2024-12-31-accounts - The Sparkle Foundation

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The Sparkle Foundation

Report and Financial Statements for the year ended 31st December 2024

Charity number: 1161708

www.thesparklefoundation.org

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Contents
1. Reference and Administrative Details....................................................................................................... 5
2. Trustees’ Annual Report................................................................................................................................. 6
2.1 Report Outline.............................................................................................................................................. 6
2.2 The Sparkle Foundation’s Vision, Mission, and Objectives......................................................... 7
3. Looking back at 2024 - Sarah Brook, CEO and Founder, Sparkle Foundation.............................. 9
3.1 2024 Main Activities and Achievements........................................................................................... 11
3.2 Team.............................................................................................................................................................. 17
3.3 International Volunteers........................................................................................................................ 19
3.4 Our Volunteers and Visitors in Malawi............................................................................................. 20
4. Core Programmes............................................................................................................................................ 22
4.1 Health.............................................................................................................................................................. 22
4.2 Nutrition........................................................................................................................................................ 26
4.3 Education...................................................................................................................................................... 30
4.4 Community................................................................................................................................................... 34
4.5 The Fuel Crisis............................................................................................................................................. 38
4.6 Monitoring and Evaluation (M&E)......................................................................................................... 39
5. Fundraising.......................................................................................................................................................... 40
5.1 Performance of Fundraising Activities Against Objectives Set for the 2024 Financial
Year.................................................................................................................................................................... 40
5.2 Main Achievements against Objectives Set for the 2024 Financial Year................................... 41
The Sparkle Foundation
Registered charity number: 1161708
www.thesparklefoundation.org 3
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Financial Review.............................................................................................................................................. 42 6.1 Charity’s Financial Position as the 2024 Financial Year End...................................................... 42 6.2 Charity’s Principal Source of Funds..................................................................................................... 43 6.3 Reserves Policy and Going Concern..................................................................................................... 43 6.4 Principal Risks, Uncertainties and Mitigating Actions................................................................. 45 7. Future Plans....................................................................................................................................................... 48 8. Structure, Governance and Management............................................................................................... 49 8.1 Organisational Management................................................................................................................. 49 8.2 Appointment and Recruitment of Trustees...................................................................................... 50 8.3 Pay and Remuneration…………………………………………………………................................................................ 50 8.4 Risk Assessment and Management.................................................................................................... 51 9. Independent Examiner’s Report to the Trustees of the Sparkle Foundation............................ 53 9.1 Responsibilities and Basis for the Report………………………................................................................ 53 9.2 Independent Examiner’s Statement................................................................................................... 54 10. Statement of Financial Activities............................................................................................................ 55 11. Notes to the Accounts................................................................................................................................. 58 The Sparkle Foundation Registered charity number: 1161708 www.thesparklefoundation.org

1. Reference and Administrative Information

Charity name:

The Sparkle Foundation

Charity number:

1161708

Registered office and operational address:

Office 4473, PO BOX 6945, London, W1A 6US

Chief Executive Officer

Sarah Brook

Independent Examiner

Sean Rowe - Chartered Accountant Unit 9 Hill Farm, Ford End, CM3 1LH

Trustees

Trustees who served during the year 2024 and up to the date of this report were as follows:

Dr. Neville Prior	Chair
Mike Burton
Martin Waud	Treasurer
David Towers
Nicholas Faraday

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

2. Trustees' Annual Report

2.1 Report Outline

The trustees of The Sparkle Foundation present their annual report and financial statements for the year ended 31st December 2024.

Reference and administrative information are set out on page 1 and form part of this report. The financial statements comply with current statutory requirements, the charity’s governing document and the Statement of Recommended Practice – Accounting and Reporting by Charities (SORP) applicable to charities preparing their accounts in accordance with FRS 102.

This report examines what the charity has achieved and the outcomes of its work in the reporting period. The trustees also report the success of each key activity and the benefits the charity has brought to the groups of people that it is set up to help.The trustees have considered the guidance contained in the Charity Commission’s guidance on public benefit when determining and reviewing the charity’s aims and objectives, and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set, and further the charity’s purposes for the public benefit.

Note on Currency Conversion:

All savings and financial transactions in Malawian Kwacha (MWK) and in United Arab Emirates Dirhams (AED) have been converted to GBP (British Pounds) for the purposes of this report. The exchange rates applied were as follows:

MWK to GBP: 1 MWK = 0.0005 GBP

AED to GBP: 1 AED = 0.2131GBP

The exchange rates used reflect the average exchange rate for the reporting period (January 1, 2024 – December 31, 2024).

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

2.2 The Sparkle Foundation’s Vision, Mission, and Objectives

The objective of The Sparkle Foundation is to provide advancement in education and health for the public benefit of vulnerable children and young adults in the Republic of Malawi. This is being achieved through continued development of their individual capabilities, competencies, skills, understanding in subjects of educational value and the provision of food, water, sanitation and health facilities.

Our Vision

To create a future in which every community has an equal opportunity to live a life of health and self-sufficiency.

Our Mission

To drive positive change within the charity sector through the delivery of a sustainable and replicable best-practice community model.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

Our core focus is to provide a holistic approach to self-sufficiency through four main pillars:

Sector	Target
Health	Enhance the life chances of vulnerable children by ensuring access to free outpatient services, raising awareness on healthy seeking behaviours, and strengthening community systems in addressing public health issues.
Education	Enhance the life chances of vulnerable children and individuals from marginalised backgrounds by ensuring access to quality education (pre-school, primary after school programme, adult literacy).
Nutrition	Enhance the life chances and nutritional outcomes of vulnerable children by ensuring access to free nutritious meals (breakfast and lunch) and delivering a growing programme to build food security and sustainability.
Community	Promote economic opportunities and empower target communities to take initiative in community-driven development activities to strengthen livelihoods and build resilience. These activities are intended to be achieved as a direct benefit to the target group, as well as other beneficiaries of The Sparkle Foundation.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

3. Looking back at 2024: Sarah Brook, CEO and Founder, The Sparkle Foundation

Dear Friends and Supporters,

As we reflect on 2024, I am filled with immense pride and gratitude for the progress we have made at The Sparkle Foundation. This year has been a testament to the unwavering dedication of our teams, the generosity of our supporters, and the resilience of the communities we serve. Together, we have achieved remarkable milestones, setting the stage for an even brighter future.

One of our most significant accomplishments this year has been the establishment of our UAE Board, a critical step toward diversifying our support base and ensuring the long-term sustainability of our work. This new team of committed leaders has already begun driving impactful partnerships, raising awareness, and strengthening our presence in the region.

In addition to this, we successfully delivered our UK and UAE Gala events, which showcased the incredible support of our global community. The UAE Gala was a record-breaking achievement, raising £332,761, a testament to the generosity and belief in Sparkle’s mission. These events not only provided critical funding but also strengthened relationships with key partners and supporters who share our vision.

Closer to home in Malawi, we celebrated the opening of the Sparkle Farm, an initiative that holds great promise for the sustainability of our nutrition program. This project not only helps us reduce reliance on external funding but also empowers the local community through agricultural training and employment opportunities. Our first harvest was a proud moment for all involved and represents a major stride toward self-reliance.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

Additionally, we took another key step in our journey toward empowering local leadership by welcoming Peter Dias as Operations Director in Malawi. This transition marks a pivotal moment in our vision of handing over leadership to the communities we serve, ensuring that Sparkle remains deeply rooted in local expertise and ownership. Peter’s leadership has already brought fresh energy and efficiency to our operations.

In 2024, we also celebrated the opening of our third site in Namitembo, extending our reach to more children and families. This new centre enables us to provide essential education, healthcare, and nutrition to an additional 100 children, bringing the total number of children supported by Sparkle to over 300. The smiles on their faces and the hope in their hearts remind us why we do what we do.

As we prepare to enter our 10th year in 2025, these achievements highlight our commitment to scaling our impact while staying true to our values of empowerment, sustainability, and community-driven change. None of this would have been possible without your continued support, and for that, I am deeply grateful.

Sarah Brook

(CEO and Founder) The Sparkle Foundation

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

3.1 Main Activities and Achievements 2024

January

To kick off the year, The Sparkle Foundation celebrated a vibrant start with engaging activities in both the UK and Malawi. In the UK, the Civil Service Fast Streamers organised team-building events, including bowling socials and strategy sessions, to foster stronger internal connections. Meanwhile, in Malawi, Sparkle resumed its impactful school and clinic activities as students returned after the winter break.

February

Sparkle’s outreach reached new heights in February with the feature of CEO Sarah Brook on the Unscripted with Spencer Lodge podcast, where she shared the Foundation’s journey and vision. Sparkle also gained visibility with the launch of the ‘Be a Changemaker’ campaign, which aimed to raise awareness and encourage volunteers to join the mission, featuring an in-kind donation of a billboard from Chanel to promote Sparkle's website. A highlight of the month was the Sparkle Telethon, which featured live performances to raise £4,000 for communities in Malawi.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

March

In March, Sparkle launched its Ramadhan Campaign, aiming to raise sufficient funds to provide individual children in Malawi with a full year of comprehensive care. The campaign raised £6,771.44, enough to provide a year of education, meals, healthcare, and community support to five children in Malawi. Meanwhile, Sparkle’s social media initiatives continued to shine, with highlights of International Women’s Day and World Water Day bringing attention to vital issues impacting communities.

April

April marked a significant milestone with the launch of Sparkle’s third Early Childhood Development (ECD) site in Namitembo, Zomba. The new site represents the ability to support an additional 5,000 people across the community. This was made possible by the funds raised at the Sparkle Gala by EMIR in Dubai 2023, which allowed Sparkle to successfully acquire an existing Montessori ECD site in Namitembo that had been serving local children since 2008. April also saw Sparkle host an exhibition booth at the Dubai International Humanitarian Aid & Development Conference (DIHAD 2024), where we engaged with prospective volunteers, connected with humanitarian organizations to further expand our network, and where our CEO received her Master’s Degree in Sustainable Humanitarian Action.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

May

May was a month filled with new initiatives and collaborations. The Social Enterprise project partnered with Malawian artisans, selling handcrafted baskets and table mats at The Garden Concept in Dubai, to support their economic empowerment. In the UAE, Sparkle also celebrated the success of the Cognita x Sparkle Padel Tournament, which brought together 60 participants for a day of sportsmanship. Meanwhile, operations at the new ECD site in Namitembo made significant strides by completing teacher recruitment and introducing an upskilling programme for both the new and existing teachers, aimed at improving classroom management and learning outcomes. Additionally, Sparkle’s women’s group learned investment strategies and community practices during a transformative trip with Opportunity International’s women’s group.

June

Sparkle’s impact continued to grow in June, with a focus on mental health awareness in Malawi. In response to a rise in suicides, Sparkle launched a mental health awareness campaign funded by the Bally Foundation grant. The campaign trained 20 participants as mental health first aiders, delivered messages to over 1,000 people in Zomba using a public address system, and reached more than 400 individuals through 14 radio programmes featuring mental health experts. Its goal was to combat stigma, provide expert insights, and shift cultural perceptions to promote better mental health practices. In sports, Sparkle’s Youth Netball Team achieved third place in the Passion Centre Cup tournament, showcasing improved skills and cohesion. Additionally, a new partnership emerged as Repton Dubai, recently acquired by Cognita Schools, hosted a fundraising month for Sparkle, marking the school’s first engagement with Sparkle.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

July

As the academic year came to a close in July, Sparkle celebrated the graduation of 51 children from its ECD programmes. This marked a major milestone in the children’s educational journey, as they were prepared to begin primary school. In addition, Sparkle’s women’s group provided tailoring, soap-making, and jewellery-making training to help women start small businesses and achieve financial independence. The Foundation’s football programmes also gained momentum with a visit from coaches from SK Academy UAE, who assessed progress in Sparkle’s football project and launched a new football initiative at the Namitembo ECD site.

August

August was a dynamic month for The Sparkle Foundation. Sparkle’s USA registration was a major achievement, paving the way for expanded efforts in the United States and deeper international reach. In Malawi, August saw the completion of Sparkle’s annual vulnerability assessments to identify and support the most at-risk children, helping tailor educational, health, and nutrition programmes to those most in need. The UAE launched the Back-to-School Campaign, raising £4,660.07 for Malawi’s education programme through a travelling canvas artwork where donors marked their contribution as a symbol of support. Additionally, the Sparkle Sevens Rugby Tournament took place in the UK, featuring four men’s teams, a brunch, raffle, and social events.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

September

September marked the start of the school year for children across Malawi. Teachers completed a 14-day ECD training, and Sparkle provided Vitamin A and deworming treatments to support students' health. The first harvest from the new Sparkle Farm contributed to the nutrition programme, with surplus crops being sold to members of the community to reinvest in Sparkle’s initiatives. Sparkle also held our first school assembly at St Andrew’s International High School, who organised various activities including a bake sale to raise funds for Sparkle. Vice Chairman Mr Shaun Gause visited Malawi to learn more about Sparkle’s programmes. Meanwhile, in Dubai, the UAE team took part in speaking events at Al Batha, Repton Al Barsha, and Cognita Global Be Well Day. Volunteers joined us for the SK Bake Sale and our team also raised awareness of Sparkle at the 700 Padel event by LinkedIn. CEO Sarah Brook’s appearance on Dubai One TV further boosted awareness and attracted new supporters.

