## **Trustee´s Annual Report #7 FY: 01 SEPTEMBER 2021 – 31 AUGUST 2022** ## **Bri ht S arks Trust g p** Charity Commission ref: 1196765 HMRC Gift Aid ref: EW40119 20 Banbury Road Stratford Upon Avon, CV37 7HY, UK www.brightsparkstrust.org achild@brightsparkstrust.org **Table of Contents** ## **Contents** Highlights and Challenges _____________________________________________________ 1 Structure, Governance, Management _____________________________________________ 5 Objectives, Activities, Performance _______________________________________________ 7 Financial Review ____________________________________________________________ 11 Risk Assessment ____________________________________________________________ 13 Declaration ________________________________________________________________ 15 Contact Information __________________________________________________________ 16 Charitable Trust Information ___________________________________________________ 16 **Highlights and Challenges** P . 01 g _188 Secondary School Scholarships provided to date_ _29 University Scholarships provided to date_ ## **Highlights and Challenges** ## Strategic Highlights In Malawi, primary education is free, allowing children from vulnerable backgrounds to earn a place at prestigious National Schools. However, the higher fees for secondary education are a barrier to bright vulnerable children completing their education and fulfilling their academic potential. This is the problem that our charity is focused on solving; intervening to ensure bright vulnerable students complete their secondary and higher education in order to break the cycle of poverty in which they are trapped, and to allow them to enjoy successful careers that benefit themselves, their families, communities, and Malawian society as a whole. As a young charity, the Trustees are proud of our strategy and operating model. We believe that we are offering a unique intervention in Malawi by focusing on children who are both bright and needy by local standards, then supporting their secondary and tertiary education in a comprehensive manner at the very best academic institutions possible, despite lower cost alternatives. Our close partnership with the schools and students in our programme ensures that we are efficient and effective. We do not believe that third party donations should be consumed by management and overheads costs until absolutely necessary. Our highly lean operating model, our own investment as Trustees to cover all overheads and our approach to work with our alumni to manage our activities on a voluntary basis means that we offer absolute value to our donors, with all donations currently reaching student beneficiaries. The Trustees continue to take motivation from the evidence of our programme as manifested through our current alumni. We are in regular contact with graduates of the programme including two teachers, a doctor and chartered accountant who benefitted from our initial programme for 10 years between 2004 and 2015. We see the transformation to their lives, the ripple effect of their investment, support and inspiration back into the communities where they grew up and we look ahead to great prospects as these achievers become increasingly influential leaders in Malawian society. These promising individuals would not have broken out of the cycle of poverty without Bright Sparks intervention and support. **Highlights and Challenges** P . 02 g We are now starting to see graduates from secondary school entering university from the program cycle that we initiated in 2014, and we have now operationalized our university support program, targeting Bright Sparks scholars that earn a place at one of the University of Malawi colleges, which offer the highest quality tertiary education in Malawi. In doing so we are upholding our philosophy of supporting bright vulnerable students over the long term of their academic career. _Registered with Charity Commission for England and Wales_ This year we completed our registration with the Charity Commission for England and Wales on 25 November 2021, and are now a registered charity under their governance, with charity number 1196765. The process required us to adjust and re-execute our Trust Deed. ## Operating Highlights _The Trustees_ _continued to_ _suspend termination of scholarships due to academic criteria, as a result of the disruption to teaching caused by pandemic related school closures._ Over the past operating year, we awarded 26 new secondary school scholarships and continued to support 68 existing scholars across our 3 partner schools. None of our scholars started receiving new financial assistance from other sources. No scholarships were terminated due to under performance academically due to a decision taken by the Trustees to suspend our academic performance criteria as a result of the disruption to teaching caused by the COVID-19 pandemic and school closures. No scholars dropped out this year. Whilst the end of the academic year has again been delayed due to the COVID-19 pandemic, we are anticipating that 23 scholars will graduate from secondary school, bringing our lifetime total to 102 scholars that have completed secondary education thanks to our support. 