SPARK 21 TRUSTEES. REPOAT AND UNAUDrrEO FZNANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
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Spark 21 Company No. 09832061 Tru4tee•' Report For Th• Y•ar End•d B Aprll 2025 The trustees present thelr rewt •rrfl the flTrondal statements lor the ended 5 ApMI 2025. ObJ•¢tlv•• •nd Actlvltl Alm• and ObJ•ctlM• The Thistees h•ve 9lveTh due conslderntlon to the Ch•rlty Commlzslonl publlihed quld•nce on the Publk Beneflt requlrement under the Charftles Act 2011. We h•ve refeffed to th• guldjnte tonliiined In the Charlty Commlsslon'j ynernl guldance on publlc b•nefit whtn r*vlewlng our •lmi •nd obJ•dlvei •Thl In pl•nnlng our IIAur• •ctlvl1l. Vl• b•ll•v• th•t w• have complled thls. and seek to demonstr•t• thli wltbln thls report. AN our tharltable a(Il¥nies foLirn on the •¢fv•ficement of edtIon In the iubject of women In the leq•l •nd oth•r prolesslons, to promote equ)Irty •nd dlverslty and, In p•rtlcular. the ellmln•llon ol dlscTlmln•tloft on the ground ol gend•r' •rKI advance the arts. In partlcvl•r, but wlihovt Ilmltatlon, by romml$Jlonlng, &bIl9h1n9 m•lnt•lftlng1 publlihlng •nd perfomlng {•$ appllc•ble) of •rt. Th• h•s l•ken th• followlng •rtI1 In the Iln•nd•l ye•r to 5 Aptll 2025: i. Events: we hosted • serfes of events, Indudlng the annual Insplrntlonil Women In L•w Awardi 2024. 2. AnThl Lecturn: ¢¢ntlnued our lerfes ol leLturns, the Hellbron Lecturn•, •nd w• hojted th• 4th edltlon, delfvered fm the theme ol-Home". 3. Report: cofft•ted the Women Who Wlll repoii fe•turfng • aass of 2024 women ch•n9•-m•kef¥ In th• legal sector, Indutllng some of the wlnner5 In the Insplrntlonal Wornen In Law awords. 4. Roport: we collèbornted wlth RPC LLP ès well •1 dmrtty i•w C•rn to rnrth and publl•h • r•port Into fern In th• kgal sectyr, whlch vrns lèurKhed publldy In )une 2024. S. Rwt: we collobornted wlth law flmi UDkl4ters LLP and non-proflt oryanliatlon 'She Brnaki The Law" to condu reseath Into the ImpKt of •rtlftcl•l Intelllgence on women In law. the report was launched In December 2024. 6. Researth: we condurted a study for • law flm to helF> them underltsnd the lad( of women In le•derJhlp In Of of thelr key prnL1 groups. ?. Newsletter: we contlnued to publlsh our monthly"Women In L•w Who" newsletter. Thls spotllght fem•le tr•llbl•zers In the l•w WI •re"5hoplng our wesent" "made our hlstory i and.wlll thange our futurn" wlth a subscrfptton Ilst of over 8. We partnernd wlth the Judldal Offlu tr> mark the 75th •nnlversary slnce the flrrt women became Klngs, Counsel In england ond Wales wth an ann5)ry receptlon at the Royal Courts of Justlce. 9. P•VIr the Way: to mark our 10th annlversary year. we set up a fvnd for pr12es for students In thelr flnal year af •n ulthryTUkn degree frr•m non-Russell Group unlversltles. If they have a dlssertatlon that addresses Issues related to the crMtrItMJtlon of women to le901 prncllse and the law. The first year of provldlng any prlzes bs expected to be 2026. 10. Oub 1919: we contlnued our membern, Inltlatlve to honour the legacy of the Sex Dlsquallflcatlon (Rernoval) Art 1919 and h05ted • dlnner tt> honour them In Januory 2025. 