## **Trustees’ Annual Report for the period**
**From Period start date: 25[th] June 2021 To: 24 June 2022 Period end date**
## **24/04/2023**
## **Charity name: THE SPARKLE FOUNDATION UK**
## **Charity registration number: 1192213**
## **Objectives and Activities**
The Sparkle Foundation is a UK based charity helping people in need across the UK run by volunteers. We support people living in poverty, or in crisis, ill health, domestic abuse situations, bereaved, often people who have nowhere else to go to help their situation and help them move forward. We deliver our services with heart, soul and without judgement, enabling people to feel equal
## **What the charity does:**
General Charitable Purposes Disability The Prevention or Relief of Poverty
## **Who the charity helps:**
Children/young People Elderly/old People People With Disabilities
## **How the charity helps:**
Makes Grants to Individuals Makes Grants to Organisations Provides Services Acts as an Umbrella Or Resource Body
**Where the charity operates:** Throughout England and Wales
1
## **Achievements and Performance**
**Including:** Achievements against objectives set
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole for public benefit
The Sparkle Foundation UK was born due to a multi need basis for public benefit. The Sparkle Foundation UK charity is run by volunteers.
The Sparkle Foundation UK has had a challenging year like many crisis charities, with supporting service users who are experiencing the long term effects of COVID and the ongoing issues created by the pandemic. Long term issues such as, mental health issues, physical health as well as the cost of living and the increased amount of people living in poverty. The trustees, volunteers and supporters have worked incredibly hard to support our service users and have seen a huge increase in demand for our support.
We have taken a work smarter approach to ensure our charity is in line with our charitable aims and objectives to best serve the public.
Due to the tragic loss of a member of our team and terminal illness of another trustee, we have employed a member of staff to ensure the charity goes from strength to strength and serves it purpose and strengthen its infrastructure.
We sought advice from the charity commission where required, to align with our aims and objectives.
The Sparkle Foundation UK prides itself on being a reactive charity, supplying food, clothing, life essentials as quickly as possible to our most vulnerable members of society.
We provided one to one sessions and group therapy sessions for mental health, provided by professional therapists.
Due to the rise in male suicide rates and the tragic loss of a supporter who died by suicide, we have campaigned to de-stigmatise men’s’ mental health issues and started 'Steve's Legacy' a weekly men’s mental health group.
We are extremely proud of the work and support we have given.
All trustees are volunteers. We have overhauled our procedures to ensure we are working within our aims and objectives as we had to adapt the previous year due to the pandemic.
We thank previous trustees for their help and support and welcome new trustees on board.
The charity sector and challenges all charities face are ever evolving and we are doing everything within our power by using the charity commission trustee guide lines and professional guidance to best serve the public and remain compliant. This year had been educational for us all and we look forward to continuing to support the public.
2
## **STATEMENT OF FINANCIAL ACTIVITIES (incorporating income and expenditure account) FOR THE YEAR ENDED 24[th] June 2022**
|_Notes_
**Incoming resources**
**Incoming**
**resources**
**from generated funds**
Donations
_2_
Restricted Grants
_2_
Unrestricted Grants
_2_
Fundraising Income
_2_
**Total incoming**
**resources**
**Resources expended**
Cost of generating funds
_3_
Governance costs
_4_
**Total resources**
**expended**
**Net (outgoing)/incoming**
**resources for the**
**year/net**
**(expenditure)/income**
**for the year**
Total funds brought
forward
**Total funds carried**
**forward**|Restricted
funds
£
0
40,422
0
0
40,422
35259.64
5162.65
40,422
0
0
0|Unrestricted
funds
£
9,796
0
11,664
13,555
35,015
27,263
7,673
34,936
79
262
341|**Total**
**2022**
**£**
**9,796**
**40,422**
**11,664**
**13,555**
**75,438**
**62,523**
**12,836**
**75,359**
**79**
**262**
**341**|Total
2021
£
18,698
2,500
42,419
0
63,617|
|---|---|---|---|---|
|||||40157
23198|
|||||63,355|
|||||262
0|
|||||262|
3
## **BALANCE SHEET AS AT 24[TH] June 2022**
|_Notes_
**Fixed assets**
8
**Current assets**
Cash at bank
Cash in hand
**Creditors: amounts falling**
**due within one year**
_7_
**Net current assets**
Total assets less current
liabilities
Accruals and deferred income
_7_
**Net assets**
**Funds**
_9_
Restricted funds
Unrestricted funds
**Total funds**|**£**
**270**
1,058
523|**2022**
2021
**£**
£
**-**
-
**1,141**
,281
1,281
**-800**
-1018
**341**
262
**0**
0
**341**
262
**341**
262|
|---|---|---|
||**1,581**
**-709**||
||||
The financial statements were approved by the Trustees on 24th April 2023:
The notes on pages **5 to 8** form part of these financial statements.
