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2021-07-31-accounts

Trustees’ Annual Report for the period

From Period start date: 01 August 2020 To: 31 July 2021 Period end date

Charity name: THE SPARKLE ACADEMY

Charity registration number: 1151655

Objectives and Activities

What the charity does: To promote close co-operation and communication between parents, teachers and the community to study and discuss matters of mutual interest relating to the education and welfare of pupils to engage in activities which support and advance the education of pupils attending school and wellbeing Our activities now include supporting the other schools

Who the charity helps: Children/young People.

How the charity helps: Provides Other Finance

Provides Services

General Charitable Purposes

Education/training

The Prevention or Relief of Poverty

Where the charity operates: Cornwall.

TAR

The Covid Pandemic changed the lives of many. The Sparkle Academy were able to set up a food delivery service and a crisis service during this time. We were able to bring food and supplies including PPE to the families and community we support and to essential services. We provided handwashing equipment, PPE, gels, masks, and a medication delivery service.

We are so proud of all of the volunteers who selflessly gave their time to support so many people in need. We delivered educational activity packs and supplied computers to those children who couldn’t afford one to continue their education online. We were able to contact previous supports such as builders’ merchants to give face masks and protective clothing to medical staff who we yet to receive them.

We sadly lost a trustee and volunteers to covid. They leave a beautiful legacy of support and care to all of those that they supported over the years. We will never forget you and will be eternally grateful.

STATEMENT OF FINANCIAL ACTIVITIES (incorporating income and expenditure account) FOR THE YEAR ENDED 31th July 2021

Notes
Incoming resources
Incoming
resources
from generated funds
Donations
2
Restricted Grants
2
Fundraising Income
2
Total incoming
resources
Resources expended
Cost of generating funds
3
Governance costs
4
Total resources
expended
Net (outgoing)/incoming
resources for the
year/net
(expenditure)/income for
the year
Total funds brought
forward
Total funds carried
forward		 Restricted
funds
£
0
62,195
0
62,195
41,681
21467.49
63,149
-954
31821
30,867		 Unrestricted
funds
£
14,151
0
15,968
30,119
21,419
11,174
32,594
-2,474
-5290
-7,764		 Total
2021
£
14,151
62,195
15,968
92,314
63,101
32,642
95,742
-3,428
26531
23,103		 Total
2020
£
18,698
2,500
42,419
63,617
40157
23198
63,355
31006
-4475
26531

BALANCE SHEET FOR THE YEAR ENDED 31th July 2021

Notes
Fixed assets
8
Current assets
Cash at bank
Cash in hand
Prepayments
Creditors: amounts falling
due within one year
7
Net current assets
Total assets less current
liabilities
Accruals and deferred income
7
Net assets
Funds
9
Restricted funds
Unrestricted funds
Total funds		 £
14,052
5,125
4,674
1,054		 2021
£
-
10,852
24,904
-1800
23,104
31204.53
-8,101
23,103		 £
26072
792
879
0		 2020
£
-
1359
10,852
0		 1671
312
27431
-900
26531
31623
-5092
26531

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31th July 2021

2 DONATIONS
Restricted Unrestricted Total Total
funds funds 2021 2020
£ £ £ £
General donations 0 14,151 14,151 29,360
Fundraising income 0 15,968 15,968 17,415
Restricted Grants 62,195 0 62,195 79,452
62,195 30,119 92,314 126,227
3 COSTS OF GENERATING VOLUNTARY INCOME
Restricted Unrestricted Total Total
funds funds 2021 2020
£ £ £ £
Charitable Spending 38,742 15,063 53,804 6,580
Fundraising & promotions 571 6,357 6,927 0
Therapy Costs 2,369 0 2,369 66,902
41,681 21,419 63,101 73,482
4 GOVERNANCE COSTS
Restricted Unrestricted Total Total
funds funds 2021 2020
£ £ £ £
Accountancy and
bookkeeping		 0 1,699 1,699 900
General Administrative Costs 21467 9,475 30,943 20,839
21467 11,174 32,642 21,739

NET 5 INCOME

None of the trustees (or any persons connected with them) received expenses during the year and no remuneration was paid to trustees (or any persons connected with them) as workshop leaders.

During the year, no Trustees received any benefits in kind.

STAFF 6 COSTS

The charity has no employees other than the Trustees, who did not receive any remuneration.

No employee received remuneration amounting to more than £60,000 in the year.

7 CREDITORS

Trade creditors
Accruals and
deferred income
10
DEBTORS
Trade Debtors
Prepayments		 2021
£
0
1800
1,800
2021
£
0
1,054
1,054		 2020
£
312
900
1,212
2020
£
0
0
0

TANGIBLE FIXED 8 ASSETS

Plant &
Machinery		 Motor
Vehicles
(Restricted)		 Motor
Vehicles
(Unrestricted)		 Computer
Equipment
(Restricted)		 Total
£ £ £ £ £
Cost
At 31st July 2020 0 29,299 0 522 29,821
Additions 0 0 11,100 0 0
Disposals 0 -24,999 0 0 -24,999
As at 31st July 2021 0 4,300 11,100 522 4,822
Depreciation
At 31st July 2020 0 3,662 0 86 3,748
Charge for the year 0 -2,050 0 172 -1,878
As at 31st July 2021 0 1,612 0 258 1,870
Net book value
At 31st July 2020 0 25,637 0 436 26,073
As at 31st July 2021 0 2,688 11,100 264 14,052
9 STATEMENT OF FUNDS
Brought Incoming Resources Carried
Forward resources Expended Forward
£ £ £ £
General fund -5,541 30,119 41,980 -17,401
Restricted funds 32,072 62,195 66,014.35 28,253
Total of funds 26,531 92,314 107,994 10,851
Analysis of net assets between funds
Restricted Unrestricted Total Total
funds funds 2021 2020
£ £ £ £
Fixed assets 2,952 11,100 14,052 26,073
Current assets 28,253 -17,401 10,851 26,531
Current liabilities 0 1,800 1,800 -1,212
31,205 -8,101 23,103 51,392

Independent Examiner's Report to the Trustees The Sparkle Academy

We report on the accounts of the Charity for the year ended 31[st] July 2021, which are set out in pages 4 & 5.

Respective responsibilities of trustees and examiner.

As the charity's trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 144(2) of the Charities Act 2011 ( The 2011 Act) does not apply and that an independent examination is needed.

It is our responsibility to:

Basis of Independent Examiner's Report

Our examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and an examination of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as executive committee members concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently, no opinion is given as to whether the accounts provide a true and fair view and the report is limited to these matters set out below.

Independent Examiner's statement

In connection with our examination, no matter has come to our attention:

  1. which gives us reasonable cause to believe that in any material respect, the requirements:-

a) to keep accounting records in accordance with section 130 of the 2011 Act , and b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met

  1. to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

R Gabbatiss Wordsley Associates Ltd. Accountants 27[th] June 2023