Charity registration No. 119 1751 Company registration No. OCE024183 (England and Wales) Spark Community Space Annual Report and Unaudited Accounts 31 March 2024
park Communlty Spac¢ Contetsts Page Company infonnation Trustee's report Independent EKaminerfs Report Profit and 108s account B21ante shett Not¢8 ta the accounts 9-13
LazAI Adffllttl6tAth7e Intornatio Ch•rlty 1191751 Compw llwDb•r CE024183 PAknolplt addre Unit 12, The Pompey Centre South$ea PortSrnDuth P04 88L Jathc Evons- Chair RcbEcL Simmons- Projcct IA>Ui8e M8nt- Secretary Hatriet I¢11- S&fegugJding lead (from Jan 20241 Jndepvttdezlt BC&A Clwiered Accountan 16J- 163 Qrove SllUtTra Hamp&hJre P05 ILU
Spark Communlty Space Trustees, aAmual report For the perlod ended 31 March 2024 Pollcles and Proeedures All policies and procedures are review¢d annually. They are given to new trustees and volunteers when inducted. The Volunteer Handbook 18 given to all new volunteers. Organlsatlonal Structure 4 Trustees Project Manager- paid. Admin 8UPPOrt- paid. Event8 and fundraising coordinator- p8id. Grant coordinator- unpaid 48 volunteers 12 business mentors to support Project Manager Original founders of the clwity became the initial trustees. As original trustees have stepped down, remaining trustees have selected new trustees who support the ¢harity4s objectives. SumnrY of the Objectlves of the Charfty To promote social inclusion for the public benefit preventing people from beconiing sotrAally excluded. To relieve the needs of people who sociajly exduded and assisting them to intwate into society and to do so through the operation of a community facility in Hampshire providing practic8J opportunities for engagement and reintegration. Summary of the Maln Actlvltles Pay what YOU Cgn afford community c8le, whlch includes other charities and community groups that support our objectives. workshops and small day events open to all users. podcast room for community use. Trnstees Statement regardlng adherence to the guldance on pubuc b¢nellt. The trustees have done due diligence regarding all finaJ]ci81 &xpenses, ensuring the objectives of the charity are met for the benefit of th¢ public. Trustee5 have read Charity Commission guidelines for trustees. Grants All grants applied for meet the ChltieS objectives to make the cafe a t)ay what you can, space and provide workshops for users. They also provide wages for our part- timc staff. As a charity, we do not give grants. Contslbutlon made by volunteer¥. Volunteers are encouraged to engage with public user8. serving and chatting with Several have helped Bet up a games area where users can take part in board games during their time in the cafe.
Spark Communlty Space Trustees. annual report For the perlod ended 31 March 2024 Volunteers are trained to use the new kitchen facilities at Fratton Park and to manage the space, which includes a cnffee shop, arcas for users to work quietly using the Wi-Fi, sales of books, games. DVDS and bric -a- brac and space for users to read or play board games, creating social opportunities. Podcast room is up and running and volunteers can also be trained and upskilled to use this facilAty. Achlevements and Perforlnanee The space at Fratton Park is now up and running. the space has been decorated and furnished through gratS and donations, using artwork by local artists to create a comfortable and flexible community space. The pudcast room has just been flnished, providing a place for anyone from the community Lo create content and build online communities. The charity now has 48 volunteers, 18 of whotll e Beneficiaries, and 4 are °BuddY volunteers, rneIng they have a supporter with them to ensure that they are safe and encouraged to develop their SOCI skills. We have 4 paid pafc-time workers. Since the space opened, we have served 5,491 cups of coffee, 3. 157 toastics, 2,127 slices of cake and run 100 creative and wellbeing sessions. In an average week we see at least 250 people accesslng our space. The charity spaee continues to be used by other groups and services to bring clients to. These are: Solent Mind, NHS Solent, PCC Community Connections. You Trust, Island Network Group. Home Instead, Minstead Trust, Hope Project's Circle of Support. 10 different Doctor's surgeries will be socially prescribing attend8nce at Spark to patients whose hcalth is being adversely affected by lorteliness and isolation, St James, mental health team also bring in patients who are transitioning from hospitgl to the community to help them with reintegration, and the Job Centre long-term unemployment departtnent are running a Job Club from the cafe. A Dementia support group J a Pain clinic and an ADHD awareness group all use our space. People using emergency housing in a nearby hotel can use Spark as a safe space as we are officially registered as suth with the council. In addition to this, many people pass by the cafe and attend regularly, either with other family members and frlends or because they have met and made friends in the cafe. Our social media (Thvitter, Facebook, Instagraml media presence (newspapers, radio, blogs, podcasts) also attracts people to the project both locally and nationally. Our e-newsletter goes out by monthly to gn average of 200 recipients. The Ch¢ity continues to have a huge impact on the users and volunteers. It has increased seif-worth and confidence of its beneficiaries, allowing several to apply for other jobs for the rSt time. It has prnvided a safe place for users to rnake connections supported those facing both mental, emotional, and physical challenges. The increasing number of group users have found the space to be a guaTgnteed safe place to meet, allowing their clients to spark back into life. The charity has continued to support users in workshops run through PCC, attending a pantomime, and a Christmas dinner at the Queen's Hotel paid for by donations from local businesses. Volunteers were treated to an afternoon tea