October

In October, Sparkle welcomed a team from our education partner Cognita to Malawi, where they enhanced the education programme through specialised phonics training, teacher development at the Namitembo site, and leadership training with the Education Officer. At Namitembo, the Health and Nutrition Officer conducted an outreach clinic, offering MidUpper Arm Circumference (MUAC) assessments and health evaluations for children. Sparkle’s women’s group trained women in sewing, enabling them to create napkin ties for the Sparkle Gala UAE. Additionally, Sparkle distributed loans to the women’s groups to start a spice business, sew dresses, and open thrift shops, promoting economic independence and equality. In the UAE, Year 4 students at Horizon International School showcased their entrepreneurial spirit through a bake sale to raise awareness for Sparkle.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

November

November marked the arrival of the highly anticipated Sparkle Galas, held in the UK and UAE , featuring dinners, auctions, and activations. The UAE Gala brought together 445 guests to raise £332,761 funds in donations, sponsorship and gifts in kind. With 114 guests, the UK Gala raised £32,381.66 funds, further advancing the Foundation’s mission. The 24-hour CTF cycle challenge in Dubai boosted community engagement and fundraising, with individuals, companies, and partner organisations participating to cycle up to 500km, raising awareness and funds for Sparkle. In Malawi, the Sparkle Clinic donated a portable oxygen concentrator to Matawale Health Centre, enhancing its ability to provide life-saving care and strengthening the partnership. For the second year in a row, our partner Clifford Chance organised a netball tournament at Mulunguzi Secondary School in Zomba, featuring 12 teams to empower youth and women through sports. Additionally, the women’s group received bookkeeping training from our Community Officer to improve financial management. The University of Malawi Leo’s Club, part of the Lions Club, visited Sparkle to engage with the children and explore future collaboration opportunities.

December

In December, the UAE board visited Malawi for the first time to discuss the future strategy of The Sparkle Foundation. Volunteers from SK Academy also visited Malawi to host the SK football tournament, attracting 48 male and female teams across U9, U13, U16, and U21 categories. To end the year, Sparkle held its annual Christmas Party in Malawi, bringing together children and the community to celebrate. In Dubai, Sparkle's festive campaign saw employees and volunteers visit 6 schools and 2 corporate partners, inviting donations and the creation of personalised wooden bauble decorations to represent the core pillars of the campaign. The campaign also showcased the growing social enterprise project, featuring handmade products from beneficiaries and local craftsmen in Malawi, including bags, hats, bowties, and sandals.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

3.2 The Team

The growth and success of The Sparkle Foundation in 2024 were driven by the dedication and expansion of our teams in the UAE, UK, and Malawi. Each team played a crucial role in advancing our mission and achieving the Foundation’s objectives.

In the UAE, the team expanded to meet ambitious fundraising targets and manage a growing donor and partner base in Dubai. The team drew inspiration from the CEO, who completed her Master’s degree with DIHAD, with the graduation attended by UAE royalty. Our Fundraising and Partnerships Manager was also honoured with the Inspirational Women Award from De Montfort University, Dubai. Additionally, the role of Executive Assistant to the CEO was filled, enabling the CEO to focus on strategic relationship-building.

In the UK, the team experienced a reduction in resources on the ground while the Operations Director spent six months in Malawi. During this period, the support from Civil Service Fast Streamers was vital in sustaining fundraising momentum. It also underscored the potential need for redirecting resources to the UK to bolster fundraising and partnership management efforts.

In Malawi, The Sparkle Foundation introduced several new roles in response to the increasing number of beneficiaries and the acquisition of a farm. These included a Graphic Designer, a new Operations Director, Health and Nutrition Officer, Clinicians, and an Agriculture Officer. Meanwhile, the position of Programme Manager was eliminated, with responsibilities absorbed by the new Operations Director. These changes have positively impacted the Foundation’s operations in Malawi, improving productivity, efficiency, and the quality of outputs, particularly in media and communications. This restructuring has enabled significant progress in achieving our mission.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

Looking ahead to 2025, The Sparkle Foundation plans to continue strengthening its teams across the UAE, UK, and Malawi. In the UAE, with the CEO spending more time in Malawi and the departure of the previous Operations Director, the Fundraising and Partnerships Manager will take on the role of Interim General Manager. Recruitment will focus on a Business Development Lead, Marketing Coordinator, and Admin Coordinator to support ongoing operations. In the UK, The Sparkle Foundation will continue to utilise the Fast Stream Service for project-based support roles. In Malawi, the focus will be to expand team capacity in key areas such as Monitoring and Evaluation, Health, and Media, while prioritising staff training and development. Cross-departmental collaboration will be encouraged to ensure alignment with the Foundation’s goals.

As we move into 2025, The Sparkle Foundation remains committed to adapting and growing its teams across all regions, ensuring we are well-positioned to drive lasting change and achieve our target of impacting 100,000 lives by 2030.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

3.3 International Volunteers

In 2024, The Sparkle Foundation saw a notable increase in international volunteer engagement. Over 300 volunteers dedicated their time and expertise, contributing a total of 4,115 volunteer hours, which included 510 corporate pro bono hours from our valued corporate partners. This surge in volunteer participation resulted in an average of 346 hours per month, reflecting a 70% increase from the previous year.

This rise in volunteer contributions can be attributed to Sparkle’s growing presence and visibility in the UAE, which in turn led to an increase in volunteer applications. Our corporate partners are also increasingly incorporating employee engagement into their commitments to Sparkle. The introduction of the volunteer recognition award kept volunteers engaged, by celebrating their contributions and encouraging them to strive for excellence.

The dedication of these volunteers was integral to helping Sparkle achieve key milestones in 2024. Volunteers supported various functions across the organisation, including administration, marketing, fundraising, and volunteer coordination, ensuring the smooth and effective operation of our programmes.

One of the areas where volunteers devoted the most time was the Sparkle Gala UAE, where volunteers contributed over 300 hours to enable the success of the event.

Additionally, 2024 saw a record number of interns and long-term volunteers, with 10 individuals joining Sparkle throughout the year. Their contributions spanned across various departments, further enhancing our business operations to support the Foundation’s continued growth.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

3.4 Our Volunteers and Visitors in Malawi

2024 was a landmark year for volunteer visits to Sparkle Malawi, with a record 64 volunteers supporting our programmes in Malawi. This number includes long-term Sparkle volunteers as well as corporate partners such as Al Tayer Stocks, Cognita, Soccer Kids Football Academy, Clifford Chance, QComms, and Clyde & Co. These volunteers made valuable contributions across a variety of areas, significantly enhancing the impact of our education, community, and operational programmes.

Key volunteer efforts included:

Education Programme Development: Teachers from Cognita designed and delivered teacher training as part of an ongoing teacher mentor programme, helping to improve the quality of education at our partner schools.

Sports Tournaments: Volunteers from SK Academy and Clifford Chance facilitated football and netball tournaments, promoting community engagement and providing important recreational opportunities for local communities.

Community Classes: Volunteers led community classes, including yoga and sewing, offering participants opportunities for personal well-being. Additionally, skills like sewing reusable sanitary pads offered business ideas, empowering individuals with both practical abilities and entrepreneurial potential.

Photography and Videography: Volunteers captured images and videos of our activities to support our marketing team, bolstering our communications and storytelling efforts with enhanced content.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

Legal Advice: Pro bono legal support was provided to ensure compliance with local regulations and to strengthen the Foundation’s operations.

Business and Operations Development: Volunteers contributed to the growth of our operations by offering advice on strategic business initiatives and refining operational processes.

Financial Advice: Financial experts provided support to optimise our financial management practices and ensure the sustainability of Sparkle’s initiatives.

Volunteer trips to Malawi in 2024 facilitated the successful transfer of skills across multiple areas, strengthening the Sparkle Malawi team and ensuring greater long-term sustainability of our projects. These experiences also fostered a deeper connection to Sparkle’s mission, with many volunteers returning to their home countries inspired and committed to continuing their support of the Foundation. Several volunteers have become long-term advocates, sharing their experiences and the Foundation’s vision with others.

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The Sparkle Foundation
Registered charity number: 1161708
www.thesparklefoundation.org
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4. Core Programmes

4.1 Health

In Malawi, despite the Ministry of Health offering free primary and secondary healthcare services, accessibility remains a significant challenge, especially in rural areas. The Sparkle Foundation's health programme seeks to address this gap by providing free, high-quality healthcare services through the Sparkle Clinic, which serves both beneficiaries and the wider community. The clinic treats a wide range of medical conditions and regularly conducts nutrition assessments for all enrolled children.

Originally established to provide primary healthcare to children under five and then the community from the local surrounding villages, the Sparkle Clinic has since expanded its services to a broader patient base, attracting individuals from areas beyond its original catchment. This growth is a testament to the clinic's reputation for delivering excellent care. Currently, the clinic serves over 17-20 villages in the Traditional Authority (T/A) Mwambo, Zomba. The average number of outpatient visits increased from 30 per day in the first half of the year to 70 per day in the second half of the year. By accommodating more patients, the Sparkle Clinic plays a key role in easing the patient load at the government-run Matawale Health Centre.

To meet the growing patient demand, the clinic has significantly expanded its staffing. In addition to the existing Sparkle Nurse, new roles have been introduced, including a clinician, a patient attendant, and a Health and Nutrition Officer. This expansion helps distribute clinic duties more effectively and ensures comprehensive care for all patients.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

A recent meeting with the Ministry of Health, represented by Matawale Health Centre, underscored the Ministry’s satisfaction with the Sparkle Clinic's rapid growth and impact. In recognition of this success, the Ministry has committed to ongoing support, including the provision of essential medical supplies. This partnership is vital for The Sparkle Foundation’s continued efforts to strengthen Malawi's health sector, alleviate the burden on government facilities in Zomba, and improve access to healthcare services for those who need it the most.

Clinic Outcomes

In 2024, The Sparkle Foundation’s health programme reached several significant milestones, contributing to improved healthcare access and outcomes within the community:

All beneficiaries received free treatment at the Sparkle Clinic, conveniently located within their own community, ensuring accessible healthcare.

The clinic facilitated 9,858 visits and treated 11,006 conditions in 2024, reflecting its growing capacity to meet the community's healthcare needs.

104 children received immunisations, including Vitamin A.

Our ambulance services were utilised 71 times for medical transport, playing a vital role in reducing preventable deaths, particularly among children in the community.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

Challenges

While significant progress has been made, there are still several challenges in delivering comprehensive healthcare:

Drug shortages continue to limit the availability of essential medications, affecting the clinic’s ability to provide full treatment.

The clinic requires additional medical equipment to support its expanded services and maintain its high standard of care.

Plans for 2025

In 2025, The Sparkle Foundation aims to further enhance both the reach and quality of its healthcare services. Key initiatives include:

Expanding mobile clinic services to the Namitembo site, extending medical support to vulnerable populations.

Implementing community sensitisation programmes to raise awareness about health issues and promote preventive healthcare, which will reduce the demand for medical consultations.

Actively participating in all Ministry of Health activities, strengthening our collaboration with the government and supporting national health initiatives.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

The Sparkle Foundation remains committed to improving healthcare access and outcomes for underserved communities in Malawi, with plans to further expand and deepen its impact in the coming year.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

4.2 Nutrition

Malawi faces significant challenges with malnutrition, particularly among children under five. By August 2024, there had been a 43% increase in severe malnutrition, an 83% rise in moderate malnutrition, and an 18% increase in child admissions to government nutrition programmes compared to 2023. The decline in food production and increased cost of living has exacerbated hunger, directly impacting families and children's nutrition.

The Feeding Programme: In partnership with the Malawi Ministry of Health's nutrition department, The Sparkle Foundation addresses these challenges through its Feeding Programme. The initiative focuses on underserved populations, especially children at the Sparkle main site and Namitembo, providing them with balanced meals. We collaborate with organisations such as Mary’s Meals to ensure the efficient distribution of food, including providing porridge flour to our sites.

In 2024, the programme served 101,606 breakfast and lunch meals, making a significant impact by improving nutrition, enhancing health, and fostering better development for children. With better nutrition, there has been a reduction in disease prevalence due to stronger immunity. Additionally, we have maintained high levels of school attendance, as children now have the energy to focus on their studies. This has led to stronger community engagement and improved academic performance, creating a positive cycle of growth.

