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2025-06-24-accounts

Trustees’ Annual Report for the period

From Period start date: 25/06/2024 – 24/06/2025 Charity name: THE SPARKLE FOUNDATION UK Charity registration number: 1192213

The Sparkle Foundation UK – TAR 24-25

Structure, Governance, and Management

Our Lived-Experience Model

Our approach is deeply rooted in lived experience. Every one of our trustees and volunteers has direct personal experience of the issues we address. We operate a peer-led model where the majority of service delivery is run by previous service users. We have actively upskilled former service users, many of whom have progressed to become committed volunteers and trained facilitators. Currently, one-third of our trustees and group facilitators are themselves former service users. We are all volunteers.

Governance & Compliance

We maintain strong working relationships with GPs, schools, colleges, local authorities, social prescribers, social services, community groups, and partner charities. We operate fully in accordance with Charity Commission guidance and regularly seek professional advice to ensure we deliver the best possible service while remaining compliant.

Partnership with Grant Makers

We work in close partnership with our grant makers, who regularly visit us and engage directly with our groups. Together, we collaborate to evidence our work and clearly demonstrate the impact made possible through their support.

The Sparkle Foundation 1192213 25/06/2024 – 24/06/2025

Objectives and Activities

The Sparkle Foundation UK provides vital, compassionate support to individuals and families facing poverty, crisis, mental health challenges, and trauma, providing clear and measurable public benefit.

Public Benefit Statement

The Trustees have complied with their duty to have due regard to the Charity Commission’s public benefit guidance. This year has been exceptionally demanding; the persistent cost-ofliving crisis and rising financial pressures have driven a significant increase in demand. Many people are experiencing working poverty, while others have been pushed deeper into hardship. We have worked creatively and tirelessly to ensure timely, dignified help is available when it is needed most.

Achievements and Performance

We continue to buddy with other charities to complement each other’s services and fill critical gaps in immediate care.

Mental Health & Wellbeing Support

The Sparkle Foundation 1192213 25/06/2024 – 24/06/2025

Community Outreach & Practical Aid

Awards & Recognition

The Trustees are proud to share that The Sparkle Foundation UK has been nominated for The King’s Award for Voluntary Service (KAVS), the highest award given to local volunteer groups across the UK. This nomination serves as a testament to the exceptional commitment of our volunteer team and the positive difference they continue to make in our local community. While we await the official announcement in November, we are deeply honoured that the impact of our work has been recognised at this national level.

Financial Review

Overview

In many cases, we remain the only accessible and timely support available, particularly for those in acute crisis or facing long waiting lists. For the financial year ending 24 June 2024, our total income was £84,792 and total expenditure was £87,229. For the financial year ended 24[th] June 2025 our total income was £131,428 and total expenditure was £108,754.

Reserves Policy

The trustees have reviewed the level of unrestricted reserves appropriate to meet our charitable objectives in the event of a temporary shortfall in income.

The Sparkle Foundation 1192213 25/06/2024 – 24/06/2025

Looking Ahead

It remains a very tough time for charities, but we recognise that it is even tougher for our service users. We will therefore continue to support them wherever we can, with grit, a great sense of humour, and the outstanding commitment of our supporters, volunteers, and trustees. We remain as strong as ever and are truly grateful to you all.

Declaration

The trustees declare that they have approved the trustees' report above.

Signed on behalf of the charity’s trustees:

Signature: Name: Leigh Yates BEM, BCa

Position: Chair of Trustees

Date:

The Sparkle Foundation 1192213 25/06/2024 – 24/06/2025

STATEMENT OF FINANCIAL ACTIVITIES (incorporating income and expenditure account) For the period 25 June 2024 to 24 June 2025

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
Crisis Fund Spending
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
£
-
104,972
-
-
104,972
-
55,873
8,248
64,120
40,852
5,252
46,104
Unrestricted
funds
£
5,352
-
21,103
1
26,456
10,742
15,160
18,731
44,634
- 18,178
- 4,294
- 22,472
Total
2025
£
5,352
104,972
21,103
1
131,428
10,742
71,033
26,979
108,754
22,674
958
23,632
Total
2024
£
16,456
47,006
21,330
-
84,792
7,822
57,868
21,539
87,229
-
2,437
3,395
958

The Sparkle Foundation 1192213 25/06/2024 – 24/06/2025

BALANCE SHEET

For the period 25 June 2024 to 24 June 2025

Notes
Fixed assets
9
Current assets
Cash at bank
Cash in hand
Creditors: amounts falling
due within one year
8
Net current assets

Total assets less current
liabilities
Accruals and deferred income
8
Net assets

Funds
11
Restricted funds
Unrestricted funds

Total funds
£
6,271
-
2025
£
£
18,900

1,266

-

1,266

518
24,724

- 1,090
23,635
46,104
- 22,472
23,632
2024
£




1,783
6,271
- 477
- 825
958
5,252
- 4,294
958

The Sparkle Foundation 1192213 25/06/2024 – 24/06/2025

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 24[th] June 2025

1. 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.

