## **Trustees’ Annual Report and Accounts** ## **SPARK OF HOPE** Charity Number: 1180513 Financial Year: 01 March 2023 – 28 February 2024 ## **Trustees’ Annual Report** ## **1. Reference and Administrative Details** **Charity name:** Spark of Hope **Charity number:** 1180513 **Principal address:** 16 Arthur Street Gravesend DA11 0PP **Telephone:** 07848 186266 **Email:** bksparkofhope@gmail.com **Website:** www.sparkofhope.co.uk **Trustees during the year:** - Rodney Johnson - Afarin Nejad ## **2. Structure, Governance and Management** Spark of Hope is a charitable organisation registered with the Charity Commission for England and Wales. The charity is governed by its constitution and managed by its trustees, who are responsible for overseeing the charity’s activities and ensuring compliance with regulatory requirements. ## **3. Objectives and Activities** The objects of the charity are the prevention or relief of poverty. Spark of Hope was established to: - Make food available for underprivileged children and their families - Support struggling institutional orphanages to become stable, loving, and nurturing homes - Establish healthcare and education programmes to support children and their families - Train women to provide care within the community During the financial year, the charity continued to have very limited activity and remained largely dormant due to low levels of funding. ## **4. Achievements and Performance** Due to limited income during the year, the charity undertook minimal charitable activity. Trustees focused on maintaining essential administrative functions and compliance, while continuing to explore opportunities for future fundraising. ## **5. Financial Review** During the year ended 28 February 2024: - Total income amounted to £90 - Total expenditure amounted to £130, relating to administrative costs - The charity recorded a deficit of £40 for the year The deficit was met from reserves brought forward from the previous year. At the year end, the charity held total funds of £102. ## **6. Reserves Policy** The charity maintains modest reserves to meet basic administrative costs. The trustees continue to monitor the reserves position carefully, given the low level of income. ## **7. Public Benefit Statement** The trustees have had due regard to the Charity Commission’s guidance on public benefit and confirm that the charity’s objectives and activities are carried out for the public benefit. ## **8. Plans for the Future** The trustees aim to focus on fundraising initiatives and partnerships in order to improve the charity’s financial position and enable the delivery of charitable activities in line with its objectives. ## **9. Trustees’ Responsibilities** The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and the Charities Act 2011. ## **10. Approval** This report was approved by the trustees and signed on their behalf by: ## **Rodney Johnson** Trustee Date: ___19 December 25___ ## **Receipts and Payments Accounts** ## **Receipts and Payments Statement** **For the year ended 28 February 2024** **Receipts** Donations and other income: £90 **Total receipts:** £90 ## **Payments** Administrative costs: £130 **Total payments:** £130 **Net deficit for the year:** £40 ## **Statement of Assets and Liabilities** ## **As at 28 February 2024** ## **Assets** Bank balance: £102 ## **Liabilities** None **Net assets:** £102 ## **Notes to the Accounts** ## 1. **Basis of preparation** The accounts have been prepared on a receipts and payments basis in accordance with the Charities Act 2011 and Charity Commission guidance for charities with income under £25,000. ## 2. **Income** Income during the year consisted of small donations. ## 3. **Expenditure** Expenditure during the year related solely to administrative costs. 4. **Trustee remuneration and expenses** No trustees received remuneration, and no trustee expenses were reimbursed during the year.