11. Malnialned the dlg1ts1 plath>rrns The Flrst LOO Years and Next 100 Year5 ond $upported the young projert Klds Law IL Malntslned Flrst 100 Year51 Next 100 Years sodal medla presence wlth a dear communkatlon$ strategy. whl¢h rfornr very well agalnst our mlsslon to lebrnte, Infomi and Insplre. The trurtets ajnfirni that they have complled wlth the requlrements of Sertlon 17 ol the Charftles A¢t 2011 to h•ve due reyTd to the Chorty Commlsslon's guldance on publlc benefiL Ftrrt l(X) Year4 and next 100 yr$ The awlt<s •d4eved severnl ljndmarks - the rnaln belng thjt Is has succeeded In refrnmlng the conver54tlon around w¢xnen In IthT by fw51ng the celebrntlon of thelr athlevements Jround the perfod 1919-2019. followed by marklng, In 2022 nd 2023. of the centenary of the fifst women quallfylng J$ baffisters and sollcltors In England and Wales. Indlvidually and thfough our Supprn9 wJanSsatk¥n$ - Bor Coundl, Law Sodety. CILEX and so on - we have reached on Judlence of We cononued to dellvtr our •ctsvltl•s onllne alb•lt on a Kale down format glven the thallenges faced by all dwlng thls tlm• ..COFfflNUED Pag• I
Spark 21 Tru•tM•' R•port (contlnu•d) For The Y•ar End•d 5 Aprll 202B •ln Achl•v•m•nts • ¢ontlnu•d In th• fln•ftd year 2024-5: l. Hosted wr 9th edltlon ol tho InJplrnOon•l Women In Law iw•rdi for women le•dery, brlnolng i younoer gener•llon Into the projert. •n •nnual rtwt, Women Who Wlll, wai •1 liunched wllh a mll c•ll ol women chan Ino the legal prolesglon, nd provldlng •n •nnu•l revlew of lor women In Ihe le9bl iertor - thll nov• In It• Sr e•r. 2. Dellvernd th• Snl edltton In the Hellbn>n Lectur• ierfei, In a Ilv• •vent, platfomilno women lega experts dIKlIng tslq themes of )ur tlmes 3. 1)eltvered •nother IYo9r•phlcèl film ol th• Ilfe •nd work o18•rb•rn Mllh KC, • nrnt lor wom•n th l•w In hqr rol• •t tht B•f Cwndl 4. Complrted wr ol Next 100 Volth foLv•qd M dlmblllly Pl•n• tor th• fvfvr• The Ch•rfty plans for th• n•At nMnd•l yr to 4s well •$ to use m•hrf•l$ CTe•ted by the Flrlt I 2020 conllnv• to fouJ on th• ddl¥•ry ol th• Next 100 Y••f• wojed Ye•r• prnject to educate, e4lebrnte and Insplrn generntknn• ol fmofflen ¢kn m•ln •re•% of foLIM •re: i. Contlnvlng to trg•nlse e¥tnts •nd th•ffln tho rple of women In law, Indudlng th• •nnu•l InWr•llon•l Worn•ft In L•w 2. Contlnue to collJborJtt Twlth partner organlsatloni to •dvan¢e the tharfty obJectl¥ei. 3. Contlnue to work •nd •volv• the hvlng th• W•y um Ign wlth non-Ruis•ll Gn>up Vnlv•rnltl• 4. ul11j our serles of fllms of women In l•w under Next 100 Ye4rJ'Next 100 Volces" vldeo Mrles 5. Corftlnue to org•nlse the Ilellbron Lecbjres serf 6. CtInUe tt> run the Next IOO Years c4mpol 7. Cont4rMX our •nnu•l reptyts •n key ams wellbelng for 2026 foujs th•t thance th• c•reern ol wornon In low wlth • focu• on SpJTk 21 16 • LDMry Ilmlted by guarnntee 5ncorpornted 20 October 201S and governed by Sts ArtId of Assodatlon. Spark 21 ts •150 • reglstered ol•rfty (1167825) - r¢gl$trntton date belng 23 June 2016. As s¢t Nit In the Artldes ol Isd000n •ny person whols wllllng to ort as a Trustee, and who would not be dlsqualllled frorn actlr41 under the provlslon$ of the Artldes of Assoclatlon, may be oppolnted to be a Trystee by a dedslon of the Thistes The Board cTropts members durfng the year to ensure that the Board has i broad range ol skllls and experfence: to trustee sucCeon new trustees may be appolnted annually by the members of the tharbtabSe comwny and serve for • pwknd of three years but may be rtrelerted for a further 3-year term. are Te¢Tulted throughy professSonal. personal and member conts¢ts. We alm to recrult people whose skllls the oan1 have Identffied as needed. The Trustees endeavour ts ensure there bs an approprfate of skbll$y genderi age• rnce, disabbllty. sexual orlentstlon, cultsjre, polltlcs or rellglous bellef. New Tntstees 9lven an Inductlon pJd( on the Dutle5 Jnd Obllgauons of Chartty Trustees to brfef them on thelr legal obl•gthns under the thar6ty and c4rnpany law, the Chartty Commlsslon gUIdan on publ1¢ beneflt and Inlorm them of the ¢terf Gf Ihe Artkles of As%KSaUon. We also regularly share trustee advlce from law flrms that can benefit the trustees In ynotrstarnllng thelr c(xrtlnu¢xts obllgatlons. Trustees are encouraged to ottend approprtjte external events and meetlng5 ¥hre these wltt fxtiitAte the undertaklng ol thelr role. P4go 2