Nutrition Assessment: Quarterly nutrition assessments are conducted for all enrolled children, collecting data on weight, height, and Mid-Upper Arm Circumference (MUAC). In collaboration with the Ministry of Health, we identify malnourished children and refer them for treatment. One child has been enrolled in a government nutrition programme following a referral in 2024.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

Food Preparation: Food preparation at Sparkle relies on firewood, which beneficiaries bring daily. With support from Mary’s Meals, the Foundation has received a stove that reduces firewood consumption and makes the cooking process more financially sustainable compared to electricity.

The Sparkle Farm: In January 2024, The Sparkle Foundation established the Sparkle Farm, funded by the Gulf for Good grant, to support the Feeding Programme. Located in Sakata, Zomba District, the farm spans 1.8 hectares, with three irrigated plots and 1.5 hectares of rainfed maize production. The farm contributes fresh vegetables to the programme and aims for long-term sustainability through surplus sales.

The farm began by recruiting a Farm Manager, conducting soil tests, and planting trees to improve soil health. Essential equipment such as hoes and watering cans were procured, and support was secured from the Zomba District Development Executive Committee.

Since its establishment, the farm has produced crops such as leafy vegetables, tomatoes, onions, and maize. A portion of the harvest is allocated to the Feeding Programme, while surplus produce is sold from the farm to members of the community to help sustain the farm.

Based on its contributions, the farm has demonstrated the ability to reduce costs and ensure consistency and reliability for the feeding programme. If operated at full capacity, it also has the potential to generate income through surplus sales.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

Challenges

The Nutrition Department continues to face several challenges, including:

Limited cooking materials (e.g. insufficient pots).

Inadequate food storage (lack of refrigerators).

Pest and disease attacks, particularly affecting cabbage and broccoli.

Limited access to water from wells is limiting crop yields and emphasising the need for better irrigation systems.

Future Plans for 2025

In 2025, The Sparkle Foundation plans to enhance its nutrition programme by:

Training kitchen staff in balanced diet preparation.

Exploring sustainable cooking energy sources beyond firewood.

Optimising farm produce usage and focusing on crop diversification.

Integrating chicken farming to provide protein and generate additional income.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

Implementing greenhouse farming to ensure year-round production.

Installing a solar-powered irrigation system to address water scarcity.

These initiatives will help ensure the programme's sustainability and provide consistent, nutritious food for our beneficiaries.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

4.3 Education

Education is a core pillar of The Sparkle Foundation, and we remain committed to delivering high-quality learning experiences through our preschool and after school programmes. In 2024, Sparkle expanded its educational reach by opening the Namitembo ECD Centre in Zomba District. This brought the total number of sites to three: the main site, Namitembo, and Mulunguzi in partnership with Passion Center. This expansion reflects Sparkle’s growing success and responsibility, serving 427 learners across preschool and primary after-school programmes, while delivering approximately 182,360 hours of learning throughout the year.

Preschool Early Childhood Development Programme: Sparkle’s ECD programme combines the Montessori approach with the Malawi National ECD curriculum to ensure children aged 2.5 to 6 years reach key developmental milestones. With highly trained educators, our preschool students show significant improvement in cognitive and motor skills compared to their peers, laying a strong foundation for future education.

Primary After-School Programme: The primary after-school programme offers academic support to children aged 7 to 14 in a less crowded environment than most government schools. It also includes extracurricular activities such as arts, crafts, sports, and spelling bees, enriching the students’ educational experience and supporting holistic development.

Adult Literacy Programme: Sparkle also addresses adult illiteracy through a dedicated programme aimed at helping parents develop reading and writing skills. This initiative empowers parents to assist their children with homework, providing additional support for their children's overall educational development.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

Achievements in 2024

Teacher Professional Development: With help from Cognita, Sparkle supported staff training across key areas, including Early Childhood Development, Phonics, Behaviour Management, Microsoft Office, and creating interactive learning environments.

ECD Graduations: 51 children graduated from the ECD programme, progressing to primary education (19 from the main site, 17 from Namitembo, and 15 from Mulunguzi).

Increased Pass Rate: The pass rate at the main site rose from 85% to 90%, demonstrating Sparkle’s commitment to academic excellence.

High Pass Rate at Mulunguzi: The Mulunguzi ECD Centre achieved a 96% pass rate.

Preschool Assessments: 99 out of 100 children at the main site successfully completed their end-of-term assessments.

Teacher-to-Pupil Ratio: The teacher-to-pupil ratio was 1:28, significantly lower than the governmentrecommended 1:50, enabling more personalised attention for each student.

Vulnerability Assessment & Enrolment: Following a vulnerability assessment, 173 new children were enrolled across the three sites, ensuring targeted educational support.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

Stronger Partnerships: Sparkle strengthened its collaboration with Chikamveka Primary School to track the progress of primary school children. Additionally, teachers from Cognita Schools visited twice from Dubai to support Sparkle’s phonics and professional development programmes.

Improved Attendance: Partnerships with the community and Monitoring and Evaluation Officers led to improved attendance rates through follow-ups addressing absenteeism.

Reduced Repetition Rate: Sparkle’s ECD programmes at Zomba and Mulunguzi reduced the repetition rate from 13% in 2023 to 7% in 2024, demonstrating the effectiveness of our approach in providing a solid educational foundation and supporting student progression.

Future Plans for 2025

In 2025, Sparkle plans to further enhance its education programme through several key initiatives:

New Curriculum: A new curriculum developed in collaboration with Cognita will be introduced, focusing on playbased learning. The pilot phase will begin in February and teachers will undergo specialised training to effectively implement this curriculum.

Training and Development: Teachers at Namitembo will participate in online training sessions, while educators at the main site will provide ongoing professional development to support their colleagues at Namitembo.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

Special Educational Needs: Sparkle aims to provide specialised training to enable teachers in identifying and supporting students with special educational needs.

These efforts will ensure Sparkle continues to provide high-quality, inclusive education to all learners, preparing them for a brighter future.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

4.4 Community

At The Sparkle Foundation, community engagement is central to our mission. We work closely with local stakeholders, including village chiefs, community committees, and grassroots groups, to promote development, reduce poverty, and improve livelihoods. In 2024, our initiatives had significant impacts across various sectors.

Youth Group Development: The Sparkle youth group, with 63 members, held 42 sessions focusing on soft skills and socio-economic empowerment. A key achievement was their collaboration with Operation Smile Malawi, where they performed a self-created drama at a patient shelter in Zomba. The group also received mental health training to become mental health first aiders for psychosocial support. They also participated in a talent show at the Passion Centre, winning a Bible for their performance in the first round.

Mental Health First Aid Training: In May, Sparkle hosted a three-day Mental Health First Aid training, equipping programme champions and community members with the tools to identify and address mental health challenges. The training included role-playing scenarios to respond to various issues, teaching participants how to create safe, non-judgemental spaces and connect individuals to professional services.

Maize Seed Distribution: To enhance food security, Sparkle distributed 200 kg drought-resistant, high-yielding maize seeds across 18 villages in T/A Mwambo, particularly benefiting vulnerable households led by women and the elderly.

Skills Training and Loan Schemes: Sparkle conducted skills training in tailoring, jewellery making, and soap making for 37 women. In October, a loan scheme was launched, where Sparkle provided £50 to groups to start small businesses, such as spice-selling and tailoring. These ventures support women’s financial independence and sustainable livelihoods.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

The 2024 Village Savings and Loans (VSL) groups also provided valuable savings opportunities for 59 women, allowing them to pool savings, take loans, and earn interest. Despite inflation limiting savings growth, the VSL offered better financial returns than traditional banks. Meanwhile, weekly group meetings fostered both financial and emotional support, creating a space for collective growth and the sharing of everyday challenges.

Community Committee Member Training: The community committee organised three training sessions on organic manure making, health education (focusing on high blood pressure and diabetes), and mental health support. Following these sessions, committee members conducted outreach at village meetings and church gatherings, sharing vital knowledge and promoting healthier communities.

Sports Initiatives

Sports were a key component of Sparkle’s community engagement efforts, engaging over 2,000 youth participants across all its sports programmes in 2024. Sports serve as a key vehicle for youth empowerment, health promotion, and community engagement. Key achievements for 2024 include:

Sparkle hosted a netball tournament featuring 12 teams and a football tournament with 48 teams.

115 football and 43 netball friendly matches fostered camaraderie among local teams.

The under-16 boys' football team excelled in the Zomba District Youth League, contributing six players to the Zomba District Select team, while the goalkeeper was nominated for the U17 national team.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

The Namitembo Sports Site opened in July, providing a community hub for football, aiming to serve over 200 youth annually.

Female participation in sports reached 40%, thanks to targeted outreach and girls-only training sessions.

Over 600 young athletes took part in regular training, and 10 coaches participated in Continued Professional Development (CPD) workshops.

Surveys revealed a 20% improvement in self-reported physical fitness and a 15% reduction in stress levels among regular participants.

Future Plans for 2025

In 2025, Sparkle will focus on expanding community programmes with the following key plans:

Namitembo Expansion: Introducing a women’s group and additional community activities at the Namitembo site.

Loan Scheme Growth: Increasing funding to support more small businesses and promote financial independence.

Skills Training: By acquiring additional sewing machines and introducing basket weaving and bag-making skills, Sparkle helped to boost women’s productivity and profitability, while also supporting Sparkle’s social enterprise. The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

Sports Expansion: Expanding the sports programme to new locations, increasing female participation, strengthening community outreach and mentorship initiatives, and introducing new sports activities like volleyball or basketball.

These initiatives will contribute to the long-term development of the community, fostering empowerment and creating new opportunities for local residents.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

4.5 The Fuel Crisis

In 2024, Malawi faced a severe fuel crisis that significantly impacted daily life and essential services. Beginning in mid-October 2024, the crisis persisted through the end of the year. Petroleum retailers operated at as low as 30% of their normal capacity, with petrol stations receiving fuel deliveries as infrequently as once a week. This shortage, worsened by a lack of foreign exchange and surges in illegal fuel vending, disrupted transportation, limited essential services, and created new challenges for NGOs like The Sparkle Foundation. The scarcity of fuel posed difficulties for the Foundation, which relies on consistent access to fuel for transportation and logistical support.

To navigate these challenges, The Sparkle Foundation optimised transport schedules, consolidated resource distribution trips, and sourced fuel from reliable and legal suppliers to maintain critical services.

The crisis highlighted the need for long-term solutions at the government level in Malawi, including stabilising the fuel supply chain and strengthening foreign exchange reserves to prevent future shortages. For Sparkle, the crisis underscored the importance of flexibility, resilience, and community support in overcoming this challenge. The Sparkle Foundation remained committed to adapting its strategies and advocating for sustainable solutions to ensure essential services continued to reach vulnerable communities.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

4.6 Monitoring and Evaluation (M&E) of Sparkle Foundation Programmes

The Sparkle Foundation’s four main programmes - Health, Nutrition, Community and Education - have clearly set goals and objectives which are regularly evaluated. KPIs have been established to measure progress toward achieving these goals in the M&E Framework. These include quantitative metrics such as number of patients treated, as well as qualitative indicators such as improved quality of life.

Data is regularly collected using JotForm to track progress against established KPIs. This includes the collection of baseline data for comparison, routine and non-routine data collection, and surveys. Collected data is analysed in Excel to assess the effectiveness and impact of The Sparkle Foundation’s programmes. This analysis helps to identify strengths, weaknesses, and areas for improvement.

Findings from the M&E process are compiled into reports that are shared with stakeholders including donors, programme staff, and beneficiaries. These reports provide insight into programme achievements and areas needing attention.

Based on these findings, The Sparkle Foundation may implement improvements and adjust programme activities to ensure we are able to better achieve goals across our programmes. Continuous feedback loops help us to ensure that programmes remain responsive to changing needs and circumstances.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

5. Fundraising

5.1 Performance of Fundraising Activities Against Objectives Set for the 2024 Financial Year

Following an incredibly successful 2023, The Sparkle Foundation faced the challenge of maintaining the same level of momentum in 2024. Fundraising in the UAE remained key to our efforts, with strong engagement from our partners and supporters. General fundraising licences in the UAE enabled us to encourage schools, companies, and individuals to fundraise for us throughout the year, and the UAE Gala not only achieved its fundraising target of 1.5 million AED in sponsorships and donations (financial and gifts in kind) but also helped us expand our network significantly.

A major highlight of the year was the launch of our social enterprise, selling Malawian artisanal merchandise. This initiative has already generated £4037.61 in sales and £3100.18 in profit, providing hope for a sustainable income stream for Sparkle. Not only does this create a new revenue source, but it also supports local communities in Malawi, staying true to our values of empowerment and self-sufficiency. As we continue to explore e-commerce and other avenues to sell these items, the potential for long-term sustainability is promising.