41 of our 94 active secondary school scholars are girls (44%), compared to 33 last year, as a result of the Trustees decision to double the number of scholarships we award at Lilongwe Girls Secondary School. We have learned from one of our partner schools that educates both boys and girls that they prefer to allocate our scholarships to boys where possible because they have another organization supporting their students that is similar to ours but only supports girls. When putting the students first, this seems fair and may limit our ability to reach full gender parity across our scholarship portfolio, nevertheless we are proud to reach 44% having been at 31% three years ago. All of our scholars received additional financial assistance in the form of grants for books, uniforms, bus transport, stationery and other priority items. Our prior experience suggests that this support is key to enable our scholars to focus on their studies on a level playing field with other students. This year we made a significant change in how additional assistance grants **Highlights and Challenges** P . 03 g were disbursed to students, now channeling the funds via trusted alumni rather than school staff. This model offers us three points of assurance as opposed to two, with students, staff and alumni all now reporting to us the status of funding distribution. We have in-depth background information on all our scholars to ensure that we are identifying the neediest and brightest students. We continued our verification programme this year despite challenges from the Pandemic. We postponed our Trustee visit and instead relied on volunteer representatives visiting schools to verify students were receiving and benefitting from the intended assistance. _University Support program continued with 26 students at top tier Malawian colleges_ Finally, we continued our university support program, launched last year and comprised of financial grants dispersed direct to Bright Sparks students who have earned a place at one of the top universities in the country. There is a one year gap between secondary school and university in Malawi, therefore we anticipate the number of students will increase steadily in the coming years as more secondary school scholars graduate. Our students are being supported by government with tuition and upkeep loans, therefore we have designed our financial support to compliment this and enable students to purchase IT equipment and study materials, to keep up with the students from wealthier backgrounds. This has been particularly powerful this year as students spent extended periods of time at home with universities closed during lockdown. The trustees note that we are seeing less Bright Sparks scholars reach university each year and this will be a subject of research and analysis in our next visit to Malawi. ## Financial Highlights ## _£30,423 in donations raised_ We opened the year with £68,243 in available funds, received £30,423 in donations and £2,993 in Gift Aid. We transferred £19,329 to Malawi for scholarships and student assistance, £8,799 for secondary school students and £10,530 for university students, while incurring £270.39 in overhead costs for our website and banking fees. We closed the year with £82,061 in available funds held in our Bright Sparks Trust accounts at the Co-Operative Bank in the U.K. All overhead costs are deducted from Trustee donated funds held in a separate management account to our third party donations account. We remain committed to ensure all our third party donations go to scholarships and assistance to our students, with all management costs being covered by Trustee donations for the foreseeable future. **Highlights and Challenges** P . 04 g ## Challenges Our primary challenge has continued to be the disruption to the academic calendar due to the COVID-19 pandemic and the subsequent impact on our efficiency of operations. The government of Malawi is running a compressed academic calendar and we expect timings to be back to normal in 2023. Last year the Trustees conducted analysis to set a target level of funds on account. It was agreed that this should be based on future liability considering a conservative estimate of future donations and the cost of all current scholars assuming their scholarships would be funded through to completion of school or university (not both, i.e. fund school students to the completion of school and university students to the completion of university). The result of this analysis was that we are targeting holding £39,000 in funds on account as our sustainable level, assuming 120 students in secondary school and 60 students at university at any one time. We are