COMPANY REGISTRATION NUMBER: 12897013 CHARITY REGISTRATION NUMBER: 1193418
WHERE EVERY CHILD IS A SUCCESS STORY
SPARKS OF SUCCESS LTD Company Limited by Guarantee Unaudited Financial Statements 30 September 2023
WHITESIDE AND DAVIES LTD Chartered Accountants 158 Cromwell Road Salford M6 6DE
SPARKS OF SUCCESS LTD
Company Limited by Guarantee Financial Statements Year ended 30 September 2023
Contents
01.
WHAT WE DO
02.
WHAT WE DID OUR PROGRAMS EVIDENCE OF NEED OUR IMPACT TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
03.
05.
06.
08.
11.
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)
12.
13.
STATEMENT OF FINANCIAL POSITION
14.
NOTES TO THE FINANCIAL STATEMENTS
01
What We Do
Sparks of Success was founded to offer leisure, recreational, and skill-building opportunities to disadvantaged children in Salford, Manchester.
The charity is committed to creating the best possible opportunities for these children to thrive and develop their skills and emotional well-being, preparing them for the workplace despite their challenging circumstances. This initiative aims to enhance the quality of life for many disadvantaged children.
02
WHAT WE DID
We were excited to support our 'GEMS' after-school club, which served as a haven of warmth and happiness for children living in poverty and disadvantage. At GEMS, children received nutritious snacks and had the opportunity to complete their school homework with the help and support of volunteers, resources that were not readily available to them at home. Activities included, but were not limited to:
Activities included, but not limited to, Monday: Free arts, including painting, sculpture, and junk modeling Tuesday: Fitness Club Wednesday: Jewelry making Thursday: Poetry and writing club
03
Our Programs
AFTER SCHOOL CLUBS (GEMS)
Our GEMS after-school clubs provide a welcoming and supportive environment for disadvantaged children in Salford, Manchester. At GEMS, children receive nutritious snacks, homework assistance from dedicated volunteers, and participate in a variety of activities, including a keep-fit program that promotes physical health. These activities encourage skill-building, emotional well-being, and social development. The club aims to improve academic performance, enhance overall health, and foster a sense of community and belonging.
04
HERITAGE/ HOLIDAY TRIPS
Our heritage and holiday trips offer disadvantaged children in Salford, Manchester, enriching experiences beyond their daily environment. These trips expose children to cultural heritage sites and new recreational opportunities, their horizons and a broadening fostering deeper appreciation for history and different cultures. Through these excursions, children gain valuable experiences that enhance their learning, promote social interaction, and contribute to their overall personal development.
ANNUAL PERFORMANCE SHOWS (TALENT SHOWCASING)
Our Annual Performance Shows provide a platform for children to showcase their talents, building their confidence and self-esteem. These events celebrate the diverse abilities of our participants, fostering a sense of achievement and community pride.
05
Evidence of Need
There is evidence that, over the pandemic, disadvantaged children have had poorer mental health and wellbeing outcomes than those with greater advantage.
GEMS after-school club will combat that by providing a range of stimulating afterschool activities to foster wellbeing and positivity. Limited access to outdoor space and the suspension of sports have also damaged young people's physical wellbeing.
06
IMPACT REPORTS
The outcomes of our activities at the 'GEMS' after-school club were highly positive:
Academic Improvement: 90% of the children who regularly attended the club showed significant improvement in their schoolwork, with many achieving higher grades and completing their homework more consistently.
Enhanced Nutrition: 85% of parents reported that their children had better nutrition and overall health due to the nutritious snacks provided at the club.
Emotional and Social Development: 80% of children demonstrated improved emotional stability and social skills. Teachers and parents noted a marked increase in confidence and resilience among the children.
Skill Building: 70% of the children developed new skills through the various activities offered at the club, which are expected to benefit them in their future endeavors.
Community Connection: 95% of families felt more connected to the community, with a stronger sense of belonging and reduced feelings of isolation.