Sp•rk 21 Tru•ts•s' Report {contlnu•d) For The Year Ended 5 Aprll 2025 Gw•rn•nM •nd Ory•ftlMtlon•l •tru¢tur• Th• Board of Tnjstees hold regular rneetln9s elther by eonlernnc• call or In person. Thy are responslble for 9overnlng the •ffalrn of Spark 21. The Trjstees ore 11 In regular contort betvleen the meetlngs to gre• on prlorftles to be addressed nd, If needed, to ory•nlse ad hoc brfeflng ulls for eMpedlen¢y. Th• Board agrees th• straleglc dlrertlon to ensurn th• or9anlMtlon fvlfilh Its obJectlv•s. It tskes 0rnI1 r•spon8lblllty for •nsurbng that th• nnandal. legal •nd ¢ontrJctu•l obllg•tlons ol the Charfty •r• met ènd th•t ther• •rn utlrfoctory •yst¢m• •nd control• In place. M•n•g•m•Dt ' O•y to day m•n•9emont •nd decbslon mJklng ot th• Chjrtty li deleoated to •peclfl¢ Trustee9 In order for the Chortty'i obJethi to be met •nd enjurn th• imooth •nd effethve runnlng of the org•nlullon. The Boord may delegate spedfl¢ onI and dedslon to any of the Trwtee•, •cYn9 •lon• or togelher (•nd Ltjvally 2 tnjiteei would be InJtrud•d), who VAII then report to the fvN 8o•rd. R•l•t•d p•rtl•• and Ww•P•rntlon fth oth•r orq•nl••tlon• lont ol our recelN remunerntlon or rther benefit Irom th¢lr wlth the Chthrlty. cfjnnectlon bween trustee or wilor m•nager ol the Ch•rfty wlth rI¢• user, extem81 contrae<or or iuppller of Jerrflces must dlgclosed ta th• full bo•rd of trurt•tt In th• um• way ai •ny other contr•¢tu41 r•latlon•hlp wlth • reS•t•d p•rty. In th• oJrr•irt y••r• •lry suth related p•rty trnns•ttkni h•v• b•efi fvlly dlKloMd lo th• fvll board of trusteej. All fttsted p•rty tr•nM¢tkni• •rn m•n•ged In •cconl•nc• wlth the Ch•rltyS Artldei of AMod•tlon. All trnng•Ctloni Ind KtMty•# InvoMn9 Ory•nlMttan# In whlch • trwste• may h•v• •n Internrt •r• ¢ondu¢t•d •t •m'• len9th •nd In •¢¢•fd•K• wlth the ftNand•l and procurnment wocedurn rkn to the small ilze of the thariri volunreern irn recrubted on • rnlllng-basli. Our volunteern •r• made up of dlfferent groups Irom unlvernlty students to pmlesslon•ls. Slmllarly we agpolnt prolessK)l ch•mplonJ to volunteer on • number ol them•tk commlttees relevart to the charftyts obJectl¥e¥ and they •re provbded wlth InformJtlon •• well •J ongolng cwnmunk•UM. •l•v•ne• •nd Admlnl•tr•tlfv D•tll• Mi D•nlel• D•nl•-Smlth L•dy A NberPtr Ch•rlty Ilumb•r 1167825 Comp•ny Numb•r 09832061 44 thaMpton Bulldlngj London WC2A IAP Ind•p•Ddwt Exmln•r Suresh Nadesapllljl CJllbrnte Accvuntlnq Umlted 26 Ajlonby Wiy Aylesbury HP21 7JA B•nk•r• Uoyds Bank i eutler Plxe Westmlnster London. SWIH OPR q•3
21 Tru•t•w' ft•port (umtlnu•d) V•r Th• Y••r end•d 5 Aprfl 202$ prtnclplu In lh• Ch•rfty SW. I•11015
21 14XJI Ithp 101 I •A& LJknv LM
Spark 21 Stat•m•nt of Flnanclal Actlvltl•• (Includlng Incom• and Exp•ndltur• Account) For The Year Ended 5 Aprll 2025 Apfll 202• J Aprll 2024 Unf••tpl¢t•d Ilnr••trl¢t•d nd• lund• Il•t•• zNcoMe AND ENDOWMeKrs FAOMI rlt•ble Ktmuei: Other •(tlvltl DonJtlon• Indudlng Glft Akl spon41p 16,321 J6,269 32,174 2.560 667 14.$02 9.111 45.078 2.560 92 1.991 71,353 EXPtIlDITURI ¢)Nt Palslng fvndi CMflt•blt XIMU. {4•,312) <53.959) Iier XNCONt 19,679 17,391 NET P40VtMEIIT IN PV14DS RtCOllClLIATtON OV FVND•I Tèt•l funds brvJoht fofwjrd YOTAL 14IMDS CARAIED POftWARD 19,679 17,394 21.381 3.987 41,060 Tb• n(*•s on p•w 8 10 11 fm of th•$• fln•rKl•l •tat•m•nts.
