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2022-08-31-accounts

Spark (Burntwood) CIO

Annual report for year ending 31[st] August 2022

Spark (Burntwood ) is a CIO established in July 2019, charity registration number 1184253. Its address is Spark Springhill, Mossbank Avenue, Burntwood, WS7 4UN.

It has a Board of Trustees who are its only members: Linda Hood (Chair) Roderick Campbell Stephanie Edwards (since September 2021) Suzanne Kirk Sarah Lucas

Andrew Twyman (since January 2022)

Spark has a Senior Management Team comprising a Chief Executive Officer, a Chief Operating Officer, and a Chief Financial Officer, all employed on a part-time basis, plus a Volunteer Co-ordinator and others employed to do specific administrative and groupleading tasks. It also has a fantastic team of volunteer helpers who provide support with leading groups, administrative tasks and whatever needs doing. There are approximately 50 regular volunteer helpers as at August 31[st] 2022. Volunteers provide on average approximately 120 hours a week of volunteer time which equates to around 2.4 hours per volunteer.

Its charitable purposes are:

In order to achieve these purposes, Spark set its objectives for the year ending August 2022: to provide a setting and staffing (paid or voluntary) for groups aimed mainly, but not exclusively, at supporting families with pre-school children .

It has achieved these through:

In partnership with West Chadsmoor Family Centre, Spark also ran the Bright Beginnings Project (funded by the Big Lottery Fund) which employed two part-time family support workers and an Intervention Worker, together with administration and management staff. This Project (running for three years from September 2020 to August 2023) added more opportunities such as:

Spark also provides a setting for external providers to run activities and support services for families:

In October 2021 Spark was awarded a grant from the National Lottery to run the Grow and Thrive Project , which extends the reach of activities through wellbeing, financial resilience, volunteering and community connections support.

The aims of Grow and Thrive are:

People Aims

To enable those in greatest need in our community to both grow and thrive in their lives despite the difficulties which they may be facing, through:

-establishing routes to help service users grow in independence

-enabling peer support relationships, enabling people to help themselves and others

-improving wellbeing and enabling people to live healthy and active lives

Organisational aims :

-continue to facilitate joined-up working between charities locally to strengthen our community offer and organisational resilience

This allowed Spark to:

Financial review

During the year we received funding from various sources. Some was fees paid by people attending groups and rent for use of the premises; some was donations from local councils; some through being a nominated charity for local stores which held collections. The largest amount was from the National Lottery Community Fund for the Bright Beginnings Project, and also the initial stages of the Grow and Thrive Project. These projects required the appointment of more staff, and this means that the largest demand on funds is for staff salaries and associated costs, paid through the grant funding, with some support from Lichfield District Council.

During the coronavirus pandemic, Spark acted as a holding account for Burntwood Be A Friend which is in the process of registering as a charity in its own right (completed in September 2022).

The main areas of expenditure were staff salaries (for the Senior Management Team, Volunteer Co-ordinator, Family Support & Session leaders, Admin Time); the development of outdoor play areas; the provision of resource materials and costs of running the various groups.

Potential risks and uncertainties

Financial:

It is likely that grant-making bodies may re-assess their priorities, and local-authority bodies may face cutbacks in the availability of funds. However, because Spark draws on a mix of funding sources, statutory, charity, local and national, it is not anticipated that there will be

a large cut in income. The Trustee board regularly checks exposure to different funding streams to ensure that there is not over-reliance on any individual source. We have a Reserves Policy which addresses various potential scenarios and provides for a 3-6 month cushion in case of short-term decreases in funding.

Operational:

Future plans

Independent examiner’s report to the trustees of SPARK (Burntwood) CIO Trust

I report to the trustees on my examination of the accounts of the SPARK (Burntwood) CIO Trust (the Trust) for the year ended 31[st] August 2022.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 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.

Independent examiner’s statement

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:

  1. accounting records were not kept in respect of the Trust as required by section

130 of the Act; or

  1. the accounts do not accord with those records.

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 accounts to be reached.

Signed:

Name: Deborah Wellecomme

Relevant professional qualification or membership of professional bodies (if any): FMAAT Address: Support Staffordshire, Stafford Civic Centre, Riverside, Stafford ST16 3AQ Date: 26[th] May 2023

Financial Report

SPARK (Burntwood) CIO

Income and Expenditure Account

For the period 1 September 2021 to 31 August 2022

----- Start of picture text -----
Unrestricted Restricted Total
Funds Funds £
Notes
Income
Sales 3,837 - 3,837
Business Room Hire 2061 2061
Party Hire 440 440
Interest Received 66 66
Donation 4,687 - 4,687
Grants 11,844 196,111 207,955
Entertainment for Staff 1,508 1,508
Volunteers Event 100 - 100
General Refunds 118 - 118
Cash Paid In 430 430
Total Receipts 23,583 197,619 221,202
----- End of picture text -----

----- Start of picture text -----
Expenditure
Business Rates 220 220 440
Centre Resources 1,870 2,660 4,530
Cleaning 2,836 1,545 4,381
Donations made 129 129
Entertainment 1,300 1,813 3,113
Pension Contributions 409 7,315 7,724
Good & Materials 538 2,475 3,013
Insurance 658 658
IT Costs 1,306 542 1,848
Payroll Service 488 488
Phone Costs 391 1,228 1,619
Refund (Volunteers Socials) 35 35
Rent 7,988 7,988
Repairs & Renewals 1,000 1,904 2,904
Salary Payments 13,638 112,633 126,271
Session Leader Payments 1,049 591 1,640
Staff Expenses 2,810 1,506 4,316
Stationery 1,524 1,524
Sundry Expenses 403 403
Tax & NI to HMRC 2,169 14,463 16,632
Training 262 2,896 3,158
Volunteer Coordinator 31 2,674 2,705
Volunteer Expenses 1,690 4,011 5,701
Website & Software 590 638 1,228
Total payments 32,931 169,517 202,448
Net Income/(Payments) (9,348) 28,102 18,754
Cash Funds at the Start of this 27,857 (991) 26,866
period
Cash Funds at the end of this 18,509 27,111 45,620
period
----- End of picture text -----

This Trustees’ Annual Report has been prepared in accordance with the provisions applicable to CIOs. This report was approved by the Trustees of the charity on 24[th] May 2023 and signed on its behalf by

Signed……………………………………………………… Linda Hood Chair