0 false false true false false false false true false false false false false true true true No description of principal activity 2024-10-01 Sage Accounts Production Advanced 2025 - FRS102_2025_Charity 5,370 19,180 24,550 1,595 3,443 5,038 19,512 3,775 xbrli:pure xbrli:shares iso4217:GBP 12897013 2024-10-01 2025-09-30 12897013 2025-09-30 12897013 2024-09-30 12897013 2023-10-01 2024-09-30 12897013 2024-09-30 12897013 2023-09-30 12897013 core:FurnitureFittings 2024-10-01 2025-09-30 12897013 bus:LeadAgentIfApplicable 2024-10-01 2025-09-30 12897013 char:Trustee1 2024-10-01 2025-09-30 12897013 char:Trustee2 2024-10-01 2025-09-30 12897013 char:Trustee3 2024-10-01 2025-09-30 12897013 char:TotalUnrestrictedFunds 2024-09-30 12897013 char:TotalRestrictedIncomeFunds 2024-09-30 12897013 char:TotalUnrestrictedFunds 2025-09-30 12897013 char:TotalRestrictedIncomeFunds 2025-09-30 12897013 char:TotalRestrictedIncomeFunds 2024-09-30 12897013 char:TotalUnrestrictedFunds 2024-09-30 12897013 char:TotalUnrestrictedFunds 2024-10-01 2025-09-30 12897013 char:TotalRestrictedIncomeFunds 2024-10-01 2025-09-30 12897013 char:TotalUnrestrictedFunds 2023-10-01 2024-09-30 12897013 char:TotalRestrictedIncomeFunds 2023-10-01 2024-09-30 12897013 core:WithinOneYear 2025-09-30 12897013 core:WithinOneYear 2024-09-30 12897013 core:FurnitureFittings 2024-09-30 12897013 core:FurnitureFittings 2025-09-30 12897013 core:FurnitureFittings 2024-09-30 12897013 bus:SmallEntities 2024-10-01 2025-09-30 12897013 bus:AuditExempt-NoAccountantsReport 2024-10-01 2025-09-30 12897013 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 12897013 bus:FullAccounts 2024-10-01 2025-09-30
COMPANY REGISTRATION NUMBER: 12897013
CHARITY REGISTRATION NUMBER: 1193418
SPARKS OF SUCCESS LTD
Company Limited by Guarantee
Unaudited Financial Statements
30 September 2025
SPARKS OF SUCCESS LTD
Company Limited by Guarantee
Financial Statements
Year ended 30 September 2025
Page
Trustees' annual report (incorporating the director's report)
1
Independent examiner's report to the trustees
3
Statement of financial activities (including income and expenditure account)
4
Statement of financial position
5
Notes to the financial statements
6
SPARKS OF SUCCESS LTD
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 30 September 2025
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 2025 .
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
H S Horovitz
M B Schonfeld
H Grossberger
Independent examiner
David Pollak
158 Cromwell Road
Salford
M6 6DE
Structure, governance and management
The Trustees in office during the year were Mrs Helen Grossberger, Mrs Malka Brucha Schonfeld & Mrs Haya Sara Horovitz. 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; 1)recreational and leisure time activities in the interest of social welfare, designed so as to improve their conditions of life. 2) support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals. 3)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.
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 £66,279 (2024 - £36,019) in grants of which £31,746 were restricted.
The charity continued distribution of its charitable funds in accordance with its objectives. There was an increase in direct charitable activities this year in line with the increase in income. Support costs are kept to minimum and were less than the previous 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 £12,769.
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.
Unrestricted reserves policy
We maintain unrestricted reserves to provide financial stability and ensure the continuity of our core work with disadvantaged children. These reserves are held to protect against unexpected shortfalls in income, delays in funding, or unforeseen increases in expenditure, allowing us to continue supporting vulnerable young people without disruption.
Our target is to hold unrestricted reserves equivalent to three months of regular operating costs. This level has been chosen to strike a balance between responsible financial planning and ensuring that available funds are actively used to support our charitable aims.
The reserves are reviewed annually by the trustees as part of the budgeting process, and any adjustments to the target level are made in response to changes in the organisation's size, activities, and risk profile.
Unrestricted reserves are not intended to accumulate long term but to serve as a practical safeguard, ensuring we can continue to deliver essential services even during uncertain periods.
The net reserves carried forward stands at £18,940.
Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under FRS102.