Sp•rk 21 A• At S Aprfl 2025 S 2029 5 Aprfd 2024 fvnd• tund• 250 6,076 44.748 37MJ 51,074 37,983 io (10,014) (16,602) 41.060 21.381 41.060 21.381 cr Assrrs 21,381 PUND• OP The CHARITY 41,060 21.3•1 TOTAL VUND• Comp•nlrf Act 2 2006. •m•ll comp•nlrf r•gim•. On b•h•lf al lh• bo• M• nl•l• O•nli.Smth 1•11212023
sr 21 Ilot•• to th• Flfincl•l Stst•m•nts For Th• Y•ar End•d 5 Aprfl 2025 Sp•th 11 h • cOmnY Nmlt•O by gu•rnrt•e, Incwpor•ted In Er4l•ThJ & W•lM• reglstwJ numbw 09832061 r•gw•d thwy nwnb•r 1167025. Th• I•9¢0 offlc• 11 44 South•Iryt B(Aldlngs, Lotxlon. wcz4 IAP. •cttyd•nc4 wlth th• Fbrt•nd•l A•99 St•nd•rd •ppll¢•bl• In UK •nd gf irnl•nd (FPS 102) {•ff•¢tl¥• I J•nu•ry 2019)., Fth•nd•l SL•nd•rd 102 Tr Fln•nd•l A•ptylty St•nd•nl •pplc•bl• lft th• UK •nd P•ble ol lrnl•rA1" •nd the C4xnp•NO Act 2006. Th• d141>11 C&T4>•ry 11 • O¢nrfrt Ertlty M dthlned ty FRS 102. 2.2. l¥nd A(¢wrttln• r•ll•i4y m•••urnd. Th• lollowlty pollcs •r• •pplled to p•rUcvl•r ctegtyles rf Inc•rn•.' •nd It• •fflourt c4n b• mu•ur•d rnl•bty. Incom• from don•t•d good• h m•wr•d •t th• f•lr v•lu• th• goods urA•M th1• kn Imw•thl to rn••1• r•ll•bly. In contrlbutlon• ol gw111 volunteer•. d•••in•d •• UnrtrIctd fund• unl•M th•rn kn • ¢tr*du•1 r•WrwMrt Ifrf It W b• Ipqnt M • p•rtloJl•r ypo•• • rntum•d W unwnt,In whlth c•M R m•y b• r•9•rd•d •• f•KrI. ndlluf• l• th• ch•rlty •pwnt•d to ch•n¢•W• •LV¥•I. •Mp•ndKur• M th•rft•bl• •ctrltl• •cilvlty •r• •lloc•t•d dl • r••&)n•bl•• Ju•tffi•bl•
Sp•rk 21 Nots• to th• Flnanclal St•t•m•nt• {contlnu•d) For Th• Y••r End•d 5 Aprfl 2025 ?.s. •to¢kn •nd W•pk In Pr••rn Stockn •nd or In wogr••• •rn v•lued •t th• low•r ol cort •nd n•t rn•N••bl• v4u• •ft•r m•ktrffj du• •ll¢w•nc• lot bwlet• •nd SmovIng •to¢ Cort l• d•t•rmin•d ullng th• flrrt4n, fft•th. Cort IndUd •ll dlr•ct eort• •nd •n •pproprf•t• woportkn ol fl¥ed •nd v•rl•bl• )verhe•d•. Work In progrvl l• rflert In th• On • contr•rt by tontr•et b••l• by r•cordlno turnovff •nd r•l•t•d coth contrKt •ctlvlty pnwreiM•. At ih• •nd ol ••th rnportlng pwlod •tock• •r• •ssJ•ed lor Imp•lrrnent. 11 •n It•m ol •lod¢ l• Imp•lr•d th• Id•niin•d •iXt Is reduced to li• ielllng prlce costs to tompl•t• •ftd Mll •nd •n Imp•lrm•nt tMrg• l• r•cognlMd In thq •t•ternent ol fln•ncl•l lctlvltl. Whèr• • revewl of th• lrnp•lment Is requlred th• Imp•lrment th•rg• h r•v•r••di UP to th• orlgln•l Imp•lrnwrt k)ii, •nO M r•¢oonlMd •• • u•dll In th• •t•t•m•nt oi nn•ncl•l •ctlvltle•. 