benefitting form our membership of the Charity Commission for England and Wales and their governance and supporting materials are enabling us to strengthen policies and operations. This year we introduced new measures to safeguard the well-being of children benefitting from the charity´s efforts, including a new Code of Conduct guiding the actions of representatives of the charity to ensure the best interests of vulnerable children are protected. ## Looking Ahead Looking ahead to the next year, the Trustees are focused on: resetting operations back to their standard rhythm as the academic calendar returns to normal, selection of and supporting the next cohort of scholars, the continued growth of our university support program, building a stable online operational hub, fund raising and visiting Malawi to review and verify our program. The Trustees would like to sincerely thank all supporters of Bright Sparks for their generosity, without which none of our work in Malawi would be possible. Alastair Child, Trustee and Founder September 7, 2022 **Structure, Governance, Management** P . 05 g ## **Structure Governance Mana ement , , g** ## Structure **Governing Document:** Trust Deed, executed 23 November 2021 **How the Charity is constituted:** UK Charitable Trust ## Governance **Names of Trustees who manage the Charity:** |Trustee name|Office (if any)|Dates acted if not for
whole year|Name of person (or
body) entitled to appoint
trustee (if any)| |---|---|---|---| |**Alastair Child**|Trustee, Founder|Whole year|Trustees| |**Shannon Gonzalez**|Trustee|Whole year|Trustees| |**Benjamin Griffiths**|Trustee|Whole year|Trustees| **Trustee selection methods:** Resolution of the Trustees ## Objects The objects of the charity (‘the objects’) are: For the public benefit, the advancement of education and the relief of poverty among young people in Malawi who would otherwise not be able to afford to access high level education by: a) awarding to such persons scholarships for the payment of fees tenable at any secondary school or institution of higher or further education; b) providing additional financial assistance to ensure the basic requirements of attending such institutions are met, for purposes such as school uniforms, books and stationery, transport between home and school. **Structure, Governance, Management** P . 06 g _Sincere thanks to our alumni volunteers Patrick Chimzimu, Doctor Boston Zimba, Arnold Berma, Hendrix Zimba and to Deborah Msuku._ ## Management Two trustee meetings were held on the following dates: 24 September 2021 and 16[th] November 2021. The Trustees remain in close contact throughout the year. Bright Sparks Trust is run by volunteers and the Trustees would like to sincerely thank Patrick James Chimzimu, Doctor Boston Zimba, Arnold Berma, Hendrix Zimba and Deborah Msuku who represent the Charity in Malawi in interactions with schools and our students. P . 07 g ## **Objectives, Activities, Performance** ## **Ob ectives Activities Performance j , ,** ## Summary of the objects of Bright Sparks Trust (as per Trust Deed) For the public benefit, the advancement of education and the relief of poverty among young people in Malawi who would otherwise not be able to afford to access high level education. ## Summary of main activities 1) Awarding to such persons scholarships for the payment of fees tenable at any secondary school or institution of higher or further education. 2) Providing additional financial assistance to ensure the basic requirements of attending such institutions are met, for purposes such as school uniforms, books and stationery, transport between home and school. - 3) Verification of vulnerable status, academic performance and behavior of scholars. - 4) Verification that funds reach beneficiaries as intended. 5) Fundraising to enable scholarships and financial assistance to be provided to as many students as possible, without compromising the commitment of Bright Sparks Trust to continue to support students to the end of their current school or university education cycle. We are intent on growing the number of girls that we award scholarships to. Currently 41 of our 94 secondary school scholars are girls. **Objectives, Activities, Performance** P . 08 g ## Achievements and Performance _94 school scholarships funded this year_ _23 of the existing scholars to graduate at the end of the delayed 2021-22 academic year_ _102 secondary school graduates to date in the lifetime of the charity_ |**SECONDARY SCHOOL**||2019-20|2020-21|**2021-22**| |---|---|---|---|---| |Scholarships terminated due to
academic performance / behaviour|Boys|2|0|0| ||Girls|1|0|0| ||Total|3|0|0| |Students dropping out|Boys|0|2|0| ||Girls|0|0|0| ||Total|0|2|0| |Scholarships terminated due to
students no longer needing financial