Spark Communlty Space Trnste¢s' annual report For the perlod ended 31 March 2024 catered by the Queen's Hotel in the summer as a thankyou frorn the project. The Project Manager continues to network across the city with a vast number of groups. including: BNI Southsea and H8Jnpshire, Portsmouth Business Enterprise, B2B, Linkedln Portsmouth, Together We Can Portsmouth, The Lk Network, Love Southsea, The Hive, The Mental Health Hub, QA Hospitsl Women's Awareness. These connections have supported the charity's activities, donating time, resources, and expertise to further the objectives and support our benefIciLeS arAd users. Achlcvements agalnst obJectlve8 set. Setting up permanent space and podcasting/social network space have all been achieved in this last year. Perfornwice of fundrnlsxng aetlvltles agalnst objectlves set. Summer b811 held £8,075 mma W¢atherstone la Spk Ambassador) birthday fundraiser- £125 Ambassador Programme1£50 per monthl - 12 people,2@ £100 per month Business Bespoke £2,500 ASDA Foundation £25,000 Walk the 181and £12,000 Investment perfonnance Agalnst obJ¢etlve$ oney raised has been spent on the Space, on staIr8 and running c08ts and running creative wellbeing sessions. Flnanclal Revlew The charity Currently does not have any reserved funding. Funding pots from Grant Making bodies, donation8 from local businesses and public, fundraising activities, busines8 ambassador progrgmme. Prlnclpal rtsks faclng the chttrlty. Risks created by the Covid pandemic are now receding and our long-terni lease and fmancial security mean that there are no current particular risks.
Spark Communlty Space Trnstees, annual report For the perlod ended 31 March 2024 Deelaratlon The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees. Jackie Evans Chair 29 May 2024
Spark Communlty Space Independent Examlne£s Report For the year ended 31 March 2024 To The Tru•tee• of Spark Communlty Space I report on the accounts of the clwity for the year ended 31 March 2024. R¢sp¢¢tsv¢ responbIlItIeS of tru¥te¢$ and enmlner The charity's trustees are responsible for the prep#Trtion of the accounts. The ChIty'S trustees consider that an audit is not required for this Ye under Section 144121 of the Charities Act 2011 aad that afL independent exajnination 18 needed. It is my responsibility to: - exAtnine the accounts under section 145 of the 2011 Act; - to follow the procedures laid dosFn in the general Directions gtven by the ChaTity COD11$s1on under section 145151(bl of the 2011 Act" and - to state whether pgrticular matters have conie to my attention. Basts of ex•mlnef$ $ttement My examination was co1ed out in accord8nce with the general Directions given by the Charity Conuni8sioD. An &Yarnination includes a review of the aeeountiThg reeords kept by the eTrLarity and a ComplS0n of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations frow you as trustees concerning any such matters. The procedures undert81(en do not provide aji the evidence that would be requiied in an audit and consequently no opinion is given as to whether the accounts present a rue and fair view. and the report is limited to those matters set out in the statement below. Indep•nd¢nt txamlneP# qualified #t*tentent Subject to the limitations upon the scope of my work as detailed above. in connection with my examination, I can confirni that in the course of my examination, no tter has cowe to my attention. N8me.' T8hir Ahmed. FCA, ACM4, B&IHoFkFI BC&A Chartered Accountants 161-163 Elm Grove, Southsea, Hampshire, P05 ILU 31 May 2024
Spark Communlty Space Staternent of Finattclal Actlvltles For the year ended 31 March 2024 Unrestrieted Restricted Totsl Total Fund8 Funds Pund8 Fund8 Note8 2024 2024 2024 2023 Ineome and endowm¢ttt#: Charitable activities 54,158 23,817 19,470 97,445 167,851 222,009 23,817 19,470 265,296 78.748 10,374 11.738 100,860 Other trading activities Other income Total Income axkd endowments 167,851 ¢ndltur¢ Direct cost of generating funds Charitable activities 20,364 62,778 83,142 20,364 115,745 136,109 13,611 55,948 69.559 52,967 52,967 Total eh*tltable expertdltllre Net movement In funds 14,303 114,884 129,187 31.301 Fund balances at l April 2023 16.546 54,485 71,031 .39,730 Fund bthnc¢¥ at 31 f4larth 21r44 30,84g 169,369 200,219 71,031