In-kind donations also proved vital, meeting many of the critical needs of our programmes in Malawi. However, fundraising in the UK continued to be challenging due to the economic climate and donor fatigue across the sector. While the Sparkle Sevens and UK Gala were less successful than hoped, they were held in new venues, helping us explore opportunities to engage with different communities.

Looking ahead to 2025, our primary fundraising focus will remain in the UAE, where we see the greatest potential for growth and support. At the same time, we are committed to working closely with our partner schools in the UK to maintain our presence and engagement there. With our recent registration in the USA, we are now eligible for grants and aim to ignite fundraising efforts in this new region, creating another exciting avenue for growth in the coming The Sparkle Foundation year.

Registered charity number: 1161708 www.thesparklefoundation.org

5.2 Main Achievements against Objectives Set for the 2024 Financial Year

Key achievements in 2024:

Launch of Tiwale, social enterprise

Successful UAE Gala, raising £332,761 in sponsorship and donations (financial and gifts in kind) Recruiting a dedicated Grants Officer who won a grant of £2,000
Greater school engagement, resulting in more funds and awareness being raised

Income breakdown for 2024 Income received by The Sparkle Foundation

----- Start of picture text -----
£493,569
500,000
400,000
300,000
£207,895
200,000
£150,645
100,000
0
Donations and Gifts Grants Donations from Events
----- End of picture text -----

----- Start of picture text -----
Donations and Gifts Grants
24.4% 17.7%
Donations from Events
57.9%
----- End of picture text -----

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

6. Financial Review

6.1 Charity’s Financial Position at the 2024 Financial Year End

2024 saw a record year for income generated, exceeding the £500,000 threshold for the second time. This is primarily due to the success of large-scale fundraising events, including the UAE and UK Gala Events, as well as an increasing focus on generating UAE based income. Therefore, this is the sixth year the charity has prepared its financial statements in accordance with the Charity SORP.

The summary of results for the year are shown in the Statement of Financial Activities. The charity received income in the year totalling £851K (2023: £740K). The charity incurred expenditure totalling £707K (2023: £584K), which resulted in a net increase in funds for the year of £144K (2023: increase of £156K).

The Sparkle Foundation is registered under Dubai Humanitarian. There are strict regulatory requirements that must be adhered to by the organisation when operating under Dubai Humanitarian, and are independently audited by Grant Thornton, UAE.

At the year end, the charity had reserves totalling over £667K (2023: £523K).

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

6.2 Charity’s Principle Source of Funds

The Sparkle Foundation’s principal source of funds include corporate, school partnerships and individual donors.

6.3 Reserves Policy and Going Concern

All charities are required to consider how much they need to hold in reserves. The level of reserves will vary depending on the scale and nature of the charity’s activities. The trustees carry out a risk-based analysis in arriving at the level of reserves needed to protect against these unforeseen events. This risk-based analysis looks at the amount of reserves that would be needed if there were a significant fall in income and in light of the continued volatility of the Malawian Kwacha, the charity aims to keep at least six months running costs in reserve at any point in time. The reserves totalled £667,595 as of 31st December 2024.

In light of The Sparkle Foundation's expansion plans, which include purchasing 4 hectares of land to establish new sites in Malawi, the organisation anticipates significant expenditures in the upcoming year. Additionally, the impact of the Fuel Crisis has caused delays in several projects, necessitating the deferment of certain initiatives to 2025. Consequently, to accommodate the increased project load and ensure financial stability, we have allocated higher reserve funds to be carried over into the next fiscal year.

The trustees have reviewed the circumstances of The Sparkle Foundation and its company under the control of this charity, in Malawi, and consider that adequate resources continue to be available to fund the activities of the charity and its company in Malawi for the foreseeable future. The trustees are of the view that The Sparkle Foundation is a going concern.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

The Sparkle Foundation Income vs Expenditure throughout the

Income

years

Expenditure

----- Start of picture text -----
£1000k
£800k
£600k
£400k
£200k
£0k
2016 2017 2018 2019 2020 2021 2022 2023 2024
The Sparkle Foundation
Registered charity number: 1161708
www.thesparklefoundation.org
----- End of picture text -----

6.4 Principal Risks, Uncertainties and Mitigating Actions

6.4.1 Staff Recruitment and Retention

Our dedication to long-term employment, despite the allure of larger organisations with competitive packages and bonuses tied to short-term grant-based contracts, creates unique challenges for staff retention in Malawi. Both in the UAE and the UK, attracting the right talent proves difficult, as we cannot offer competitive corporate salaries. Instead, we rely on the goodwill of those who share our passion or value factors beyond financial gain. However, our ambitious growth plans necessitate a certain calibre of individuals dedicated to giving their all.

Faced with a global rise in inflation, we have made necessary salary adjustments to ensure our staff can cope with the rising cost of living, leading to a surge in our overall running costs. Striking the balance between sustaining our vital work and keeping costs low is essential. The charity sector often faces scrutiny over administrative expenses, motivating us to minimise salaries wherever possible. However, the delicate equilibrium is challenging, as we recognise the importance of having the right people to facilitate our growth.

To mitigate this risk, our aim is to navigate these complexities carefully. We are committed to addressing financial challenges that may arise without resorting to staff reductions, emphasising prudent financial management. Quarterly financial meetings are crucial to ensure our sustainability, as we navigate the UK cost of living crisis, inflation and reduced charitable giving, all while maintaining our essential work.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

6.4.2 Devaluation of the Kwacha

One of the pressing challenges we continued to face this year was the devaluation of the Kwacha, the national currency of Malawi. This economic setback has sent ripples through the communities we serve, affecting the purchasing power of families, access to necessities, and the overall well-being of the most vulnerable. Families are grappling with increased financial strain, making it more difficult to secure essentials like food, healthcare, and education for their children.

The Sparkle Foundation is mitigating the risk of the Kwacha devaluation by leveraging its fundraising in stronger currencies like pounds and dirhams. This strategy ensures that even with the devaluation, the purchasing power of the funds remains robust. Additionally, we are ensuring we continuously keep abreast of the political situation and market trends in Malawi, allowing for effective financial forecasting and planning to navigate the economic challenges posed by the devaluation.

6.4.3 Funding

The Sparkle Foundation faces a unique challenge in funding, with a significant proportion of our income generated through the personal contacts of our CEO. While this has been instrumental in our growth, the increasing size and scope of our operations highlight the need for diversification. As our charity expands, relying solely on one person's network for fundraising becomes increasingly unsustainable. Our fundraising efforts must be shared across a broader spectrum of supporters. The nature of our financial health has also proven to be a double-edged sword. While our solid position has been the result of tireless efforts to achieve sustainability and growth, it has somewhat limited our chances of winning certain grants.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

Many grant providers lean towards aiding organisations in more challenging financial circumstances, leading to missed opportunities that could help us expand our impact. Moving forward, we recognise the necessity of developing additional income streams to mitigate this risk that are not excessively administrative, allowing us to sustainably advance our mission. We aim to strike a balance between our hard-won stability and the imperative to explore new funding avenues, ensuring that our growth continues and our vital work flourishes.

6.4.4 Lack of Understanding of Operational Needs

The lack of understanding in the charity sector extends to perceptions surrounding our strategic move to Dubai, causing reservations and occasional challenges in navigating our split operations between the UK and UAE. While our presence in Dubai has enabled us to accomplish remarkable achievements, often with strong support from partners, there's a misconception that we are financially secure and no longer need donations. This assumption leads some supporters to believe that their continued funding is less crucial, especially when many of our donors tend to be one-off contributors rather than long-term supporters. This misunderstanding poses a challenge as we strive to maintain consistent funding, making it imperative that we bridge this gap in perception. It's vital to highlight that while we are accomplishing great things, sustainable growth and continued impact still depend on the ongoing generosity of our donors, especially as we are trying to be a pioneer within the sector and run Sparkle like a business rather than a charity to ensure operational success.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

7. Future Plans

Growth in Malawi: In 2025, we will purchase 4 hectares of land to impact 30,000 lives. This expansion will enable us to establish new sites offering programmes such as ECD, sports, and primary education, thereby reaching more individuals and providing essential services. Looking ahead, our goal for 2030 is to impact 100,000 lives, significantly expanding our reach.

Operational Growth: To streamline operations and enhance programme delivery, we will explore AI-driven solutions in 2025. Additionally, we plan to open more offices in Malawi and recruit a Country Director to oversee operations and expansion.

Positioning as a Specialist in Operational Delivery: In partnership with Cognita School Group, we plan to implement a new curriculum tailored to Malawi, to improve education quality, aiming for recognition by the Ministry of Education. Sparkle will leverage its operational expertise while partnering with larger organisations for infrastructure support.

International Expansion: In 2026, we plan to launch a £10,000 pilot project in Ghana, which aims to impact 5,000 lives. Our goal is to become the preferred provider for international NGOs in Africa, utilising our expertise and our best-practice holistic model to implement sustainable and impactful projects across Africa.

Financial Sustainability: To ensure sustainable funding, we aim to secure 50% of our donations from regular monthly and corporate partners in 2025. Additionally, we will intensify our international fundraising efforts, particularly in the US, to diversify our funding sources and support our ambitious expansion plans. Plans to expand income-generating activities, such as the Sparkle Farm and Social Enterprise, will also support financial sustainability.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

8. Structure, Governance and Management 8.1 Organisational Management

The Sparkle Foundation is a Charitable Incorporated Organisation. The charity’s model constitution was adopted on the 18 May 2015. .

Organisation Chart

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

8.2 Appointment and Recruitment of Trustees

When vacancies occur, trustees are recruited using a widespread recruitment campaign, or in response to an approach by an interested party. They are interviewed by the UK Chair, or at least one other trustee and the CEO. If they are suitable, and have the right breadth of skills and experience, they will attend a Board meeting and will then join the board if they, and the rest of the Board, agree.

With respect to their training and induction, new trustees are supplied with a comprehensive induction pack and meetings with the CEO and the Chair before their arrival. Trustees elect a Chair from the current serving trustees. The term of office for each position is 2 years. Mr Neville Prior is the current Chair and was unanimously selected as the Chair in 2020, and re-elected in 2022 and 2024.

8.3 Pay and Remuneration

The UK Board of The Sparkle Foundation considers the pay and terms and conditions of the key management personnel. Pay is benchmarked by individual posts against roles in similar organisations through an external benchmarking process. None of the trustees receive remuneration or other benefits from their work with the charity. The Sparkle Foundation requires trustees and senior managers to declare any interests that they may have outside of the charity. Transactions and contractual relationships with related parties must be disclosed.

On the 11 January 2018, the charity set up a new company, limited by guarantee, in Malawi, under their Companies Act, No. 15 of 2013. The name of the company is The Sparkle Foundation Malawi. Some of the trustees are members of this company and this company is under the control of this charity. Setting up this company in Malawi was necessary to comply with local legislation.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

All transactions undertaken in Malawi are recorded within the accounts of that company. This has meant that these accounts for The Sparkle Foundation in the UK show transactions undertaken by this charity and do not include the transactions undertaken in Malawi. Transfers are made monthly from the UK to Malawi and are therefore shown as charitable donations in this company’s accounts and are shown as income in the accounts for the company in Malawi, which it then utilises for the objectives of this charity.

Since the movement of our operational outputs from the UK to the UAE in 2023, operational expenditure has moved from the UK to the UAE account to fund in-country operational costs.

8.4 Risk Assessment and Management

The Trustees are aware of the major strategic, business, and operational risks that The Sparkle Foundation faces and are of the opinion that there are systems in place to minimise any perceived risks. The Sparkle Foundation has an organisational risk register which is maintained and regularly reviewed by senior managers, and risks are discussed and addressed at monthly risk meetings with trustees.

The Sparkle Foundation also has a serious incident reporting process in place, which enables any employee to submit a JotForm on serious risks which may affect business-as-usual operations. Once submitted, an internal investigation is conducted by senior management to address the risk.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

The trustees’ annual report, which includes the trustees report, has been approved by the trustees on

_17/09/2025__ Date

and signed on their behalf by:

_____ _______ Neville Prior Martin Waud Chair Treasurer

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

9. Independent Examiner’s Report to the Trustees of the Sparkle Foundation

I report to the trustees on my examination of the financial statements of The Sparkle Foundation (‘the charity’) for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet and related notes. This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.

9.1 Responsibilities and Basis for the Report

As the trustees of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit go beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the financial statements present a ‘true and fair’ view, and my report is limited to those specific matters set out in the independent examiner’s statement.