1.5. TANGIBLE FIXED ASSETS AND DEPRECIATION

All assets costing more than £100 are capitalised

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Long-term leasehold property - Over life of lease
Session equipment - 10% per annum
Plant & Machinery - 10% per annum
Computer Equipment - 33% per annum

The Sparkle Foundation 1192213 25/06/2024 – 24/06/2025

2 DONATIONS

Restricted
funds
£
General donations
0
Interest Income
0
Restricted Grants
104972
Unrestricted Grants
0
104972
3
COSTS OF GENERATING VOLUNTARY
INCOME
Restricted
funds
£
Fundraising & promotions
0
Direct Charity Spending
55873
55873
4
INVESTMENT INCOME
Restricted
funds
£
Interest Income
0
0
5
GOVERNANCE COSTS
Restricted
funds
£
Accountancy and bookkeeping
0
General Administrative
Costs
8248
8248
Unrestricted
funds
£
5,352
1
0
21,103
26,456
Unrestricted
funds
£
10,742
15,160
25,903
Unrestricted
funds
£
1
1
Unrestricted
funds
£
1,690
17,041
18,731
Total
2025
£
5,352
1
104,972
21,103
131,428
Total
2025
£
10,742
71,033
81,775
Total
2025
£
1
1
Total
2025
£
1,690
25,289
26,979
Total
2024
£
16,456
0
47,006
21,330
84,792
Total
2024
£
7,822
57,868
65,690
Total
2024
£
0
0
Total
2024
£
1,691
19,847
21,538

6 NET INCOME

None of the trustees (or any persons connected with them) received expenses During the year, no Trustees received any benefits in kind.

The Sparkle Foundation 1192213 25/06/2024 – 24/06/2025

7 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.

8 CREDITORS

Trade creditors
PAYE/NI/Pensions/wages
Accruals and deferred
income
2025
2024
£
£
518
- 638
- 71120
1,090825
1,537307
Cost
At 25th June 2024
Additions
Disposals
As at 24th June 2025
Depreciation
At 25th June 2024
Charge for the year
As at 24th June 2025
Net book value
At 25th June 2024
As at 24th June 2025
Plant &
Machinery
£
90
-
-
90
90
-
90
-
-
Motor
Vehicles
£
-
21,000
-
21,000
-
2,100
2,100
-
18,900
Computer
Equipment
£
-
-
-
-
-
-
-
-
-
Total
2025
£
90
21,000
-
21,090
90
2,100
2,190
-
18,900

The Sparkle Foundation 1192213 25/06/2024 – 24/06/2025

10 STATEMENT OF FUNDS

General fund
Restricted funds
Total of funds
Brought
Forward
£
- 4,294
5,252
958
Incoming
resources
£
26,456
104,972
131,428
Resources
Expended
£
44,634
64,120
108,754
Carried
Forward
£
- 22,472
46,104
23,632

11 ANALYSIS OF NET ASSETS BETWEEN FUNDS

BETWEEN FUNDS
Current assets
Current liabilities
Restricted
funds
£
46,104
-
-
Unrestricted
funds
£
- 20,810
- 1,662
- 22,472
Total
2025
£
25,293
- 1,662
23,632
Total
2024
£
1,266
- 307
959

The Sparkle Foundation 1192213 2510612024- 2410612025 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiners report on the accounts Report to the ttusteesl members of e Sparkle Foundation UK On accounts for the yea ende 4" June 2025 Charity n rfan 1192213 Set out on page I ieport to the tTuslee5 on my exatrination of the accoun15 of the above charity {Yhe Trusfi for tha year ended 2410612025 Responsibilities and basis As ihe charity's trustees, you are responSi￿e for the preparation of the of report accounts in accoidance wth the requiiemenls of the Chaiities Act 2011 fthe I report in respect of my examination of the Trusl's accounts carried out under section 145 of the 2011 Act and in carrySng oul my examination. I havè followed all the aprdicable DirectKJns qiven by the Charity commis￿on under seclion 145{5llb) of th8 Acl. Independent examiners statèmèntl have completed my examinalion. I confimi that no material matters have come to my attenllon in connedion ￿rith thè examSnation (other than that disdosed below") which qives me cause to believe that in. any material respèci.. the accounting iecoids were not kept in accordance with se(*on 130 of the Charities Act,. or the accou[￿ did not accoid wilh the accounling iecord5". or the accounls did not compty with ihe appliCa￿e requirements concerning the form and conlenl of accounts sel oul in the Charities (Accounis and Reports) Requlations 2008 other Ihan any requirement that thè accounts give a '"IiuÈ and fair. view which is not a matter consideied a5 part of an independent examination. I have no concerns and have comè across no other matters in connection wtth the exatninalion to which attention should be diawn in this ieport in order to ènaNe a propèr undèrstanding of the accounts lo be reach6d_ . Please delète the words in the brackets If theydo not apply. Date 4104r26 Signed Name Ral h Gabbali55 Relevant piofessiona qualifKation{sl or tx)dy I" any) NIA IER Oct 2018

The Sparkle Foundation 1192213 2510612024- 2410612025 Addiess Street Hartle ool S26 8DT Only cornplele il the examinei needs lo highlight tnalerial matters ol concein (see CC32. Independent exarThnalion of charity accounts.. directions and ouidance for examiners). Glve here brFel detalls of any items that the examiner wishes to disclose. At the Balance Sheet date Restricted Funds were usèd to supplèment unrestricted exPen¢￿t￿re to the amount of £22.472 due to the Charity buySng items at lavourable pri￿s. This was corrected the followng month by unre511icted donalions. IER (kt 2018