4
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 24[th] June 2022**
## **ACCOUNTING POLICIES**
## **1.1. BASIS OF PREPARATION OF FINANCIAL STATEMENT**
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' published in March 2005 and applicable accounting standards
## **1.2. FUND ACCOUNTING**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
## **1.3. INCOMING RESOURCES**
All incoming resources are included in the Statement of financial activities when the charity has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability. Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
## **1.4. RESOURCES EXPENDED**
Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources. Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
5
## **2 DONATIONS**
|**2**|**DONATIONS**||||||
|---|---|---|---|---|---|---|
|||Restricted|Unrestricted||**Total**|
Total|
|||funds|funds||**2022**|2021|
|||£|£|**£**||£|
||General donations|0|9,796||**9,796**|18,698|
||Raffle/Auction income||13,555||**13,555**|0|
||Restricted Grants|40422|0||**40,422**|2,500|
||Unrestricted Grants|0|11,664||**11,664**|42,419|
|||40422|35,015||**75,438**|63,617|
|**3**|**COSTS OF GENERATING**
**INCOME**|**VOLUNTARY**|||||
|||Restricted|Unrestricted||**Total**|
Total|
|||funds|funds||**2022**|2021|
|||£|£|**£**||£|
||Fundraising & promotions|1477|4,872||**6,350**|10,335|
||Cost of generating
donations|33783|22,391||**56,173**|38,403|
|||35260|27,263||**62,523**|48,738|
|**4**|**GOVERNANCE COSTS**||||||
|---|---|---|---|---|---|---|
|||Restricted|Unrestricted||**Total**|
Total|
|||funds|funds||**2022**|2021|
|||£|£|**£**||£|
||Accountancy and
bookkeeping|0|403||**403**|1,018|
||General Administrative
Costs|5163|7,271||**12,433**|16,097|
|||5163|7,673||**12,836**|17,115|
## **5 NET INCOME**
None of the trustees (or any persons connected with them) received expenses during the year and no remuneration was paid to trustees (or any persons connected with them) as workshop leaders. During the year, no Trustees received any benefits in kind.
6
## **6 STAFF COSTS**
The charity has no employees other than the Trustees, who did not receive any remuneration. No employee received remuneration amounting to more than £60,000 in the year.
## **7 CREDITORS**
|**CREDITORS**||
|---|---|
|Trade creditors
Accruals and
deferred income|**2022**
2021
**£**
£
**709**
2,324
**800**
1018|
||**1,509**
3,342|
## **TANGIBLE FIXED 8 ASSETS**
|**Cost**
At 25th June 2021
Additions
Disposals
As at 24th June 2022
**Depreciation**
At 25th June 2021
Charge for the year
As at 24th June 2022
**Net book value**
At 25th June 2021
As at 24th June 2022|Plant &
Machinery
£
0
360
0
360
0
90
90
0
270|Motor
Vehicles
£
0
0
0
0
0
0
0
0
0|Computer
Equipment
£
0
0
0
0
0
0
0
0
0|**Total**
**£**
**0**
**360**
**0**|
|---|---|---|---|---|
|||||**360**|
|||||**0**
**90**|
|||||**90**|
|||||**0**|
|||||**270**|
7
## **9 STATEMENT OF FUNDS**
||**Brought**|**Incoming**|**Resources**|**Carried**|
|---|---|---|---|---|
||**Forward**|**resources**|**Expended**|**Forward**|
||**£**|**£**|**£**|**£**|
|General fund|262|35,015|34,936|**341**|
|Restricted funds|0|40,422|40,422|**0**|
|Total of funds|**0**|**75,438**|**75,359**|**341**|
## **Analysis of net assets between funds**
|**funds**|||||
|---|---|---|---|---|
|Fixed assets
Current assets
Current liabilities|Restricted
funds
£
0
0
0
0|Unrestricted
funds
£
270
1,581
-1,509
341|**Total**
**2022**
**£**
**270**
**1581**
**-1509**
**341**|Total
2021
£
3605
-3343|
|||||262|
## **Purpose of restricted funds**
Restricted funds are to be used for specified purposes as laid down by the donor. The trustees believe that sufficient resources are held in an appropriate form to enable each fund to be applied in accordance with the restrictions.
8
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 24[th] June 2022**
9
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Contact U5
hello@thesparklefoundationuk.co.uk
1nfo@thesparklefoundationuk.co.uk
07824 997 674
33 St Peters Way. TR13 9AY
Foundatlon UK
Charity re8lStration- 1192213
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41 Tankervkle Street
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