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COMPANY REGISTRATION NUMBER: 12897013 CHARITY REGISTRATION NUMBER: 1193418
SPARKS OF SUCCESS LTD Company Limited by Guarantee Unaudited Financial Statements 30 September 2023
WHITESIDE AND DAVIES LTD
Chartered accountants 158 Cromwell Road
Salford
M6 6DE
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SPARKS OF SUCCESS LTD
Company Limited by Guarantee Financial Statements Year ended 30 September 2023
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 September 2023.
Reference and administrative details
Registered charity name SPARKS OF SUCCESS LTD Charity registration number 1193418 Company registration number 12897013
Principal office and registered 52 Symons Street office Salford England M7 4AP
The trustees M B Schonfeld H Grossberger I ndependent examiner David Pollak 158 Cromwell Road Salford M6 6DE
Structure, governance and management
The Trustees in office during the year were Mr Menachem Friedman (resigned on the 13/02/2024), Mr Yaacov Dov Goldberg (resigned on the 13/02/2024), Mrs Helen Grossberger & Mrs Malka Brucha Schonfeld. They were also directors for the purposes of company law. All trustees give of their time freely and no trustee remuneration was paid in the year.
Objectives and activities
The charity/company is established for the purpose of: Advancing the quality of life and helping young people by providing;
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recreational and leisure time activities in the interest of social welfare, designed so as to improve their conditions of life.
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support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals,
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grants for the prevention or relief of poverty.
These objects were achieved through various activities such as the hire of a jumping castle, soft play and use of educational sensory equipment. Additionally, day trips such as going to the beach were arranged. The recipients all benefited greatly from these activities and the trustees believe the activities have helped tremendously in advancing the charity's aforementioned objects.
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SPARKS OF SUCCESS LTD
Company Limited by Guarantee Financial Statements Year ended 30 September 2023
Objectives and activities (continued)
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setting grant making policy for the year.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
During the year, the charity received £36,823 (2022 - £8,254) in grants of which £12,475 were restricted. The charity continued distribution of its charitable funds in accordance with its objectives. There was a significant increase of direct charitable activities this year in line with the increase of received grants (last year’s income and expenditure was low as was its first year). The charity is satisfied that it is achieving its objects over the year and anticipates further demand and success in the future.
There was an overall net surplus in resources during the year amounting to £1,295.
Financial review
The trustees consider that the year was an excellent one in terms of donations received and the progress made towards achieving its objects.
Reserves policy
The Unrestricted Fund represents the unrestricted funds arising from past operating results. The charity is currently distributing as much of its income as possible.
In considering the financial obligations of the charity, the trustees have resolved to maintain a minimum reserve, being the current assets of the charity. The fixed assets are not deemed by the trustees to be freely available to distribute.
The Trustees are satisfied that the balance of the Fund is an acceptable level of reserves given the nature of revenue receipts against grants payable.
The net reserves carried forward stands at £3,100.
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SPARKS OF SUCCESS LTD Company Limited by Guarantee Financial Statements Year ended 30 September 2023
The trustees' annual report and the strategic report were approved on 22 May 2024 and signed on behalf of the board of trustees by:
H Grossberger Trustee
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SPARKS OF SUCCESS LTD Company Limited by Guarantee Financial Statements Year ended 30 September 2023
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SPARKS OF SUCCESS LTD Company Limited by Guarantee Financial Statements Year ended 30 September 2023
The notes on pages 7 to 14 form part of these financial statements
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SPARKS OF SUCCESS LTD Company Limited by Guarantee Financial Statements
Year ended 30 September 2023
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SPARKS OF SUCCESS LTD Company Limited by Guarantee Financial Statements Year ended 30 September 2023
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SPARKS OF SUCCESS LTD Company Limited by Guarantee Financial Statements Year ended 30 September 2023
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SPARKS OF SUCCESS LTD Company Limited by Guarantee Financial Statements Year ended 30 September 2023
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SPARKS OF SUCCESS LTD Company Limited by Guarantee Financial Statements Year ended 30 September 2023
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SPARKS OF SUCCESS LTD Company Limited by Guarantee Financial Statements
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SPARKS OF SUCCESS LTD Company Limited by Guarantee Financial Statements Year ended 30 September 2023
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SPARKS OF SUCCESS LTD Company Limited by Guarantee Financial Statements
Year ended 30 September 2023
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