2.6. C••h •nd C••h Iqul¥•l•nts C•th •nd c•sh •qul¥•l•nt• •r• b•ik fln•ncl•l IS1$ •nd Indud• cash In hand •nd dwlts held •t c•ll wlth b•nk•. oiher bhort-term hhly Ibquld Investments that m•tur• In no more th•n three monthl from the dite of •cqul•Jtl¢)n •nd w• r••dlly conv•rt•ty• t• • •rnount of c4•h wlth Inlgnlfic•rt rl•k ol th•ng• In v•lue, •nd b•nk ov•rdT•ft•. Aprfl 202J 0 Aprfl 2024 nd• fvnd• 667 92 J Aprll 202J ArtMtI und•rtak•n dlr•rtly luprt (Me no¢• 5) Tot•1 •hlng fvnd• 46,214 2,098 48,312 • Aptll 2024 ¥nd•rt•lt•n dlf•rtly ¢o•t• (Me nrt• S) Tot•1 I•1n0 fvnd• Sl,lJ9 2,520 53,959 S. •upport Co•ts A1 2025 Aml•lng fund• G•n•r•l •dmlnlrtr•llon 2,098
Spark 21 Notss to th• Flnanclal Ststem•nts (contlnu•d) For Tho Year Ended S Aprfl 2025 S Aprll 2024 lund• 2.S20 • Aprtl 2025 • Aprll 2024 650 An •wu•l Jf £650 lleon In tl •c¢ounts for th• ye•r In reipert al th• Independent •x•mIn•1 lee (2024:£725). Aptll 202S B Aprll 2024 W•ges •Thd s•l•rt 15,51S 1,272 1.841 16,787 Plo wnployott recol¥d empltyfft ben•fits lexdydSng •mploy4r PInon costs) for th• reportlng pqrfod. Aw•9• Nmb•r rf wftployeu durfng th• year w••: l (2024: 1) 5 Aprfl 2025 S Apvll 2924 250 500 5 Aprfl 2025 S Aprll 2024 I>u• flthln Wb• y••r Tr¥de detknrn 4,2SO 1.826 6,076 Debtm •r• r•¢•on&ed •t thelr Mtdernent v•lu• •nd •r• •M rttefv•bf• wlthln on• y••r. gelo
Spark 21 Not•• to th• Flnanclal Ststements (contlnued) For The Yr Ended 5 Aprll 2025 ii. f¥•dkni AMOU P•lllnq Du• Wlthln OM 5 Aprtl 2025 5 Aprtl 2024 Trnde credltarn 3,280 9.5t)O 2,127 1,695 8,464 Y•x•tkn •ftd Iecurfty 1,SSO 10,014 16,602 A• •t • Aprfl 2024 A• It S AptH 2029 Incom• ixp•ndII• 21.381 67,991 (48.312) 41.060 Tot•1 lund• 21.381 67.991 (48,312) A••tl A• •t S Aprli 2024 2022 3,987 71.353 153.9S9) 21.381 T•l•l f¥nd• 3,987 71.353 (53.959) 21.381 IJ. Rd•t•d p•rty Ol•dowr•• Ther• was • b•l•nc• of £8,564 (2024.'£9.500> du• to Obellsk Leg•1 Support Solutjons Ltd •t th• ye•r end In resptrt •f • non Interest be•rtng loan. A notlon•l rent of É2.560 (2024'.£2.560) Is ch•ryed by ObeNsk Legal Support S•lutloM Ltd but Is ovwed by • don•tkn for th1• s•m• •m¢yJnL ¢h ol th• dlr•ctorn comp•ry ts • Trust•• ol th• trrtty. Durfno th• y••r. th• ¢h•rlty In¥olced £2,250 to Ob•Mth L49•l Supwt SokrtSo• Ltd. 14. C•mp•ny Ilmlt•d by •uar•Tht•• Th• comp•ny li Ilrnlt•d ty gu•rnnt•• •nd no c•pllal. P•9• 11