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

9.2 Independent Examiner’s Statement

Since the CIO’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants of England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

➢ accounting records were not kept in respect of the charity as required by section 130 of the Act; or ➢ the financial statements do not accord with those records; or

➢ the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Sean Rowe ACA

Member of ICAEW

Unit 9, Hill Farm

Ford End

CM3 1LH

The Sparkle Foundation

Registered charity number: 1161708 www.thesparklefoundation.org

10. Statement of Financial Activities

The Sparkle Foundation	The Sparkle Foundation		Charity No	Charity No	1161708
			Company No
	Annual accounts for the				period
Period start date		01/01/2024	To		Period end date	31/12/2024
Section A Statement of financial activities (including summary income and
expenditure account)
Recommended categories by activity	Guidance Note	Unrestricted funds £	Restricted income funds £		Endowment funds £	Total funds £	Prior year funds £
Income (Note 3)		F01	F02		F03	F04	F05
Income and endowments from:
Donations and legacies	S01	639,992	97,850		-	737,842	631,708
Charitable activities	S02	-		-	-	-	-
Other trading activities	S03	-		-	-	-	-
Investments	S04	-		-	-	-	-
Separate material item of income Other	S05	45,707	68,560		-	114,267	108,517
	S06	-		-	-	-	-
*Total*	S07	685,699	166,410		-	852,109	740,225
Expenditure (Notes 6)
Expenditure on:
Raising funds	S08	74,206		-	-	74,206	41,755
Charitable activities	S09	460,459	166,410		-	626,869	533,443
Separate material expense item	S10
Other	S11	6,800		-	-	6,800	8,918
*Total*	S12	541,465	166,410		-	707,875	584,116
Net income/(expenditure) before tax for the
reporting period Tax payable	S13 S14	144,234 -		- -	- -	144,234 -	156,109 -
Net income/(expenditure) after tax before
investment gains/losses Net gains/(losses) on investments	S15 S16	144,234 -		- -	- -	144,234 -	156,109 -
Net income/(expenditure)	S17	144,234		-	-	144,234	156,109
Extraordinary items	S18	-		-	-	-
Transfers between funds	S19	-		-	-	-	-
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets
for the charity’s own use	S20	-		-	-	-	-
Other gains/(losses)	S21	-		-	-	-	-
Net movement in funds	S22	144,234		-	-	144,234	156,109
Reconciliation of funds:
Total funds brought forward	S23	498,611	24,750		-	523,361	367,252
*Total funds carried forward*	S24	667,595		-	-	667,595	523,361

The Sparkle Foundation Charity No 1161708 Company No

			Guidance Note	Unrestricted funds	Restricted income funds	Endowment funds	Total this year	Total last year
				£	£	£	£	£
Fixed assets				F01	F02	F03	F04	F05
Intangible assets		(Note 15)	B01	-	-	-	-	-
Tangible assets		(Note 14)	B02	2,122	-	-	2,122	1,627
Heritage assets		(Note 16)	B03	-	-	-	-	-
Investments		(Note 17)	B04	-	-	-	-	-
*Total fixed assets*			B05	2,122	-	-	2,122	1,627
Current assets		(Note 18)	B06	-	-	-	-	-
Stocks Debtors		(Note 19)	B07	191,885	-	-	-	191,885
Investments		(Note 24)	B08	-	-	-	-	-
Cash at bank and in hand		(Note 17.4)	B09	473,587	-	-	473,587	530,325
*Total current assets*			B10	665,472	-	-	665,472	530,325
Creditors: amounts falling		due within
one year		(Note 20)	B11		-	-	-	8,591
*Net current assets/(liabilities)*			B12	665,472	-	-	665,472	521,734

*Total assets less current liabilities*			B13	667,594	-	-	667,594	523,361

Creditors: amounts falling		due after one
year		(Note 20)	B14	-	-	-	-	-
Provisions for liabilities			B15	-	-	-	-	-

*Total net assets or liabilities*			B16	667,594	-	-	667,594	523,361
Funds of the Charity
Endowment funds (Note	27)		B17 B18	-	-	-	-
Restricted income funds	(Note		B19 B20	-	-	-	-	24,750
Unrestricted funds	27)		B21	667,594	-	-	667,594	498,661
Revaluation reserve			B22	-	-	-	-	-
Fair value reserve				-	-	-	-	-
		*Total funds*		667,594	-	-	667,594	523,361

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

Signed by one or two trustees/directors on behalf of all the trustees/directors

Print Date of approval Name dd/mm/yyyy

	Signature	Date dd/mm/yyyy
Signature of director authenticating accounts being sent
to Companies House
		Print name

Notes to the accounts

11. Notes to the Accounts

Section C

Note 1 Basis of preparation

This section should be completed by all charities.

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities preparing
• and with* their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS
• and with* 102)
and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*

-Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that The charity has sufficient reserves and has continued to generate funds during support the conclusion that the charity is a and since the year end, to enable it to meet its charitable activities for the going concern; foreseeable future, despite the impact of COVID-19 on the global economy. Therefore the Trustees believe the charity is a going concern.

Disclosure of any uncertainties that make the going concern assumption doubtful;

Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }.

Yes * -Tick as appropriate No

Please disclose:

(i) the nature of the change in accounting policy;

(ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and

(iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS102 SORP.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).

Yes No * -Tick as appropriate

Please disclose:

----- Start of picture text -----
(i) the nature of any changes;
(ii) the effect of the change on income and expense or assets and
liabilities for the current period; and
(iii) where practicable, the effect of the change in one or more future
periods.
----- End of picture text -----

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS102 SORP).

----- Start of picture text -----
Yes
No * -Tick as appropriate
Please disclose:
(i) the nature of the prior period error;
(ii) for each prior period presented in the accounts, the amount of the
correction for each account line item affected; and
(iii) the amount of the correction at the beginning of the earliest prior
period presented in the accounts.
----- End of picture text -----

Section C

Notes to the accounts

(cont)

Note 2

Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE

Please provide a description of the nature of each change in accounting policy

Reconciliation of funds per previous GAAP to funds determined under FRS 102

End of Start of period £ period £

Fund balances as previously stated Adjustments :

Fund balance as restated

Reconciliation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102

End of £

Net income/(expenditure) as previously stated

Adjustments :

Previous period net income/(expenditure) as restated

	Section C Notes to the accounts	Section C Notes to the accounts	(cont)	(cont)
Note 2	Accounting policies
Recognition of 2.2 INCOME		These are included in the Statement of Financial Activities (SoFA) when:	Yes*			No*	N/a*
income		• the charity becomes entitled to the resources; it is more
		• likely than not that the trustees will receive the resources;
		• the monetary value can be measured with sufficient
		reliability.		Yes*		No*	N/a*
Offsetting		There has been no offsetting of assets and liabilities, or income and
		expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
			Yes*			No*	N/a*
Grants and donations		Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
			Yes*			No*	N/a*
		In the case of performance related grants, income must only be recognised to
		the extent that the charity has provided the specified goods or services as
		entitlement to the grant only occurs when the performance related conditions
		are met (5.16 FRS 102 SORP).
			Yes*			No*	N/a*
Legacies		Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control
		of the charity or have been met.	Yes*		No*		N/a*
Government grants		The charity has received government grants in the reporting period
		Gift Aid receivable is included in income when there is a valid declaration from	Yes*			No*	N/a*
Tax reclaims on		the donor. Any Gift Aid amount recovered on a donation is considered to be part
donations and gifts		of that gift and is treated as an addition to the same fund as the initial donation
		unless the donor or the terms of the appeal have specified otherwise.
			Yes*		No*		N/a*
Contractual income and performance related grants		This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions.
			Yes*			No*	N/a*
Donated goods		Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.
		The cost of any stock of goods donated for distribution to beneficiaries is deemed		Yes*		No*	N/a*
		to be the fair value of those gifts at the time of their receipt and they are
		recognised on receipt. In the reporting period in which the stocks are distributed,
		they are recognised as an expense at the carrying amount of the stocks at
		distribution.
		Donated goods for resale are measured at fair value on initial recognition, which is		Yes*		No*	N/a*
		the expected proceeds from sale less the expected costs of sale, and recognised in
		'Income from other trading activities' with the corresponding stock recognised in
		the balance sheet. On its sale the value of stock is charged against 'Income from
		other trading activities' and the proceeds from sale are also recognised as 'Income
		from other trading activities'.		Yes*		No*	N/a*
		Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable.
				Yes*		No*	N/a*
		Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.
			Yes*			No*	N/a*
Donated services		Donated services and facilities are included in the SOFA when received at the
and facilities		value of the gift to the charity provided the value of the gift can be measured reliably.
		Dtd i d filiti tht d iditl id	Yes*			No*	N/a*

Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.

			Yes*	No*	N/a*
Support	The charity has incurred expenditure on
costs	support costs.		Yes*	No*	N/a*
Volunteer help	The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
Income from			Yes*	No*	N/a*
interest, royalties and dividends	This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
Income from	Membership subscriptions received in the nature of a gift are recognised in		Yes*	No*	N/a*
membership subscriptions	Donations and Legacies. Membership subscriptions which gives a member the right to buy services or		Yes*	No*	N/a*
	other benefits are recognised as income earned from the provision of goods
	and services as income from charitable activities.
Settlement of	Insurance claims are only included in the SoFA when the general income		Yes*	No*	N/a*
insurance claims	recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as
	an item of other income in the SoFA.
Investment gains	This includes any realised or unrealised gains or losses on the sale of	Yes*		No*	N/a*
and losses	investments and any gain or loss resulting from revaluing investments to
	market value at the end of the year.
2.3 EXPENDITURE AND	LIABILITIES
Liability recognition	Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and		Yes*	No*	N/a*
	the amount of the obligation can be measured with reasonable certainty.
Governance and support costs	Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.		Yes*	No*	N/a*
	Support costs include central functions and have been allocated to activity		Yes*	No*	N/a*
	cost categories on a basis consistent with the use of resources, eg allocating
	property costs by floor areas, or per capita, staff costs by the time spent and
	other costs by their usage.
Grants with performance conditions	Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the		Yes*	No*	N/a*
	specified service or output.		Yes*	No*	N/a*
Grants payable	Where there are no conditions attaching to the grant that enables the
without	donor charity to realistically avoid the commitment, a liability for the full
performance	funding obligation must be recognised.
conditions			Yes*	No*	N/a*
Redundancy cost	The charity made no redundancy payments during the
	reporting period.		Yes*	No*	N/a*
Deferred income	No material item of deferred income has been included in
	the accounts.
Creditors	The charity has creditors which are measured at settlement amounts less any trade discounts		Yes*	No*	N/a*
Provisions for	A liability is measured on recognition at its historical cost and then		Yes*	No*	N/a*
liabilities	subsequently measured at the best estimate of the amount required to
	settle the obligation at the reporting date
			Yes*	No*	N/a*

Grants with Where the charity gives a grant with conditions for its payment being a performance specific level of service or output to be provided, such grants are only conditions recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable Where there are no conditions attaching to the grant that enables the without donor charity to realistically avoid the commitment, a liability for the full performance funding obligation must be recognised. conditions Redundancy cost The charity made no redundancy payments during the reporting period. Deferred income No material item of deferred income has been included in the accounts. The charity has creditors which are measured at settlement amounts Creditors less any trade discounts Provisions for A liability is measured on recognition at its historical cost and then liabilities subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial The charity accounts for basic financial instruments on initial recognition as instruments per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.