Spark Communlty 8pac¢ EAlance Sheet Ats at 31 T•lareh 2024 riote¥ 2023 Vlxed a55ets: TBn8ible assets io 24,238 1,621 Current asgets." Debtors Cash at bank Bnd hand T(tsl eurrent oss¥ts li 12 10,531 168 521 179,052 L4,165 70,270 CredLtors [lIng due Thrythin l year 13 3,072 860 Het eutrettt 175.980 69.410 Net a•s•ts 200 218 The fimd# of the ehArlty. Unrestricted funds.. Gener81 filnds Totsl unrestsicted funds 14 30,849 30,849 16,546 Restricted income funds 169,369 54,485 Total ¢harlty fund 200 218 Thc company is cntitlcd to the cxcrnption froTU thr audit requireent contsincd in section 477 ofthe Compatiies A¢t 2006, for thc Ye ended 31 MCh 2024. The trU8tce8 acknowledge their responsibility for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing fInanciaL statements which give a trnc and fair view of the state of affairs of the company as &t the end of the fancial ycar of xts incoJnin8 rcsourcts and application of resources. including its income and expenditure, for the fllwLcAal year in accordance with the requirements ofthe Companies Act 2006 relating to fm8nci81 statements. so far as applicable to the company. The members have not required the company to obtain an 8Audit of its financiaL 5t&tements for the year in question in accordance with section 476. The fjnatsdai $tatern¢nts have been prepared in a¢cordATwe with the provisl¢)ns applicable to companies subject to the $mall companies regirne. Jackie EVPJ Approved by the Trnstees on 31 May 2024
Spark Community Spac¢ Notes to the accounts For the year ended 31 March 2024 l. Aceountlng pollcles Charlty loformatlon Spark Community Space is a private company limited by gu8Jantee incorporated in England and Wales. The re£kStered office is 161 Elm Grove, Southsea, Hampshire, P05 ILU. Accountlng conventlon. The accounts have been prepared in accordance with the charity's governing document, the Companies Act 2006 aJ]d "Accounting gnd Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK gnd Republic of Ireland {FRS 1021" las amended for accounting periods commencing from l January 20161. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bullet I not to prepare a Statement of Cash flows. The financial statements are prepared in Sterling, which is the functional cUencY of the charity. Monetary amounts in these financial staLements are rounded to the neest pound. The fInClaI statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principle accounting policies adopted are set out below. 1.2 Golng Concern At the time of approving the financial statements, the trustees have a reasonable expcctation that thc charity has adcquate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the fmancial statenlents. 1.3 Charitable funds Unrestricted funds e aVlable for use at the discretion of the trnstees in lurLherance ol iheir charitable objectives unless the ndS have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in thc notes to the rxnancigl statements. Endowment funds are subject to specific conditions by donors that the capitsl must be maintained by the charity. 1.4 Incoming resouTces Income is recognised when the chlty is legally entitled to it after any performance conditions have been met. the amounts can be measured reliably) and it AS probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the harity has been notified of the donation unless perforniance conditions required
Spark Community Space Notes to the accounts For the year ended 31 March 2024 deferral of the amount. Income tex recoverable in relation to donations received under Gift Pad or deeds of covetwit is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution. the amount is known, and receipt is expected. tf the amount is unknown, the legacy is treated as a contingent asset. Grants are credited as income in the year in which they are receivable. Grants received for specific purposes are accounted for as restricted funds. Grants are not recognised as receivable until all conditions for receipts have been complied with. 1.5 Resollree8 expended. All expenditure is accounted for on an accru8Js basis and includes VAT which cannot be recovered. 1.6 Tanglble Fix¢d As$¢ts Tangible Fixed Assets are initially measured at cost and Subsequently measured at cost or valuation, net of depreclation and any impairnient losses. Depreciation is recognised to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures, fittings & equipment: reducing balance method @20010 The gain or loss arising on the disposal of asset is deterniined as the difference between"th¢ sale proceeds and the carrying value of the asset and is regniSed in net income/lexpenditurel for the year. 1.7 Impalrment of flxed assets At each reporting end date, the chartty reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated to detern]ine the extent of the impairment loss lif anyl. 1,8 Cash ¢A8h equlv&ientB Cash and cash equivalents include cash in h3JLd. deposit8 held at call with banks, other short term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdr8lts are shown within borrowings in current liabilities. Crftlcai accounting estlmate$ and Judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and assuTnpts"ons are based on historical experience and other factors that are relevat. Actu8J results nLay differ from these estimates. The estimates and underlyAng assumptions are reviewed on am ongoing basis. R¢visions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 10
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11.T66 75 673 U 831 A5 J AwU2024 2.242 14.530 2.242 .315 At31 1&20 A2 &t l ApYA2Q24 ehArvforthv dgi 1.695 1375 JI 2r124 At81 MBrth2O24 At3L L28 1.521 1,62L 11 ly ¢¢tr*Vaba 4.2 1.042 56.1tr5 2642g6 i.fj 44.315 136,109 ¥56 12
bl£ Unrtrtrirtcd ne[BItl 97.446 kn1&yH¥tTk wryAhtt7pr2xd thr thE purchw phoue. Thirtwoieno th¥Eloble rilated pllrtYttr6£nath1r*thÈperitiÈLl2021-N1 13