support|Boys|2|1|0| ||Girls|1|0|0| ||Total|3|1|0| |Existing Scholarships continued|Boys|35|31|40| ||Girls|15|19|28| ||Total|50|50|68| |New Scholarships awarded|Boys|7|23|13| ||Girls|7|14|13| ||Total|14|37|26| |**Total Scholarships funded this year**|**Boys **|**42**|**54**|**53**| ||**Girls**|**22**|**33**|**41**| ||**Total**|**64**|**87**|**94**| |Total graduates completing school this
year|Boys|8|14|16| ||Girls|3|5|7| ||Total|11|19|23| |Total graduates completing school in
the lifetime of the charity|Boys|44|58|74| ||Girls|16|21|28| ||Total|60|79|102| |Total students successfully supported
(i.e. excluding drop outs and
terminations)|Boys|80|101|114| ||Girls|38|52|65| ||Total|118|153|179| |Total students supported over the
lifetime of the charity (included those|Boys|86|109|122| ||Girls|39|53|66| |who did not complete school)|Total|125|162|188| **Objectives, Activities, Performance** P . 09 g _26 university scholarships funded this year_ |**UNIVERSITY**||2019-20|2020-21|2021-22| |---|---|---|---|---| |Scholarships terminated due to
academic performance / behaviour|Boys|0|0|0| ||Girls|0|0|0| ||Total|0|0|0| |Students dropping out|Boys|0|0|0| ||Girls|0|0|0| ||Total|0|0|0| |Scholarships terminated due to
students no longer needing financial
support|Boys|0|0|0| ||Girls|0|0|0| ||Total|0|0|0| |Existing Scholarships continued|Boys|0|10|17| ||Girls|0|1|3| ||Total|0|11|20| |New Scholarships awarded|Boys|10|7|4| ||Girls|1|2|2| ||Total|11|9|6| |**Total Scholarships funded this year**|**Boys **|**10**|**17**|**21**| ||**Girls**|**1**|**3**|**5**| ||**Total**|**11**|**20**|**26**| |Total graduates completing university
this year|Boys|0|0|0| ||Girls|0|0|0| ||Total|0|0|0| |Total graduates completing university
in the lifetime of the charity|Boys|3|3|3| ||Girls|0|0|0| ||Total|3|3|3| |Total students successfully supported
(i.e. excluding drop outs and
terminations)|Boys|13|20|24| ||Girls|1|3|5| ||Total|14|23|29| |Total students supported over the
lifetime of the charity (included those|Boys|13|20|24| ||Girls|1|3|5| |who did not complete school)|Total|14|23|29| **Objectives, Activities, Performance** P . 10 g Verification (secondary school): - Review of student behavior: 0 student scholarships terminated. - Review of student academic performance: 0 student scholarships terminated. - Review of duplication with other organisations: 0 student scholarship terminated. - Review of new student needy status: - 1st level verification completed – school teacher interview and assessment - 2nd level completed – Bright Sparks representative interview and assessment - 3rd level not carried out – Bright Sparks representative visits to home village Fund raising activities: - The income from regular monthly donors was £10,051. Remaining donations of £19,605 have come from one off donations that we do not assume to be repeated in future years. - Most of our donors are directly known by the Trustees or former Trustees. Our website is proving effective at providing prospective donors with a place to review our charity and donate in a secure manner. - We are not seeing success in converting supporters to donors through social media, despite our Facebook page having 235 followers. - This year we continued our corporate giving program with Google. Google employee donations are matched and doubled by Google and this year we raised £767. Whilst this is a competitive process each year, we are aiming to be listed as one of Google´s charities for future years. **Financial Review** P . 11 g ## **Financial Review** ## **Financial Summary** ## Structure of finances Two bank accounts are held at the Co-operative bank under the charity, one for donations for scholarships and the second for management overheads funded by the Trustees. ## Summary of incomes and expenditures - UK **----- Start of picture text -----**
Coop Account 1 Coop Account 2
September 2020 to August 2021 (donations and (Trustees TOTAL
scholarships) Management Costs)
Opening Balance £ 64,690.49 £ 3,553.02 £ 68,243.51
Donations received (less Stripe online payment fees) £ 29,823.57 £ 600.00 £ 30,423.57
HMRC Gift Aid received £ 2,993.96 £ - £ 2,993.96
Interest received £ - £ - £ -
Scholarship outgoings (fees and additional assistance) -£ 19,329.00 -£ 19,329.00
Overhead Costs (bank charges, administration etc.) £ - -£ 270.39 -£ 270.39
Closing Balance £ 78,179.02 £ 3,882.63 £ 82,061.65
**----- End of picture text -----**
We opened the year with £68,243 in available funds, received £30,423 in donations. We received £2,993 in UK Gift Aid. We transferred £19,329 to Malawi for scholarships and student assistance, while incurring £270 in overhead costs for website costs, online banking payment fees and non-sterling transaction fees. We closed the year with £82,061 in available funds held in our Bright Sparks Trust accounts at the Co-Operative Bank in the U.K. All overhead costs, £270, are deducted from Trustee donated funds held in a separate management account to third party donations. We remain committed to ensure all our third party donations go to scholarships and assistance to our students, with all management costs being covered by Trustee donations for the foreseeable future. Administrative overhead costs are taken from the Bright Sparks Trust No. 2 Co-operative Bank account, which receives funds from the Trustees and is used solely for management costs. In this way our principal Bright Sparks Trust account (Co-op Account 1) is used solely for receiving donations and making payments for student school fees and additional assistance grants. **Financial Review** P . 