2.4 ASSETS
Tangible fixed assets for use by charity	They are valued at cost. These are capitalised if they can be used for more than one year, and cost at least		Yes*	No*	N/a*
	The depreciation rates and methods used are disclosed in note 14.		Yes*	No*	N/a*
	The charity has intangible fixed assets, that is, non-monetary assets that
Intangible fixed	do not have physical substance but are identifiable and are controlled by
assets	the charity through custody or legal rights. The amortisation rates and		Yes*	No*	N/a*
	They are valued at cost. methods used are disclosed in note 15.
Heritage	The charity has heritage assets, that is, non-monetary assets with historic,		Yes*	No*	N/a*
assets	artistic, scientific, technological, geophysical or environmental qualities that
	are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 16.		Yes*	No*	N/a*
	They are valued at cost.
			Yes*	No*	N/a*
Investments	Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value
	(their market value) at the year end. The same treatment is applied to
	unlisted investments unless fair value cannot be measured reliably in which
	case it is measured at cost less impairment.
			Yes*	No*	N/a*
	Investments held for resale or pending their sale and cash and cash equivalent
	with a maturity date of less than 1 year are treated as current asset
	investments		Yes*	No*	N/a*
Stocks and work	Stocks held for sale as part of non-charitable trade are measured at the lower
in progress	or cost or net realisable value.		Yes*	No*	N/a*
	Goods or services provided as part of a charitable activity are measured at
	net realisable value based on the service potential provided by items of stock.		Yes*	No*	N/a*
	Work in progress is valued at cost less any foreseeable loss that is likely to
	occur on the contract.
Debtors	Debtors (including trade debtors and loans receivable) are measured on		Yes*	No*	N/a*
	initial recognition at settlement amount after any trade discounts or amount
	advanced by the charity. Subsequently, they are measured at the cash or
	other consideration expected to be received.
		Yes*		No*	N/a*
Current asset	The charity has investments which it holds for resale or pending their sale
investments	and cash and cash equivalents with a maturity date less than one year. These
	include cash on deposit and cash equivalents with a maturity of loss than one year held for investment purposes rather than to meet short-term cash commitments as they fall due. They are valued at fair value except where they qualify as basic	Yes*		No*	N/a*
	financial instruments.
POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM
THOSE ABOVE

Note 3

Income

				Restricted			Total	Prior
		Analysis of income	Unrestricted funds	income funds		Endowment funds	funds £	year £
Donations and	Donations and	Gifts	143,213	97,850		-	241,063	273,777
legacies:	Gift Aid		2,160	-		-	2,160	768
	Donations from events		493,569	-		-	493,569	365,113
	General grants	provided by government/other charities
				-		-	-	-
	Membership subscriptions and sponsorships which are in
	substance donations			-		-	-	-
	Donated good,	facilities, and services	1,050	-		-	1,050	1,050
	Other		-	-		-	-	-
		Total	639,992	97,850		-	737,842	631,708
Charitable	Fundraising - Sparkle Ball
activities:			-	-		-	-	-
			-	-
						-	-	-
			-	-		-	-	-
			-	-		-	-	-
	Other		-	-
						-	-	-
		Total
Other trading	Fundraising
activities:
			-	-		-	-	-
	Merchandise		-	-		-	-	-
			-	-		-	-	-
			-	-		-	-	-
	Other		-	-		-	-	-
		Total	-	-		-	-	-
Income from	Interest income Dividend		-	-		-	-	-
investments:	income Rental and leasing		-	-		-	-	-
	income Other		-	-		-	-	-
			-	-		-	-	-
			-			-
		Total	-			-
			-			-
Separate	Grant		45,707	68,560		-	114,267	108,517
material item			-	-		-	-	-
of income				-			-	-
			-			-
				-			-	-
			-
		Total	45,707	68,560			114,267	108,517
Other:	Conversion of endowment funds into income			-			-	-
	Gain on disposal of a tangible fixed asset held for charity's
	own use
			-	-		-	-	-
	Gain on disposal of a programme related investment
			-	-		-	-	-
	Royalties from	the exploitation of intellectual property
	rights		-		-	-	-	-
	Other				-	-	-	-
					-	-	-	-
		Total	-
						-
		TOTAL INCOME:	685,699	166,410			852,109	740,225

Other information:

All income in the prior year was unrestricted except for: (please provide description and amounts) Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion. Where any endowment fund is converted into income in the prior period, please give the reason for the conversion. Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts) This year: Where sums originally denominated in foreign currency have been included in income, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up). Last year: Where sums originally denominated in foreign currency have been included in income, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).

Analysis of receipts of government grants

Section C Note 4

		Description			This year £
Government grant 1						-
Government grant 2						-
Government grant 3						-
Other						-
						-
			Total
		Description			Last year £
Government grant 1						-
Government grant 2						-
Government grant 3						-
Other						-
						-
			Total
	This year		Last	year
Please provide details of any unfulfilled conditions and
other contingencies attaching to grants that have been
recognised in income.
	This year		Last	year
Please give details of other forms of government
assistance from which the charity has directly
benefited.

Donated goods, facilities and services

Note 5

Seconded staff Use of property Other

Please provide details of the accounting policy for the recognition and valuation of donated goods, facilities and services.

This year £		Last year £
	-		-
	-		-
	-		-
	-		-

This year

Last year

	ounts (cont) This year	Last year
	The charity has accounted for the value of services provided	The charity has accounted for the value of services
	free of charge, based on what the charity would expect to pay for these services received and included these services as a donation and an expense. The total value of these services	provided free of charge, based on what the charity would expect to pay for these services received and included these services as a donation and an expense. The total
	amounted to £ 1050.	value of these services amounted to £ 1050.

Please provide details of any unfulfilled conditions and other contingencies attaching to resources from donated goods and services not recognised in income.

None None income. Please give details of other forms of other donated goods and services not recognised in the accounts, Please see details provided in the Trustees Please see details provided in the Trustees Report. eg contribution of unpaid volunteers. Report.

This year

Last year

Note 6 Analysis

	Unrestricted	Restricted	Endowment	Total	Unrestricted	Unrestricted	Restricted	Endowment	Total	Total
	Funds	Income	Funds	funds		Funds	income	Funds	funds
Expenditure on raising funds:		Funds		£			Funds		£
Incurred Seeking Donations	3,753	-	-	3,735		1,246	-	-	1,246
Incurred Seeking Legacies	-	-	-		-	-	-	-			-
Incurred Seeking Grants
Operating membership schemes and	-	-	-		-	-	-	-			-
social lotteries	-	-	-		-	-	-	-			-
Staging Fundraising Events	32,901	-	-	32,901		40,118	-	-	40,118
Fundraising Agents	-	-	-		-	-	-	-			-
Operating Charity Shops
Operating a trading company undertaking non-charitable trading activity	- -	- -	- -		- -	- -	- -	- -			- -
Advertising, marketing, direct mail and
publicity	-	-	-		-	-	-	-			-
Start up costs incurred in generating new
source of future income	-	-	-		-	-	-	-			-
Database development costs	-	-	-	391			-	-		391
Other trading activities		-	-		-	-	-	-			-
Investment management costs:	-
Portfolio management costs		-	-		-	-	-	-			-
Cost of obtaining investment advice	-	-	-		-	-	-	-			-
	-	-	-		-	-	-	-			-
Investment administration costs
	-	-	-		-	-	-	-			-
Intellectual property licencing costs
Rent collection, property repairs and	-	-	-		-	-	-	-			-
maintenance charges	-	-	-		-	-	-	-			-
	-	-	-		-	-	-	-			-
Total expenditure on raising funds	36,636			36,636		41,755			41,755
		-	-					-
Expenditure on charitable activities:
Donations to The Sparkle Foundation
Limited in Malawi	240,040	166,410	-	406,450		178,384	153,753	-	332,137
Donations to The Sparkle Foundation in
UAE	220,419	-	-	220,419		154,866	-	-	154,866
*UK Expenses:*	-	-	-		-	-	-	-			-
Travelling expenses	2,470	-	-	2,470		1,190	-	-	1,190
Staff Salaries, NI, Pension	16,211	-	-	16,211		31,068	-	-	31,068
Subscriptions and sundry	13,231	-	-	13,231		8,433	-	-	8,433
Printing and stationery	70	-	-		70	-	-	-			-
Training	-				-	-	-	-			-
Insurance	3,109-	-	-	3,109		3,368	-		3,368
Exchange rate variance	-	-	-		-	110	-	-		110
Telephone	804	-	-	804		984	-	-		984
Depreciation and FA disposal	1,675	-	-	1,675		1,287	-	-	1,287
	-	-	-		-	-	-	-			-
		-	-		-	-	-	-			-
	-	-	-		-	-	-	-
Total expenditure on charitable	498,029	166,410		664,439		379,690	153,753	-	533,433		-
activities			-

This year

Last year

	Unrestricted	Unrestricted	Restricted	Endowment	Endowment	Total	Unrestricted	Unrestricted	Restricted	Endowment	Total
	Funds		Income		Funds	funds		Funds	income	Funds	funds
Separate material item of expense			Funds			£			Funds		£
		-		-	-		-	-	-	-		-
		-		-	-		-	-	-	-		-
		-		-	-		-	-	-	-		-
Total		-		-	-		-	-	-	-		-
Other
Trustee and Staff recruitment	5,484		-		-	5,484		7,560	-	-	7,560
Legal & Professional	1,050		-		-	1,050		1,095	-	-	1,095
Rent		-	-		-		-	-	-	-		-
Bank Charge		266	-		-	266		263	-	-		263
		-					-	-				-
			-		-				-	-
		-					-	-				-
Total other expenditure	6,800		-		-	6,800		8,918	-	-	8,918
TOTAL EXPENDITURE	541,465		166,410 -		- -	707,875		430,363	153,753	- -	584,116

Analysis of expenditure on charitable
activities		This	year				Last	year
Activity or programme	Activities undertaken directly	Grant funding of activities	Support Costs	Total this year	Activities undertaken directly	Grant funding of activities		Support Costs		Total last year
	£	£	£	£	£	£		£		£
Funds utilised in Malawi	240,040	166,410	-	406,450	178,384		-		-	332,137
Funds utilised in UAE	220,419	-	-	220,419	154,866					154,866
Funds incurred in UK for charitable activities	37,570	-	-	37,570	46,440		-		-	46,440
Other	-	-	-	-	-		-		-	-
Total	498,029	166,410	-	664,439	379,690		-		-	533,443

This year: Where sums originally denominated in foreign Funds transferred from UK to Malawi and UAE in GBP. currency have been included in expenditure, explain the basis on Accounts drawn up monthly in MWK and AED. Translated which those sums have been translated into sterling (or the end of each month at spot rate. currency in which the accounts are drawn up). Last year: Where sums originally denominated in foreign Funds transferred from UK to Malawi. Accounts drawn up currency have been included in expenditure, explain the basis on monthly in MWK. Translated end of each month at spot which those sums have been translated into sterling (or the rate. currency in which the accounts are drawn up).

Note 7 Extraordinary items

Please explain the nature of each extraordinary item occurring in the period.

	Description	This year £
Extraordinary item 1
Section C	Notes to the accounts	(cont)
			-	-
Extraordinary item 2
			-	-
			-	-
Extraordinary item 3
			-	-
Extraordinary item 4
			-	-
Total extraordinary items			-	-

Notes to the accounts

Note 8

Funds received as agent

8.1 Please complete this note if the charity has agreed to administer the funds of another entity as its agent. Note: If a charity is acting as an agent, it should not recognise the income in the Statement of Financial Activities or the Balance Sheet.

		Amount	received		Amount	paid out		Balance held at period end	Balance held at period end
Description/name of party	Related party
	(Yes or No)	This year	Last year		This year	Last year		This year	Last year
		£	£		£	£		£	£
			-	-		-	-		-	-
			-	-		-	-		-	-
			-	-		-	-		-	-
			-	-		-	-		-	-
			-	-		-	-		-	-
	Total		-	-		-	-		-	-

8.2 Where a consortia or similar arrangement exists whereby 2 or more charities co-operate to achieve economies in the purchase of goods or services, please disclose details of any balances outstanding between any participating members.


Description/name of party		Balance held at period end
		This year	Last year
		£	£
			-	-
			-	-
			-	-
			-	-
			-	-
			-	-
	Total

Note 9

Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

This year

This year

	Raising funds	Activity 1		Activity 2		Activity 3		Grand total	Basis of allocation
Support cost
(examples)	£	£		£		£		£	(Describe method)
	-		-		-		-	-
Governance
	-		-		-		-	-
	-		-		-		-	-
	-		-		-		-	-
	-		-		-		-	-
Other
	-		-		-		-	-
Total

Last year

Last year
Support cost	Raising funds	Activity 1		Activity 2		Activity 3		Grand total		Basis of allocation
( examples)	£	£		£		£		£		(Describe method)
	-		-		-		-		-
Governance
	-		-		-		-		-
	-		-		-		-		-
	-		-		-		-		-
	-		-		-		-		-
Other
	-		-		-		-		-
Total

Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.

Notes to the accounts

Note 10

Details of certain types of expenditure

Note 10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

	This year £	Last year £
Independent examiner’s fees	1,050	1,050
Assurance services other than independent examination	-	-
Tax advisory fees	-	-
Other fees (for example: financial advice, consultancy, accountancy services) paid to the	-	-
independent examiner

Note 11

Paid employees

Please complete this note if the charity has any employees (transactions with Trustees dealt with in Note 28)

11.1 Staff Costs

111 Sff C
. ta osts
		This year £		Last year £
Salaries and wages Social security costs Pension costs			53,290		59,443
(defined contribution scheme) Other employee benefits			1,558		1,121
			1,230		1,572
			-		-
	Total staff costs		56,078		62,136

This year:

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party Last year:

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party

Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000

Band			Number of	employees
			This year	Last year
£60,000	to	£69,999	-	-
£70,000	to	£79,999	- -	- -
£80,000	to	£89,999
			-	-
£90,000	to	£99,999	-	-
£100,000	to	£109,999


			This year £	Last year £

Please provide the total amount paid to key management personnel			47,693	59,320

11.2 Average head count in the year

The parts of the charity in which the employees work


Fundraising		-	-
Charitable Activities		-
Governance		-	-
Other		-	-
		-
	Total		-

11.3 Ex-gratia payments to employees and others (excluding trustees)

Please complete if an ex-gratia payment is made.

