**Registered number** 12547115 

## **The Sapphire Spaces and Plug Report and Accounts** 

**31 March 2025** 



## **The Sapphire Spaces and Plug** 

**Registered number:** 12547115 

## **Director's Report** 

## **Principal activity** 

The organisation continued supporting disadvantaged and underserved communities through housing support, community engagement, wellbeing activities, employability support and community-led initiatives. 

## **Trustees / Directors** 

The following persons served as trustees/directors during the year: 

- Jasmine Cannon-Ikurusi 

- Melissa Joseph 

- Jessica Katie Wicks 

- Melanie Akas 

- Fenella Nganje 

- Victoria Simon-Michael 

- Lorraine Yermofio 

- Sharon Sikod 

- Lateefat Smith 

- Rochelle Thompson 

## **Small company provisions** 

This report was approved by the board on 11 May 2026 and signed on its behalf. 

Jasmine Cannon-Ikurusi Director 

This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. 

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## **The Sapphire Spaces and Plug** 

Accountants' report on the unaudited accounts to the trustees of The Sapphire Spaces and Plug 

Prepared using internal financial records, uploaded bank statements, supporting documentation, operational records and information supplied by the organisation. 

For the year ended 31 March 2025. 

In accordance with the instructions received from the trustees, the financial statements have been prepared from the accounting records and explanations provided to us. These accounts comprise the Statement of Financial Activities, Balance Sheet and related notes to the accounts. 

The trustees are responsible for maintaining adequate accounting records and for preparing financial statements which give a true and fair view of the charity’s financial activities and position at the reporting date. 

The charity is exempt from an audit under the relevant provisions applicable to small charities and charitable organisations and therefore no audit has been carried out. Accordingly, no opinion is expressed on these financial statements. 

The accounts have been prepared using information extracted from the charity’s operational banking records, uploaded financial statements and supporting documentation provided during the reporting period. 

These accounts are intended solely for the use of the trustees and for statutory filing purposes. 

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11 May 2026 



The Sapphire Spaces and Plug
Profit and Loss Account
for the year ended 31 March 2025
The accounts have been prepared from internal financial records. uploaded bank statements and
$upporting dlxumentation supplied by the organisatitsn.
Y•4r end•d
31 Mwch 2025
Y•8r •nd
30 Aprll 2023
Descripdon
INCOME
Tarit Funding and CommLmity S
45.673
120.C(Q
Donation5 and C¢)ntribLrtion5
50.000
Housin9 and Utilty Contrikrtrtions
10.000
Operational Income and Reimbursements
10,000
TOTAL INCOME
45.673
190.000
ADMINisfRATIVE EXPENSES
Property Rent and Accommodation Costs
Community Programme Delivery Costs
Staffing and Volunteer Support
Travel and Operational Expgn5es
InsuraDTr and Subxrsptions
Utilities and Communication5
15.000
60.000
10.500
40.000
7.5CM)
30.000
4.5CM)
20.000
10
10.000
1.5Tr)
Administrative and Office Expenses
12
2.8
TOTAL ADMINISTrATIVE EXPENSES
43,800
180.000
OPERATING SURPLUS FOR THE YEAR
1.873
10.000
Not•s to the a¢￿11
Grant Inctsmè
Stalling and Volunteer Support
Travel and 0￿rational Expensès
10 In$uran¢* and Subscriptions
Utilities and ComMunic￿l0n$
Donations
HcAJsing and Utility ContritrAftions
Opgrational Incomg and R￿mburs•M•nts
Proporty A￿orn￿￿3datlQn Corts
Ctynmvnity Pro9ramm• 0o1ivery
12 Administrative and ¢)ffi¢• Expe*￿$
All income and expenditure for both years relates to continuing operations.
The aCCo￿ntS have bèèn prgparèd on a rec@ipts and payments basi$.

The Sapphire Spaces and Plug
Balance Sheet
as at 31 March 2025
31 Marth 2025
30 Aprfl 2023
CURRENT ASSETS
Cash at bank and in hand
23.377
TOTAL CURRENT ASSETS
23.377
TOTAL ASSETS
23.377
Eourry AND LIABILITIES
Eouir
Called up share capitsl
Attumulated rèsorvès
23.376
TOTAL EQUITY
23.377
CURRENT LIABILITIES
Trad• crèditors
Other credttors and accruals
TOTAL CURREMf UABILITIES
TOTAL EQUITY AND LIABILITIES
23.377
These financial statements were approved by the board of trusteos and authorised for issue
on 11 May 2026 and were 5i9ned on its behalf by..
Jasmin• Cannon-lkurusi
Trust••
NOTES TO THE BALANCE SHEEr
Ca$h bi k>ank bnd in hand - include5 l￿d$ ￿ld in orwis)tiw'$ bank Jccounts cash on hand
at thè year Èrnd.
Called up shar8 capital - th• organisation is a company limrt•d by shar•s. On• ordinary share ol
£1 has bèen issued.
Ac¢umylaied reserve5 - reFYes*nts the curnulative Surp1￿{delicItI of the organi5ation since
incorporation.
Trade creditor5 - amounty owed to 5uppliets at the ￿ar end.
6 OtheT Cred￿tOrS accruals - am¢)unt5 ¢)wed for expens•s incurred not yrt paid * the yw end.

## **The Sapphire Spaces and Plug** 

## **Notes to the Accounts** 

for the year ended 31 March 2025 

## **1 Accounting policies** 

The accounts have been prepared under the historical cost convention. 

## **2 Registered office** 

3rd Floor 86-90 Paul Street London England EC2A 4NE 

Jasmine Cannon-Ikurusi CEO and Founder 

Approved by the board on 11 May 2026 


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