12 g In terms of currency exchange rates, the long-term trend is devaluation of the Malawian Kwacha against the British Pound. The Malawi kwacha started the year at 1,120 and ended at 1,191. The long term trend is for the kwacha to lose value relative to the pound. When our Founder first taught in Malawi in 2004, the rate was 200 Malawi kwacha to the British pound. ## Funds materially in deficit The Trustees are pleased to report that Bright Sparks Trust holds no debts. Notwithstanding, we intend to ensure we are always able to fund the completion of scholars´ education. It is our objective not to have to terminate a scholarship due to shortage of funds. With our scholarships now lasting 8-10 years through secondary and tertiary education, this is a long-term commitment to each individual. Last year the Trustees conducted analysis to set a target level of funds on account. It was agreed that this should be based on future liability considering a conservative estimate of future donations and the cost of all current scholars assuming their scholarships would be funded through to completion of school or university (not both, i.e. fund school students to the completion of school and university students to the completion of university). The result of this analysis was that we are targeting holding £39,000 in funds on account as our sustainable level, assuming 120 students in secondary school and 60 students at university at any one time. We are not seeing our funds on account migrate to that level, and they remain high due to the lower than expected success of students reaching university. We had factored in a 50% success rate, whereas this year only 26% of graduating students succeeded. ## Principal Sources of Funds The principal source of funds for Bright Sparks Trust is donations either as one-off lump sums or recurring monthly donations. We ensure that we claim Gift Aid on all our donations from willing UK tax paying donors. ## Suggested donation level We set our suggested donation level based on costs of fees, additional assistance grants, and with consideration of fluctuating exchange rate levels and potential school fee increases and additional assistance grant increase due to inflation. Inflation is historically high in Malawi, however, has slowed in the last few years. Currently we continue to suggest to donors a monthly contribution of £15 per month to cover one student in school. **Risk Assessment** P . 13 g ## **Risk Assessment** The trustees acknowledge their responsibility for protecting the charity and it´s beneficiaries from risk. The process for risk identification and mitigation is to follow guidance from the UK Charity Commission (Guidance: Charities and Risk Management - CC26) and review risks as part of annual reporting and Trustee meetings. |**CATEGORY**|**RISK**|**IMPACT**|**LIKELY**|**CONTROL**| |---|---|---|---|---| |GOVERNANCE|Reporting
accuracy and
timeliness|Moderate|Highly
probable|REDUCE
Develop an online digital
management tool
Introduce incentive for school staff| ||Loss of key
representatives
in Malawi e.g. to
studies abroad|Major|Probable|REDUCE
Diversify number of representatives
Standardize and document
procedures| ||Over-
dependence on
one Trustee|Minor|Highly
probable|ACCEPT| |OPERATIONS|Better-off
children benefit|Extreme|Possible|SHARE, REDUCE
Verification of vulnerable status
through 1) school staff assessment,
2) Bright Sparks student proposal
process, 3) field verification through
random home visits.| ||Assistance
grants do not
reach
beneficiaries|Extreme|Possible|SHARE, REDUCE
Verification that funds reach
beneficiaries through 1) school
bursary committee report to Bright
Sparks, 2) student signatures, 3)
direct confirmation with students.| ||Duplication with
other bursary
providers|Major|Possible|SHARE, REDUCE
Verification of no duplication by 1)
requiring schools to disclose all
bursaries from all providers, 2)
direct confirmation with students.| ||Conduct of
volunteers puts
vulnerable
children at risk|Extreme|Possible|SHARE, REDUCE
Publish a code of conduct and
share with Bright Sparks volunteers| **Risk Assessment** P . 14 g |FINANCIAL|Over
dependence on
ad hoc
donations|Major|Highly
probable|REDUCE
Establish and manage to a target
level of funds on account to ensure
sustainability of scholarships| |---|---|---|---|---| ||Malawi inflation
leading to rising
fees and costs|Moderate|Possible|ACCEPT
Monitor inflation rates and forex to
ensure ongoing affordability.| ||Compliance with
donor imposed
restrictions|Major|Possible|AVOID