Please explain the nature of the payment

This year Last year

Please state the legal authority or reason for making the payment

This year

Last year

Please state the amount of the payment (or value of any waiver of a right to an asset)

This year		Last year
£		£
	-		-

11.4 Redundancy payments

Please complete if any redundancy or termination payment is made in the period.

----- Start of picture text -----
This year £ Last year £
Total amount of payment
- -
The nature of the payment (cash, asset etc.)
This year £ Last year £
The extent of redundancy funding at the balance sheet date - -
Please state the accounting policy for any redundancy or termination payments
----- End of picture text -----

Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribtuion scheme

12.1 Please complete this note if a defined contribution pension scheme is operated.

This year Last year £ £ Amount of contributions recognised in the SOFA as an expense 1,230 1,572 Please explain the basis for allocating the liability and expense of defined Unrestricted Unrestricted contribution pension scheme between activities and between restricted and unrestricted funds.

12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.

Please confirm that although the scheme is accounted for as a defined contribution plan, it is a defined benefit plan.

Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity this year and last year, if different

12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.

Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms and conditions of the multi-employer plan. If this is different for last year, provide details

Provide an explanation of how any liability arising from an agreement with a multiemployer plan to fund a deficit has been determined. If this is different for last year, provide details

Note 13

Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

This year:

13.1 Analysis of grants paid (included in cost of charitable activities)

Analysis	Grants to institutions			Grants to individuals	Support	costs		Total
					£			£
Activity or project 1
		-		-		-				-
Activity or project 2
		-		-		-			-
Activity or project 3		-		-		-			-
Activity or project 4		-		-		-			-
*Total*	NIL		NIL		NIL		NIL

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.2 Grants made to institutions

My charity has made grants to particular institutions that are material in the context of its grantmaking. Details of the institution supported, purpose of the grant and total paid to each institution is available on the charity's web site.

Yes

Names of institution The Sparkle Foundation Limited by Guarantee in Malawi The Sparkle Foundation Limited by Guarantee in UAE

Total amount of Purpose grants paid £ To transfer funds to The Sparkle 406,450 Foundation Limited by Guarantee in Malawi, a company under the control of this charity, to enable it to carry out the charity's objectives To transfer funds to The Sparkle 220,419 Foundation Limited by Guarantee in UAE, a company under the control of this charity, to enable it to carry out the charity's objectives

Total grants to institutions in reporting period

- - - - 626,869 -

Other unanalysed grants

----- Start of picture text -----
626,869
----- End of picture text -----

TOTAL GRANTS PAID

Last year:

13.3 Analysis of grants paid (included in cost of charitable activities)

	Analysis	Grants to institutions
Activity or	project 1		-		-		-		-
Activity or	project 2		-		-		-
									-
Activity or	project 3		-		-		-
									-
Activity or	project 4		-		-		-
									-
	*Total*	NIL		NIL		NIL		NIL

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.4 Grants made to institutions

Yes

----- Start of picture text -----
Total amount of
Names of institution The Sparkle Foundation Purpose
grants paid £
To transfer funds to The Sparkle Foundation 155,000
Limited by Guarantee in Malawi, a company
The Sparkle Foundation Limited by Guarantee in
Malawi under the control of this charity, to enable it
to carry out the charity's objectives
The Sparkle Foundation Limited by Guarantee in UAE To transfer funds to The Sparkle 98,357
Foundation Limited by Guarantee in UAE, a
company under the control of this charity,
to enable it to carry out the charity's
objectives
-
-
-
-
-
-
-
-
Total grants to institutions in reporting period 253,357
Other unanalysed grants -
253,357
TOTAL GRANTS PAID
----- End of picture text -----

Note 14

Tangible fixed assets

Please complete this note if the charity has any tangible fixed assets

14.1 Cost or valuation


	Freehold land &		Other land & buildings	Plant, machinery and	Fixtures, fittings and	Total
	bui l di			motor vehicles	equipment
	ngs
	£		£	£	£	£
At the beginning of the year		-	-	-	8,079		8,079
Additions
		-	-	-	2,170		2,170
Revaluations
		-	-	-	-		-
Disposals		-	-	-	-		-
Transfers *		-	-	-	-		-
		-	-	-
At end of the year					10,249		10,249

14.2 Depreciation and impairments

**Basis	SL or RB (Straight Line or Reducing			Straight Line
	Balance)
** Rate				25%
At beginning of the year	-	-	-		6,452	6,452
	-	-	-		-	-
Disposals	-	-	-
					1,675	1,675
Depreciation
	-	-	-
Impairment	-	-	-		-	-
Transfers*	-	-	-		-	-
At end of the year					8,127	8,127
14.3 Net book value
Net book value at the	-	-	-		1,627	1,627
beginning of the year
Net book value at the	-	-	-		2,122	2,122
end of the year

14.4 Impairment

This year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

Last year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

14.5 Revaluation

If an accounting policy of revaluation is adopted, please provide:

the effective date of the revaluation

the name of independent valuer, if applicable

the methods applied and significant assumptions

the carrying amount that would have been recognised had the assets been carried under the cost model.

This year		Last year



	-		-

14.6 Other disclosures

(i) Please state the amount of borrowing costs, if any, capitalised in the construction of tangible fixed assets and the capitalisation rate used.
(ii) Please provide the amount of contractual commitments for the acquisition of tangible fixed assets.
(iii) Details of the existence and carrying amounts of property, plant and equipment to which the charity has restricted title or that are pledged as security for liabilities.

This year		Last year
£		£
	-		-
	-		-

* The "transfers" row is for movements between fixed asset categories. ** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

Section C Notes to the accounts

(cont)

Note 15

Intangible assets

Please complete this note if the charity has any intangible assets

15.1 Cost or valuation

15.1 Cost or valuation
	Research &	Patents and	Other		Total
	development	trademarks
	£	£	£		£
At beginning of the year	-	-		-		-
Additions	-	-		-		-
D is pos als	-	-		-		-
Revaluations	-	-		-		-
Transfers *	-	-		-		-
At end of the year	-	-		-		-

15.2 Amortisation and impairments

**Basis					Straight Line
					("SL") or
					Reducing
					Balance ("RB")
** Rate
At beginning of the	-	-	-	-
year D is pos als Amor	-	-	-	-
tis ation Impairment	-	-	-	-
Transfers* At end of	-	-	-	-
year	-	-	-	-
	-	-	-	-

15.3 Net book value
Net book value at the	-	-	-	-
beginning of the year
Net book value at the	-	-	-	-
end of the year

15.4 Accounting policy

Please disclose the accounting policy for intangible fixed assets including: Reasons for choosing amortisation rat es

Policies for the recognition of any capital development

15.5 Impairment This year:

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

Last year:

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

15.6 Revaluation

If an accounting policy of revaluation is adopted, please provide:

the effective date of the revaluation

The name of independent valuer, if applicable

the methods applied

the carrying amount that would have been recognised had the assets been carried under the cost model.

This year Last year

15.7 Other disclosures

(i) If your intangible asset was acquired by way of grant, provide value on initial recognition and carrying amount of the asset.

(ii) Details of the carrying amounts of any intangible assets to which the charity has restricted title or that are pledged as security for liabilities.

(iii) Please provide the amount of contractual commitments for the acquisition of intangible asset s.

(iv) State the amount of research and development expenditure recognised as expenditure in the year.

(v) Please detail the headings in the SOFA in which a charge for amortisation of intangible assets is included .

(vi) For any material intangible assets, please provide a description, its carrying amount and any remaining amortisation period.

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

Section C Notes to the accounts

(cont)

Note 16

Heritage assets

Please complete this note if the charity has heritage assets

16.1 General disclosures for all charities holding heritage assets

This year Last year

(i) Explain the nature and scale of heritage assets held.

(ii) Explain the policy for the acquisition, preservation, management and disposal of heritage assets.

16.2 Cost or valuation

162 Cost or valuation
.
	Heritage asset		Heritage asset	Heritage asset	Heritage asset	Total
		1	2	3	4
		£	£	£	£	£
At beginning of the year		-	-	-	-		-
Additions		-	-	-	-		-
Disposals		-	-	-	-		-
Revaluations		-	-	-	-		-
Transfers*		-	-	-	-		-
At end of the year		-	-	-	-		-
16.3 Depreciation and impairments
**Basis								Straight Line
								("SL") or
								Reducing
								Balance ("RB")
** Rate
At beginning of the year		-	-	-	-		-
Additions		-	-	-	-		-
Disposals		-	-	-	-		-
Revaluations		-	-	-	-		-
Transfers*		-	-	-	-		-
At end of the year		-	-	-	-		-
16.4 Net book value
Net book value at the beginning of the year		-	-	-	-		-
Net book value at the end of the year		-	-	-	-		-

16.5 Impairment This year

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

Last year

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

16.6 Revaluation

If an accounting policy of revaluation is adopted, please provide:

the effective date of the revaluation

the name of independent valuer, if applicable

qualifications of independent valuer

the methods applied and significant assumptions

any significant limitations on the valuation

This year Last year

16.7 Analysis of heritage assets by class or group distinguishing those at cost and those at valuation

	At valuation	At valuation	At cost Group	Total
	Group A		B
		£	£	£
Carrying amount at the beginning of		-	-		-
the period
Additions		-	-		-
Disposals		-	-		-
Depreciation/impairment
		-	-		-
Revaluation
		-	-		-
Carrying amount at the end of period
		-	-		-

16.8 Heritage assets (where heritage assets are not recoignised on the balance sheet)

	This year	Last year
(i) Explain the reason why heritage
assets have not been recognised on the
balance sheet.
(ii) Describe the significance and nature
of heritage assets.
(iii) Disclose information that is helpful
in assessing the value of heritage
assets.
(iv) Explain the reason why it is not
practicable to obtain a valuation of
heritage assets.

16.9 Five year summary of heritage assets transactions

	2015		2014		2013		2012		2011
	£		£		£		£		£
Purchases
Group A		-		-		-		-		-
Group B		-		-		-		-		-
Group C		-
Other		-
Donations
Group A		-		-		-		-		-
Group B		-		-		-		-		-
Group C		-		-		-		-		-
Other		-		-		-		-		-
Total additions
		-		-		-		-		-
Charge for impairment
Group A		-		-		-		-		-
Group B		-		-		-		-		-
Group C		-		-		-		-		-
Other		-		-		-		-		-
Total charge for impairment		-		-		-		-		-
Disposals
Group A-carrying amount		-		-		-		-		-
Group B- carrying amount		-		-		-		-		-
Group C		-		-		-		-		-
Other		-		-		-		-		-
Total disposals		-		-		-		-		-

Section C Notes to the accounts

(cont)

Note 17

Investment assets

Please complete this note if the charity has any investment assets.

17.1 Fixed assets investments (please provide for each class of investment)

	Cash & cash equivalents	Listed investments	Investment properties	Social investments
Carrying (fair) value at beginning of	-	-	-	-	-	-
period
Add: additions to investments during	-	-	-	-	-	-
period*
disposals at carrying value Less:	-	-	-	-	-	-
Less: impairments	-	-	-	-	-	-
Add: Reversal of impairments	-	-	-	-	-	-
Add/(deduct): transfer in/(out) in the	-	-	-	-	-	-
period
Add/(deduct): net gain/(loss) on	-	-	-	-	-	-
revaluation
Carrying (fair) value at the end of the	-	-	-	-	-	-
year

*Please specify additions resulting from acquisitions through business combinations, if any.

Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.

17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment. This year:

Analysis of investments

Cash or cash equivalents

Listed investments

Investment properties Social investments

Other investments

Total

Grand total (Fair value at year end+cost less impairment)

Fair value at year end		Cost less impairment
£		£
	-		-
	-		-
	-		-
	-		-
	-		-
	-		-
			-

Last year: Analysis of Investments

Cash or cash equivalents Listed investments Investment properties Social investments Other investments Total

Grand total (Fair value at year end+cost less impairment)

Fair value at year end

Cost less impairment £ £ - - - - - - - - - - - - -

17.3 If your charity holds investment properties, please complete the following note:

	This year	Last year
(i) Explain the methods and significant assumptions in determining
the fair value of investment property held by the charity
(ii) Name or independent valuer, if applicable, and relevant
qualifications
(iii) Provide details of any restrictions on the ability to realise investment property or on the remittance of income or disposal proceeds
(iv) Explain any contractual obligations for the purchase, construction or
development of investment property or for repairs, maintenance or
enhancements

17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.

----- Start of picture text -----
This year Last year
£ £
- -
- -
- -
- -
- -
- -
----- End of picture text -----

Analysis of current asset investments Cash or cash equivalents Listed investments Investment properties Social investments Other investments Total 17.5 Guarantees

This year Last year

Please provide details and amount of any guarantee made to or on behalf of a third party

Name of the entity or entities benefitting from those guarantees

Please explain how the guarantee furthers the charity's aims

17.6 Concessionary loans

Amount of concessionary loans made ( Multiple loans made may be disclosed in aggregate provided that such aggregation does not obscure significant information ).

