Barrow Cadbury Trust
Portal Trust
Champions for Children
PHF Expert Support
Ministry of Justice (HMPPS
Innovation Fund)
Fidelity UK Foundation
Other Restricted Funds
Total of funds		 Balance at 1
April 2023
£
523,158
Balance at 1
April 2023
£
16,667
17,862
17,459
52,808
44,908
-
-
-
42,514
14,630
8,750
20,864
6,765
11,492
5,081
43,562
-
-
27,086
1,750
332,198
855,356		 Income
£
624,045
Income
£
25,000
-
30,000
-
-
30,000
13,225
25,000
110,000
50,000
-
8,718
25,000
1,000
25,000
-
30,000
54,490
21,447
14,233
463,113
1,087,158		 Expenditure
£
(453,978)
Expenditure
£
(24,999)
(408)
(26,985)
(22,969)
(25,717)
(7,219)
(3,767)
(23,969)
(64,461)
(50,515)
(8,750)
(42,400)
(20,480)
(12,492)
(38,370)
(42,572)
(30,000)
(55,562)
(35,000)
(15,805)
(552,440)
(1,006,418)		 Transfers
in/out
£
(22,873)
Transfers
in/out
£
-
-
-
-
-
-
-
-
-
-
-
12,818
-
-
8,289
147
-
1,072
-
547
22,873
-		 Balance at
31 March
2024
£
670,352
Balance at
31 March
2024
£
16,668
17,454
20,474
29,839
19,191
22,781
9,458
1,031
88,053
14,115
-
-
11,285
-
-
1,137
-
-
13,533
725
265,744
936,096

Page 34

Spark Inside (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

19. Statement of funds (continued)

Designated funds

During 2023, the Trustees made the decision to undesignate all three of the charity's designated funds, and therefore they were transferred back in to general unrestricted funds on 31 March 2023.

Restricted funds

Black Perspective - a fund for development of a culturally-specific version of our Hero’s Journey™ life coaching programme for Black and Minority Ethnic young men in prison.

Big Give The Conversation® - a restricted fund for our systems coaching programme for groups of prison staff and prisoners to enhance relationships, improve empathy and support cultural change on prsion sp wings.

Henry Smith Charity - a fund to contribute to the running costs of the Hero's Journey™ programme, providing support for young people in transition to being released from prison.

Prudential PLC - Hero’s Journey™ - a fund (supported by multiple grant funders) for delivery of the Hero’s Journey™ Life Coaching Programme in prisons.

Listening Fund - a fund from the Blagrave Trust’s Listening Fund for development of mechanisms for listening to feedback and ideas from our participants.

Paul Hamlyn Foundation – a growth fund to support our strategic development and help fund our management team.

St James' Place Foundation - a fund from the St James’ Place Charitable Foundation to contribute to the salaries of Spark Inside’s Service Delivery Managers.

PHF Expert Support - an additional fund from Paul Hamlyn Foundation supporting access to expert support and advice.

Porticus UK - a fund for the coaching of young people and staff based at HMPYOI Isis.

Tolkien Trust – a fund from The Tolkien Trust to provide a life coaching programme for prison staff.

Barrow Cadbury Trust – a three-year grant for our policy work to advocate for the wellbeing of young people in prison and to champion racial inequity in the criminal justice system.

Colyer-Fergusson Charitable Trust – a fund from Colyer Fergusson Charitable Trust for £36,000 per year for three years for work in HMP Cookham Wood.

Champions for Children - help us deliver our life coaching programmes to young people.

Portal Trust - supporting the Hero's Journey™ programme, transforming the lives of vulnerable and disadvantaged young people in HMPYOI Isis.

Charles Hayward Foundation- supporting the delivery of Hero's Journey™, Black Hero's Journey™ and Hero's Journey™ in the community.

Fidelity – a fund from Fidelity UK Foundation to support our impact and innovation work, including funding the salary cost of Head of Impact and Innovation.

Ministry of Justice (HMPPS Innovation Fund) - A fund to run a new pilot of our Black Hero’s Journey™ programme (a culturally-specific version of our Hero’s Journey™ life coaching programme for Black and Minority Ethnic young men in prison) for young Black and Mixed Heritage men (aged 18-30) in HMPYOI Feltham and HMP Brixton.

Page 35

Spark Inside (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

19. Statement of funds (continued)

London Youth - A fund contributing to our Black Hero’s Journey™ programme (a culturally-specific version of our Hero’s Journey™ life coaching programme for Black and Minority Ethnic young men in prison) in HMP Brixton.

Sir Halley Stewart - A fund towards The Resolve Project: an innovative, ground-breaking project to bring prison staff and prisoners together to prevent/resolve in-prison conflict, transform prison culture and boost rehabilitation, helping people to genuinely ‘move beyond disadvantage’.