Refrain from offering donors the
ability to allocate specific scholars
to their donations| |EXTERNAL|Malawi govn
withholds loans
to BST scholars|Extreme|Possible|SHARE
Propose agreement with Higher
Education Student Loans and Grant
Board that scholars receive loans| ||Relationship
with major
funders|Major|Possible|REDUCE
Invite major funders on field visits
Share annual report with all donors
Communicate via social media| ||Public
perception of
credibility|Moderate|Possible|REDUCE
Quality reporting
Adoption of Commission guidelines| ||Claims of
mistreatment by
beneficiaries|Moderate|Possible|REDUCE
Standardize protocols in Operating
Manual| |COMPLIANCE|Compliance with
UK regulations|Extreme|Possible|REDUCE
Apply and adhere to UK Charity
Commission requirements| **Impact categories** : insignificant, minor, moderate, major, extreme **Likelihood categories** : remote, unlikely, possible, probable, highly probable **Control categories** : - Avoid – end the related activity - Transfer – delegate activity to a third party - Share – partner with a third party - Reduce – implement risk mitigation procedures - Insure – insurance to cover liability - Accept – no action taken as risk is unlikely or low impact **Declaration** P . 15 g ## **Declaration** **The Trustees declare that they have approved the Trustees’ report above.** **Signed on behalf of the Charity’s Trustees** |Signature|||| |---|---|---|---| |Name|**Alastair Child**|**Shannon Gonzalez**|**Benjamin Griffiths**| |Position|**Trustee, Founder**|**Trustee**|**Trustee**| |Date|**7/9/22**|**23/9/22**|**23/9/22**| **Contact Information** P . 16 g ## **Contact Information** ## **Alastair Child** Trustee, Founder **Tel** +52 442 467 9455 achild@brightsparkstrust.org ## **Charitable Trust Information** **Bright Sparks Trust** 20 Banbury Road Stratford Upon Avon, CV37 7HY, UK **Tel** 01789 299080 www.brightsparkstrust.org UK HMRC Charities Reference: EW40119 Charity Commission for England and Wales Reference: 1196765 ## **BRIGHT SPARKS TRUST** ## **Receipts and pay** ## **For the period** 01/09/2021 **from** ## **Section A Receipts and payments** ## **Unrestricted Restricted funds funds** **----- Start of picture text -----**
to the nearest £ to the nearest £
A1 Receipts
x 30,424 -
HMRC Gift Aid 2,994 -
Sub total (Gross income for AR) 33,418 -
A2 Asset and investment sales, (see
table).
- -
Sub total [ - ] -
Total receipts 33,418 -
A3 Payments
Scholarships awarded 19,329 -
Overheads 270 -
Sub total 19,599 -
A4 Asset and investment purchases, (see
table)
- -
Sub total - -
Total payments 19,599 -
Net of receipts/(payments) 13,818 -
A5 Transfers between funds - -
A6 Cash funds last year end 68,244 -
Cash funds this year end 82,062 -
**----- End of picture text -----**
## **Section B Statement of assets and liabilities at the end** **Categories** ## **Details** ## **B1 Cash funds** Donations account Overheads account ## _**Total cash funds**_ (agree balances with receipts and payments account(s)) ## **Details** ## **B2 Other monetary assets** ## **Details** ## **B3 Investment assets** ## **Details** **B4 Assets retained for the charity’s own use** ## **Details** ## **B5 Liabilities** Signed by one or two trustees on behalf of all the trustees Signature **----- Start of picture text -----**
1196765
yments accounts CC16a
31/8/22
To
Endowment
Total funds Last year
funds
to the nearest £ to the nearest £ to the nearest £
- 30,424 -
- 2,994 -
- 33,418 -
- -
- - -
- 33,418 -
- 19,329 -
- 270 -
- 19,599 -
**----- End of picture text -----**
**----- Start of picture text -----**
- -
- - -
- 19,599 -
- 13,818 -
- - -
- 68,244 -
- 82,062 -
**----- End of picture text -----**
## **d of the period** |**of the period**|**of the period**| |---|---| |**to nearest £**
**to nearest £**
**to nearest £**
**78,179**
**-**
**-**
**3,883**
**-**
**-**
**Unrestricted**
**funds**
**Restricted funds**
**Endowment**
**funds**|| |**78,179**|**-**| |**3,883**|**-**| **----- Start of picture text -----**
- - -
82,062 - -
OK OK OK
Unrestricted Restricted funds Endowment
funds funds
to nearest £ to nearest £ to nearest £
- - -
Fund to which asset Current value
Cost (optional)
belongs (optional)
- -
Fund to which asset Current value
Cost (optional)
belongs (optional)
- -
Fund to which Amount due When due
liability relates (optional) (optional)
-
Print Name Date of approval
ALASTAIR JOHN CHILD 07/09/2022
**----- End of picture text -----**
**Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** |**Report to the trustees/**
**members of**
**On accounts for the year**
**ended**
**Set out on pages**
**Responsibilities and**
**basis of report**|Charity Name
Bright Sparks Trust|Charity Name
Bright Sparks Trust|Charity Name
Bright Sparks Trust| |---|---|---|---| ||||| ||31 August 2022|**Charity no**
**(if any)**|1196765| ||||| ||1 to 3 (including these 2 pages)||| ||I report to the trustees on my examination of the accounts of the above
charity (“the Trust”) for the year ended 31/08/2022.