Amount of concessionary loans received (Multiple loans received may be disclosed in aggregate provided that such aggregation does not obscure significant infor mation).

	Description	This year £	Last year £
		-	-
		-	-
		-	-
		-	-
Total		-	-
	Description	This year £	Last year £
		-	-
		-	-
		-	-
Total		-	-
	This year	Last year

Terms and conditions eg interest rate, security provided

Value of any concessionary loans which have been committed but not taken up at the reporting date

Amounts payable within 1 year Amounts payable after more than 1 year Amounts receivable within 1 year Amounts receivable after more than 1 year

17.7 Additional information

This year Last year

Please provide information about the significance of investments to the charity's financial position or performance eg. terms and conditions of loans or the use of hedging to manage financial risk.

For all investments measured at fair value, the basis for determining the value, including any assumptions applied when using a valuation technique.

Where a charity has provided financial assets as a form of security, the carrying amount of the financial asset pledged as security and the terms and conditions relating to its pledge.

For all investments measured at fair value, the basis for determining the value, including any assumptions applied when using a valuation technique.

Where a charity has provided financial assets as a form of security, the carrying amount of the financial asset pledged as security and the terms and conditions relating to its pledge.

Notes to the accounts

Section C

(cont)

Stocks

Note 18

Please complete this note if the charity holds any stock items

18.1 Please state the carrying amount of stock and work in progress analysed between activities.

	Stock	Stock	Donated	goods
					Work in
For		For resale	For	For resale	progress
distribution			distribution
£		£	£	£	£
Charitable activities:
Opening	-	-	-	-	-
Added in period	-	-	-	-	-
Expensed in period	-	-	-	-	-
Impaired	-	-	-	-	-
Closing	-	-	-	-	-
Other trading activities:
Opening	-	-	-	-	-
Added in period	-	-	-	-	-
Expensed in period	-	-	-	-	-
Impaired
	-	-	-	-	-
Closing
	-	-	-	-	-
Other :
Opening	-	-	-	-	-
Added in period
	-	-	-	-	-
Expensed in period
	-	-	-	-	-
Impaired
	-	-	-	-	-
Closing
	-	-	-	-	-
Total this year	-	-	-	-	-
Total previous year	-	-	-	-	-
		This year		Last year
			£		£
18.2 Please specify the carrying amount of any
stocks pledged as security for liabilities

Notes to the accounts (c on t)

Section C

Note 19

Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

19.1 Analysis of debtors

19.1 Analysis of debtors
		This year	Last year
		£	£
Trade debtors		-		-
Prepayments and accrued income		191,885	-
Other debtors
		-			-
	Total	191,885			-

Complete 19.2 where a material debtor is recoverable more than a year after the reporting date.

19.2 Disclosure of debtors recoverable in more than 1 year (included in debtors above)

		This year		Last year
		£		£
Trade debtors			-		-
Prepayments and accrued income			-		-
Other debtors			-		-
	Total		-		-

Section C

Notes to the accounts

(cont)

Note 20

Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

201 Ali f dit
. nayss o creors
		Amounts falling due within one			Amounts falling	due after more
			year		than one year
		This year	Last year		This year	Last year
		£	£		£	£
Accruals for grants payable		-		-	-	-
Bank loans and overdrafts		-		-	-	-
Trade creditors		-		-	-	-
Payments received on account for contracts or
performance-related grants		-		-	-	-
Accruals and deferred income		-	8,591		-	-
Taxation and social security		-		-	-	-
Other creditors
		-		-	-	-
	Total	-	8,591		-	-

20.2 Deferred income

Please complete this note if the charity has deferred income.

	Last year
Please explain the reasons why income is deferred
.

Movement in deferred income account	This year	Last year
	£	£
Balance at the start of the reporting period	-		-
Amounts added in current period	-		-
Amounts released to income from previous periods	-		-
Balance at the end of the reporting period	-		-

Notes to the accounts (coont)

Section C

Note 21 Provisions for liabilities and charges

Please complete this note if you have included in charity expenditure any provisions. A provisision is made when the charity has a liability of uncertain timing or amount.

21.1 Movements in recognised provisions and funding commitment during the period

This year		Last year
£		£
	-		-
	-		-
	-		-
	-		-
	-		-

Balance at the start of the reporting period

Amounts added in current period

Amounts charged against the provision in the current period Unused amounts reversed during the period Balance at the end of the reporting period

21.2 Please provide:

This year Last year

a brief description of any obligations on the balance sheet and the expected amount and timing of resulting payments;
an indication of the uncertainties about the amount or timing of those outflows; and
the amount of any expected reimbursement, stating the amount of any asset that has been recognised for that expected reimbursement.

This year Last year

21.3 For any funding commitment that is not recognised as a liability or provision, provide details of commitment made, the time frame of that commitment, any performance-related conditions and details of how the commitment will be funded (with contracts for capital expenditure separately identified).

21.4 Where unrestricted funds have been designated to a fund commitment, please disclose the nature of any amounts designated and the likely timing of that expenditure.

(cont)

Section C Notes to the accounts

Note 22 Other disclosures for debtors, creditors and other basic financial instruments

	This year	Last year
22.1 Please provide information about the significance of
financial instruments (eg. debtors, creditors, investments etc)
to the charity's financial position or performance, for example,
the terms and conditions of loans or the use of hedging to
manage financial risk.
22.2 If the charity has provided financial assets as a form of
security, the carrying amount of the financial assets pledged as
security and the terms and conitions related to its pledge should
be given here.

Section C Notes to the accounts (cont)

Note 23 Contingent liabilities and contingent assets

23.1 Contingent liabilities

Where the charity has contingent liabilities, please complete the following section unless the possibility of their existence is remote.

This year

Description of item including its legal nature. Estimate of financial effect Please describe any security provided in connection to the liability. Last year Description of item including its legal nature. Estimate of financial effect Please describe any security provided in connection to the liability.

23.2 Contingent assets

Where the charity has contingent assets, please complete the following section when their existence is probable

This year

Description of item Estimate of financial effect Last year Description of item Estimate of financial effect

23.4 Other disclosures for contingent assets and/or liabilities Please provide the following information where practicable:

This year Last year

Explain any uncertainties relating to the amount or timing of settlement; and the possibility of any reimbursement

Where it is not practical to make one or more of these disclosures, please state this fact

Notes to the accounts

Section C

Note 24 Cash at bank and in hand

Short term cash investments (less than 3 months maturity date) Short term deposits Cash at bank and on hand Other Total

(cont)

This year		Last year
£		£
	-		-
	-		-
473,587		530,325
	-		-
473,587		530,325

Notes to the accounts

Section C

(cont)

Note 25

Fair value of assets and liabilities

This year Last year

25.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks.

25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.

Notes to the accounts

(cont)

Section C

Note 26

Events after the end of the reporting period

Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.

This year

Last year

Please provide details of the nature of the event

Provide an estimate of the financial effect of the event or a statement that such an estimate cannot be made

Section C Notes to the accounts (cont)

Note 27 Charity funds

27.1 Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.

* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

			Fund										Fund
	Type PE, EE R or UR *	Purpose and Restrictions	balances brought f o rw ard		Income	Exp en d	it u re		T ran sf ers		Gains and lo sses		balances carried f o rw ard
Fund names			£		£	£			£		£		£
Guernsey Overseas Aid	R	Mulunguzi Primary Classroom Project	24,750		24,750	49,500		-		-				0
							-
				-	-				-			-		-
				-	-		-		-			-		-
				-	-		-		-			-		-
				-	-		-		-			-		-
				-	-		-		-			-		-
				-	-		-		-			-		-
				-	-		-		-			-		-
				-	-		-		-			-		-
				-	-		-		-			-		-
Other funds (balancing figure)	N/a	N/a		-	-		-		-			-		-
		Total Funds as per balance sheet	24,750		24,750	49,500			-			-	H22
					Yes*	No*

Fund balances carried forward include assets and liabilities denominated in a foreign currency

If yes, please state the basis on which the assets and/or liabilities have been translated into sterling (or the currency in which the accounts are drawn up).

Notes to the accounts

Section C

(cont)

Note 27 Charity funds

27.2 Details of material funds held and movements during the PREVIOUS reporting period

* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

					Fund								Fund
					balances								balances
Fund	names	Type PE, EE R or UR *		Purpose and Restrictions	brought forward £	Income £		Expenditure £		Transfers £	Gains and losses £		carried forward £
					-		-		-	-		-		-
					-		-		-	-		-		-
					-		-		-	-		-		-
					-		-		-	-		-		-
					-		-		-	-		-		-
					-		-		-	-		-		-
					-		-		-	-		-		-
					-		-		-	-		-		-
					-		-		-	-		-		-
					-		-		-	-		-		-
Other	funds (balancing figure)	N/a	N/a
					-		-		-	-		-		-
				Total Funds as per balance sheet	-		-		-	-		-		-

Yes No

Fund balances carried forward include assets and liabilities denominated in a foreign currency

100

Notes to the accounts

Section C

(cont)

Note 27

Charity funds (cont)

27.3 Transfers between funds

This year

This year
	Reason for transfer and where endowment is converted to income,	Amount
	legal power for its conversion
Between unrestricted and
restricted funds
			-
Between endowment and
restricted funds
			-
Between endowment and
unrestricted funds
			-
			-
Last year
	Reason for transfer and where endowment is converted to income,	Amount
	legal power for its conversion
Between unrestricted and
restricted funds
			-
Between endowment and
restricted funds
Between endowment and			-
unrestricted funds
			-
			-

27.4 Designated funds

27.4 Designated funds
This year
Planned use	Purpose of the designation	Amount
			-
			-
			-
			-
			-
			-
Last year
Planned use	Purpose of the designation	Amount
			-
			-
			-
			-
			-
			-

101

Notes to the accounts

Section C

(cont)

Note 28

Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or “False” there are transactions to report.

28.1 Trustee remuneration and benefits

This year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.


			Amounts	paid or benefit		value
Name of trustee	Legal authority (eg order, governing document)	Remuneration	Pension contribution	Redundancy (including loss of office)/ex gratia		Other		TO TAL
		£	£	£		£		£
									-
		-	-		-		-
									-
		-	-		-		-
									-
		-	-		-		-
									-
		-	-		-		-

Please give details of why remuneration or other employment benefits were paid.

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

If a third party has been reimbursed for providing one or more trustees, state the nature of the payment and amount of the reimbursement .

State the number of trustees to whom retirement benefits are accruing under a defined contribution pension scheme.

102

Last year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)


			Amounts paid or benefit		value
	Legal authority (eg	Remuneration	Pension c ontr i buti on	Redundancy (including loss	O the r	TO TAL
Name of trustee	order, governing			of office)/ex
	document)			gra ti a
		£	£		£	£
		-	-	-	-		-
		-	-	-	-		-
		-	-	-	-		-
		-	-	-	-		-

Please give details of why remuneration or other employment benefits were paid.

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

If a third party has been reimbursed for providing one or more trustees, state the nature of the payment and amount of the reim b u rsem en t .

State the number of trustees to whom retirement benefits are accruing under a defined contribution pension scheme.

28.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False”.

No trustee expenses have been incurred (True or False)

T ravel Su b sist en ce Accommodation Other (please specify): Type of expenses reimbursed TOTAL This year £ - - - - -	Last year £ - - - - - - -

103

Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity

28.3 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties.If there are no such transactions, please enter 'true' in the box provided.

This year

There have been no related party transactions in the reporting period (True or False)


							Amounts
Name of the trustee or Relationship to related party charity	Description of the t ran sact io n ( s)	Amount		Balance at period end	Provision for bad debts period end	at	written off during reporting
							p erio d
		£		£	£		£
			-	-		-	-
			-	-		-	-
			-	-		-	-
			-	-		-	-

In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.

For any related party, please provide details of any guarantees given or received.

Last year

There have been no related party transactions in the reporting period (True or False)

							Amounts
Name of the trustee or Relationship to related party charity	Description of the t ran sact io n ( s)	Amount		Balance at period end	Provision for bad debts period end	at	written off during reporting
							p erio d
		£		£	£		£
			-	-		-	-
			-	-		-	-
			-	-		-	-
			-	-		-	-
n relation to the transactions above, please provide the terms
and conditions, including any security and the nature of any
payment (consideration) to be provided in settlement.
For any related party, please provide details of any guarantees
given or received.

In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.

For any related party, please provide details of any guarantees given or received.

104

Section C Notes to the accounts (cont)
Note 29 Additional Disclosures
The following are significant matters which are not covered in other notes and need to be included to provide
a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.

105