2024-12-31-accounts - Sparks

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Charity Registration No. 1207946

SPARKS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024

SPARKS TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2024

The trustees present their annual report together with the financial statements of the Charity for the year ended 31 December 2024. The financial statements have been prepared in accordance with the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ 2019, and applicable UK Accounting Standards and the Charities Act of 2011.

Reference and Administrative Details

Trustees Mrs H Alter Mrs R S Halpert Mrs R Reichberg Charity Registration No 1207946 Registered Office 9 Egerton Road London N16 6UE Independent Examiner Jacob J Jakobovits FMAAT Kyver & Dale Consultants Ltd Suite 101, Pride House Shanklin Road London N15 4FB

Structure and Objectives

Sparks was registered as a charity with the Charity Commission on 22 April 2024, and is constituted as a Charitable Incorporated Organisation (CIO).

The above trustees served throughout the period. The Board has the power to appoint additional trustees, as it considers fit based on personal competence, specialist skills and experience. None of the trustees have any beneficial interest in the charity and did not receive any remuneration. The trustees are involved in the running of the charity.

The objects of the charity are for the public benefit to relieve the charitable needs of female orphans of the Orthodox Jewish faith who are resident in the London postcode areas of N16, N15 and E5 in particular but not exclusively through the provision of counselling, emotional support and recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life.

Developments and Activities

The trustees consider that the performance of the charity during its first period has been most satisfactory. The trustees have identified the risks to which the charity may be exposed and systems have been established to mitigate these risks. The trustees have had due regard to guidance published by the Charity Commission, including public benefit guidance, as outlined in the statement below.

During the year, the charity received donations of £1,180 and expensed £906 through charitable expenditure and support costs.

To ensure the continued growth and sustainability of the charity’s activities, the trustees have secured pledges for funding and are actively working on plans to expand their programmes in the coming year. These efforts will support the charity’s long-term objectives and enhance its ability to deliver positive outcomes for young people in the community.

28/10/25

SPARKS INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF SPARKS YEAR ENDED 31 DECEMBER 2024

I report to the trustees on my examination of the financial statements of Sparks for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.

Respective Responsibilities of the trustees and examiner

The trustees of the charity are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).

Having satisfied myself that the accounts of the Charity are not required to be audited under the Charities Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Basis of Independent Examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting record kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and the seeking of explanations from the trustees concerning any such matter. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and that report is limited to those matters set out in the statement below.

Independent Examiner’s Statement

Following my examination, I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

Accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
The accounts do not accord with those records; or
The accounts do not comply with the accounting requirements of the 2011 Act 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.

Jacob Jakobovits FMAAT Independent Examiner For Kyver & Dale Consultants Ltd Suite 101, Pride House, Shanklin Road London N15 4FB

Date: 28/10/2025

SPARKS STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2024

Notes Income Donations and grants 3 Total Income Expenditure Expenditure on charitable activities 4, 5 Total Expenditure Net Income/ expenditure and net movement in funds Total funds carried forward	2024 Unrestricted Funds Total Funds £ £ 1,180 1,180 1,180 1,180 (906) (906) (906) (906) 274 274 274 274	2024 Unrestricted Funds Total Funds £ £ 1,180 1,180 1,180 1,180 (906) (906) (906) (906) 274 274 274 274
		1,180
		(906)
		(906)

		274

		274

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes form part of these financial statements

28/10/25

SPARKS NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2024

1) General Information

Sparks is a Charitable Incorporated Organisation (CIO), registered in England and Wales. The registered office is located at 9 Egerton Road London N16 6UE.

2) Accounting Policies

Basis of Accounting

The accounts have been prepared under the historical cost convention and in accordance with the Charities Act and applicable accounting standards including the SORP (FRS 102) subject to the revaluation of certain fixed assets and the non-provision of depreciation thereon.

The presentation currency is sterling.

Going Concern

The accounts have been prepared on a going concern basis as there are no material uncertainties about the charity’s ability to continue.

Incoming Resources

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds. It is probable that the income will be received, and the amount can be measured reliably.

Resources Expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

3) Income Donations and grants	Unrestricted Funds £ 1,180 1,180	Total Funds 2024 £ 1,180
		1,180

SPARKS NOTES TO THE ACCOUNTS (continued) YEAR ENDED 31 DECEMBER 2024

4) Expenditure on charitable activities by activity

Support Costs 5) Analysis of Support Costs Governance costs 6) Creditors: amount falling due within one year Accruals General Activities	Activities undertaken £ 606 - 606	Support costs £ - 300 300	Total Funds 2024 £ 606 300 906 2024 £ 300 2024 £ 300

7) Net movement in funds

It is the policy of the charity to move restricted funds to unrestricted funds once it has been spent unless there are restricting conditions even after the income has been spent.

At 22 April 2024 Incoming resources Expended resources Total funds available for future activities At 31 December 2024	Unrestricted Funds £ - 1,180 (906) 274	Total £ - 1,180 (906) 274

8) Related party transactions

There were no related party transactions made during the year.