The Triangle Trust 1949 Fund - A fund towards an innovative programme to provide gym-based prison staff the reflective space and tools to improve their own wellbeing and that of prisoners in their care, and to support better interactions with prisoners with a coaching approach, contributing to rehabilitation.

Other restricted funds include; Esmée Fairbairn Foundation Fund, The Field Family Trust, Groundworks, The Innholders Charitable Foundation and London Youth.

Esmée Fairbairn - funding a consultant providing expert advice on income growth.

The Innholders Charitable Foundation - A fund towards transforming the lives of young people in prison in HMP Brixton by providing one-to-one Hero’s Journey™ life coaching sessions to young people (age 15 to 25) in HMP Brixton.

Statement of funds - prior year

Unrestricted funds
Designated funds
Project specific designated
funds
Office move
IT upgrade
General funds
General funds
Total Unrestricted funds		 Balance at
1 April 2022
£
4,889
7,639
4,885
17,413
457,454
474,867		 Income
£
-
-
-
-
438,753
438,753		 Expenditure
£
-
(3,236)
(210)
(3,446)
(374,041)
(377,487)		 Transfers
in/out
£
(4,889)
(4,403)
(4,675)
(13,967)
992
(12,975)		 Balance at
31 March
2023
£
-
-
-
-
523,158
523,158

Page 36

Spark Inside (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

19. Statement of funds (continued)

Restricted funds
Charles Hayward Foundation
Black Perspective
St James's Place Charitable
Foundation
Big Give The Conversation®
Colyer Fergusson Charitable
Trust
Sir Halley Stewart
The Triangle Trust 1949 Fund
Listening Fund
Paul Hamlyn Foundation
The Henry Smith Charity
Prudential PLC
Porticus UK
The Tolkien Trust
Barrow Cadbury Trust
Portal Trust
Champions for Children
PHF Expert Support
Ministry of Justice (HMPPS
Innovation Fund)
Fidelity UK Foundation
Other Restricted Funds
Total of funds		 Balance at
1 April 2022
£
-
25,049
-
52,808
36,000
-
-
25,223
47,422
-
-
30,361
12,712
14,315
-
15,500
19,523
9,900
-
51,872
340,685
815,552		 Income
£
25,000
-
30,000
-
36,000
5,000
3,000
-
100,000
25,000
16,500
45,000
25,000
27,000
25,000
58,000
(3,293)
-
30,000
41,828
489,035
927,788		 Expenditure
£
(8,333)
(7,187)
(12,541)
-
(27,092)
(5,000)
(1,250)
(25,223)
(104,908)
(10,370)
(7,750)
(54,497)
(30,947)
(29,823)
(19,919)
(29,959)
(18,856)
(9,900)
(40,328)
(66,614)
(510,497)
(887,984)		 Transfers
in/out
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
21
2,626
-
10,328
-
12,975
-		 Balance at
31 March
2023
£
16,667
17,862
17,459
52,808
44,908
-
1,750
-
42,514
14,630
8,750
20,864
6,765
11,492
5,081
43,562
-
-
-
27,086
332,198
855,356

Page 37

Spark Inside (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

20. Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted
funds
2024
£
Tangible fixed assets
478
Current assets
763,078
Creditors due within one year
(93,204)
Total
670,352
Analysis of net assets between funds - prior period
Unrestricted
funds
2023
£
Tangible fixed assets
1,196
Current assets
597,078
Creditors due within one year
(75,116)
Total
523,158		 Restricted
funds
2024
£
-
265,744
-
265,744
Restricted
funds
2023
£
-
332,198
-
332,198		 Total
funds
2024
£
478
1,028,822
(93,204)
936,096
Total
funds
2023
£
1,196
929,276
(75,116)
855,356

21. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the period (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Dividends, interests and rents from investments
(Increase) /decrease in debtors
Increase in creditors
Net cash provided by operating activities		 2024
£
80,740
718
(19,431)
(77,067)
18,088
3,048		 2023
£
39,804
718
(7,394)
31,903
31,883
96,914

Page 38

Spark Inside (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

22. Analysis of cash and cash equivalents

Cash at bank
Total cash and cash equivalents		 2024
£
929,859
929,859		 2023
£
907,380
907,380

23. Analysis of changes in net debt

Cash at bank At 1 April
2023
£
907,380
907,380		 Cash flows
£
22,479
22,479		 At 31 March
2024
£
929,859
929,859

24. Pension commitments

The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £25,635 (2023: £22,530). At the balance sheet date there were contributions of £3,461 due to the fund (2023: £3,039).

25. Operating lease commitments

At 31 March 2024 the Charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Between 1-2 years		 2024
£
5,838
-
5,838		 2023
£
17,514
5,838
23,352

Page 39

Spark Inside

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

26. Related party transactions

There were no disclosable related party transactions during the year (2023 - £Nil) and there are no balances outstanding with any related parties at the Balance sheet date (2023 - £Nil).

27. Controlling party

The trustees who are also directors control the charity.

Page 40