SPARK YORK C.I.C.

Company limited by guarantee

Company Registration Number:
10071777 (England and Wales)

Unaudited statutory accounts for the year ended 29 March 2024

Period of accounts

Start date: 30 March 2023

End date: 29 March 2024

SPARK YORK C.I.C.

Contents of the Financial Statements

for the Period Ended 29 March 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SPARK YORK C.I.C.

Balance sheet

As at 29 March 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 440 440
Tangible assets: 4 121,578 143,204
Total fixed assets: 122,018 143,644
Current assets
Debtors: 5 61,499 25,205
Cash at bank and in hand: 91,949 55,045
Total current assets: 153,448 80,250
Creditors: amounts falling due within one year: 6 ( 176,753 ) ( 124,710 )
Net current assets (liabilities): (23,305) (44,460)
Total assets less current liabilities: 98,713 99,184
Creditors: amounts falling due after more than one year: 7 ( 41,605 ) ( 63,296 )
Total net assets (liabilities): 57,108 35,888
Members' funds
Profit and loss account: 57,108 35,888
Total members' funds: 57,108 35,888

The notes form part of these financial statements

SPARK YORK C.I.C.

Balance sheet statements

For the year ending 29 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 26 March 2025
and signed on behalf of the board by:

Name: S Howarth-Leach
Status: Director

The notes form part of these financial statements

SPARK YORK C.I.C.

Notes to the Financial Statements

for the Period Ended 29 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Land & buildings - Length of lease Plant & machinery - Length of lease Fixtures & fittings - Length of lease

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.

    Other accounting policies

    Pension costs The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.

SPARK YORK C.I.C.

Notes to the Financial Statements

for the Period Ended 29 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 14 14

SPARK YORK C.I.C.

Notes to the Financial Statements

for the Period Ended 29 March 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 30 March 2023 440 440
Additions
Disposals
Revaluations
Transfers
At 29 March 2024 440 440
Amortisation
At 30 March 2023 0 0
Charge for year
On disposals
Other adjustments
At 29 March 2024 0 0
Net book value
At 29 March 2024 440 440
At 29 March 2023 440 440

SPARK YORK C.I.C.

Notes to the Financial Statements

for the Period Ended 29 March 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 30 March 2023 21,715 520,604 542,319
Additions 19,426 19,426
Disposals
Revaluations
Transfers
At 29 March 2024 21,715 540,030 561,745
Depreciation
At 30 March 2023 17,317 381,798 399,115
Charge for year 1,319 39,733 41,052
On disposals
Other adjustments
At 29 March 2024 18,636 421,531 440,167
Net book value
At 29 March 2024 3,079 118,499 121,578
At 29 March 2023 4,398 138,806 143,204

SPARK YORK C.I.C.

Notes to the Financial Statements

for the Period Ended 29 March 2024

5. Debtors

2024 2023
£ £
Trade debtors 50,341 6,194
Prepayments and accrued income 7,258 19,011
Other debtors 3,900
Total 61,499 25,205

SPARK YORK C.I.C.

Notes to the Financial Statements

for the Period Ended 29 March 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 20,000 20,000
Trade creditors 38,737 33,462
Taxation and social security 28,394 16,028
Accruals and deferred income 15,343 6,562
Other creditors 74,279 48,658
Total 176,753 124,710

SPARK YORK C.I.C.

Notes to the Financial Statements

for the Period Ended 29 March 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 41,605 63,296
Total 41,605 63,296

COMMUNITY INTEREST ANNUAL REPORT

SPARK YORK C.I.C.

Company Number: 10071777 (England and Wales)

Year Ending: 29 March 2024

Company activities and impact

Spark York C.I.C is challenging the status quo of the lack of provision for affordable space for start-ups, new businesses and social enterprises and has transformed shipping containers into versatile retail spaces and incubator units. Our model allows typically, younger, marginalised, diverse, local individuals to set up businesses in retail, creative industries and the arts, food and beverage and social enterprises. Spark provides them with have a place to test their concept and then incentivise them into growth into permanent spaces in York. We find these organisations in our spaces tend to be ran by younger individuals, many women, many disabled or BAME, many in lower socio- economic groups, who need the chance to prove themselves. These businesses hire younger, ambitious and often marginalised individuals into well-paid, secure and skilled employment. The profits of our model subsidise event spaces free of charge to the community, in which 100 local groups regularly take advantage of this opportunity. We have expanded our output to art space, a bi-weekly food bank and an aeroponic urban farm, which continues to drive community output and return.

Consultation with stakeholders

Our key stakeholders include: our businesses, members of the local community (including community groups and charities), and the landowner (the local authority). Where possible, decisions are made across the venue collectively, with businesses voting on issues such as opening times, venue aesthetics, event provision etc. This allows arising issues to be discussed and to contribute to a more collective way of operation. Businesses who work closely together share space, skills and their own ideas to develop and maximise both their commercial performance and social impact. We work closely with local residents and members of our community, by hosting residents’ meetings, communicating directly of issues in the locality alongside our relationship with the local community. We engage regularly with visitors of our venue through in person and online communication methods to garner feedback, strengthen community ownership and dialogue and drive changes informed by the community. Finally, we submit reports to the regeneration team at the local authority to understand the social impact of the project. These reports showcase financial and economic impact, and how it supports civic society, community groups and individuals across the community.

Directors' remuneration

The aggregate amount of emoluments paid to directors in respect of qualifying services was £75,000. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

During the year, donations to outside bodies amounted to £1,000, paid to the following: £500.00 to York Older People’s Assembly £500.00 to York Mind Ltd No transfer of assets other than for full consideration has been made

This report was approved by the board of directors on
28 March 2025

And signed on behalf of the board by:
Name: Sam Howarth-Leach
Status: Director