As the charity's trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011
(“the Act”).
I report in respect of my examination of the Trust’s accounts carried out
under section 145 of the 2011 Act and in carrying out my examination, I
have followed all the applicable Directions given by the Charity Commission
under section 145(5)(b) of the Act.||| - **Independent** I have completed my examination. I confirm that no material matters have - **examiner's statement** come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:  the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or  the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. * _Please delete the words in the brackets if they do not apply._ ||*_Please delete the words in the brackets_|_apply._| |---|---|---| |||| |**Signed:**
**Name:**
**Relevant professional**
**qualification(s) or body**
**(if any):**
**Address:**|D Warren|07/02/2023| |||| ||Darren Warren – Paxton Independent Examiners|| |||| ||F M A A T|| |||| ||61a High Street South|| ||Rushden, Northants|| ||NN10 0RA|| Page 1 of 3 **Section B Disclosure** Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of any items that the examiner wishes to disclose** . Page 2 of 3 ||**BRIGHT SPARKS TRUST**|**BRIGHT SPARKS TRUST**|**BRIGHT SPARKS TRUST**|**1196765**|| |---|---|---|---|---|---| ||**Receipts andpayments accounts**||||| ||**For the period**
**from**|01/09/2021|**To**|31/8/22|| ||||||| |**Section A Receipts and payments**|||||| |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**|**Total funds**
**to the nearest £**|**Last year**
**to the nearest £**| |x|**30,424**
**2,994**

**33,418**||**-**|**30,424**|**-**| |HMRC Gift Aid|||**-**|**2,994**
**33,418**|**-**| |**_Sub total_**_(Gross income for AR)_|||**-**||**-**| ||**-**

**-**|**-**
**-**|||| |**A2 Asset and investment sales, (see**
**table).**|||||| ||||**-**|**-**|| |**_Sub total_**|||**-**|**-**|**-**| |**_Total receipts_**
**A3 Payments**|||||| ||**33,418**|**-**|**-**|**33,418**|**-**| ||||||| |Scholarships awarded|**19,329**
**270**
**19,599**|**-**
**-**
**-**|**-**|**19,329**|**-**| |Overheads|||**-**|**270**
**19,599**|**-**| |**_Sub total_**|||**-**||**-**| |||**-**
**-**|||| |**A4 Asset and investment purchases,**
**(see table)**|**-**
**-**||||| ||||**-**|**-**|| |**_Sub total_**|||**-**|**-**|**-**| |**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**||||**19,599**|| ||**19,599**|**-**|**-**||**-**| ||||||| ||**13,818**|**-**|
**-**|
**13,818**|**-**| ||**-**
**68,244**|**-**
**-**|
**-**|**-**|**-**| ||||**-**|**68,244**|**-**| ||**82,062**|**-**|
**-**|
**82,062**|**-**| ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
**B2 Other monetary assets**
**B3 Investment assets**
**B4 Assets retained for the charity’s**
**B5 Liabilities**
Signed on behalf of all the trustees
**B1 Cash funds**|**Details**
Signature
**Details**
**Details**
Donations account
Overheads account
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
**Details**|**Unrestricted**
**funds**
**to nearest £**|**Restricted**
**funds**
**to nearest £**|**Endowment**
**funds**
**to nearest £**| |---|---|---|---|---| |||**64,690**|**-**|**-**| |||**3,553**|**-**|**-**| |||**-**|**-**|**-**| |||**68,244**|**-**|**-**| |||Agreement Error
**Unrestricted**
**funds**
**to nearest £**|OK
**Restricted**
**funds**
**to nearest £**|OK
**Endowment**
**funds**
**to nearest £**| |||**-**|**-**|**-**| |||**Fund to which**
**asset belongs**|**Cost (optional)**|**Current value**
**(optional)**| ||||**-**|**-**| |||**Fund to which**
**asset belongs**|**Cost (optional)**|**Current value**
**(optional)**| ||||**-**|**-**| |||**Fund to which**
**liability relates**|**Amount due**
**(optional)**|**When due**
**(optional)**| ||||**-**|| |||||Date of
approval| |||ALASTAIR JOHN CHILD||7 Sept 2022| |||||| Page 3 of 3