The trustees' annual report and the strategic report were approved on 21 May 2026 and signed on behalf of the board of trustees by:
H Grossberger
Trustee
SPARKS OF SUCCESS LTD
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of SPARKS OF SUCCESS LTD
Year ended 30 September 2025
I report to the trustees on my examination of the financial statements of SPARKS OF SUCCESS LTD ('the charity') for the year ended 30 September 2025.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the 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. Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 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; or
4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
David Pollak Independent Examiner
158 Cromwell Road Salford M6 6DE
21 May 2026
SPARKS OF SUCCESS LTD
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 30 September 2025
2025
2024
Unrestricted funds
Restricted funds
Total funds
Total funds
Note
£
£
£
£
Income and endowments
Donations and legacies
5
34,533
31,746
66,279
36,019
--------
--------
--------
--------
Total income
34,533
31,746
66,279
36,019
--------
--------
--------
--------
Expenditure
Expenditure on charitable activities
6,7
32,058
21,452
53,510
36,248
--------
--------
--------
--------
Total expenditure
32,058
21,452
53,510
36,248
--------
--------
--------
--------
--------
--------
--------
--------
Net income/(expenditure) and net movement in funds
2,475
10,294
12,769
( 229)
--------
--------
--------
--------
Reconciliation of funds
Total funds brought forward
3,171
3,000
6,171
6,400
--------
--------
--------
--------
Total funds carried forward
5,646
13,294
18,940
6,171
--------
--------
--------
--------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
SPARKS OF SUCCESS LTD
Company Limited by Guarantee
Statement of Financial Position
30 September 2025
2025
2024
Note
£
£
Fixed assets
Tangible fixed assets
15
19,512
3,775
Current assets
Cash at bank and in hand
328
3,296
Creditors: amounts falling due within one year
16
900
900
----
-------
Net current liabilities
( 572)
2,396
--------
-------
Total assets less current liabilities
18,940
6,171
--------
-------
Net assets
18,940
6,171
--------
-------
Funds of the charity
Restricted funds
13,294
3,000
Unrestricted funds
5,646
3,171
--------
-------
Total charity funds
17
18,940
6,171
--------
-------
For the year ending 30 September 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 21 May 2026 , and are signed on behalf of the board by:
H Grossberger
Trustee
SPARKS OF SUCCESS LTD
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 September 2025
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 52 Symons Street, Salford, England, M7 4AP.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
Sparks Of Success Ltd is a registered charity and a company limited by guarantee and does not have a share capital. In the event of the charity being wound up, members are required to contribute an amount not exceeding £10.
5. Donations and legacies
Unrestricted Funds
Restricted Funds
Total Funds 2025
£
£
£
Grants
Grants receivable
34,533
31,746
66,279
--------
--------
--------
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Grants
Grants receivable
33,019
3,000
36,019
--------
-------
--------
6. Expenditure on charitable activities by fund type
Unrestricted Funds
Restricted Funds
Total Funds 2025
£
£
£
Charitable activity
29,756
19,164
48,920
Support costs
2,302
2,288
4,590
--------
--------
--------
32,058
21,452
53,510
--------
--------
--------
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Charitable activity
30,544
3,275
33,819
Support costs
2,429
–
2,429
--------
-------
--------
32,973
3,275
36,248
--------
-------
--------
7. Expenditure on charitable activities by activity type
Activities undertaken directly
Grant funding of activities
Support costs
Total funds 2025
Total fund 2024
£
£
£
£
£
Charitable activity
40,615
8,305
3,566
52,486
35,348
Governance costs
–
–
1,024
1,024
900
--------
-------
-------
--------
--------
40,615
8,305
4,590
53,510
36,248
--------
-------
-------
--------
--------
8. Analysis of charitable activity
Analysis of charitable activity
Total 2025
Total 2024
£
£
£
Consultancy
11,870
11,870
15,772
Events
11,008
11,008
5,470
Office
7,405
7,405
4,917
Rent
10,332
10,332
7,660
40,615
40,615
33,819
9. Analysis of support costs
Analysis of support costs
Total 2025
Total 2024
£
£
£
Communications and IT
–
–
540
General office
122
122
322
Finance costs
3,444
3,444
667
Governance costs
1,024
1,024
900
-------
-------
-------
4,590
4,590
2,429
-------
-------
-------
10. Analysis of grants
2025
2024
£
£
Grants to institutions
Grants to institutions
8,305
–
-------
----
Total grants
8,305
–
-------
----
11. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
2025
2024
£
£
Depreciation of tangible fixed assets
3,443
666
-------
----
12. Independent examination fees
2025
2024
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
1,024
900
-------
----
13. Staff costs
The average head count of employees during the year was Nil (2024: Nil).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
14. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
15. Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 October 2024
5,370
Additions
19,180
--------
At 30 September 2025
24,550
--------
Depreciation
At 1 October 2024
1,595
Charge for the year
3,443
--------
At 30 September 2025
5,038
--------
Carrying amount
At 30 September 2025
19,512
--------
At 30 September 2024
3,775
--------
16. Creditors: amounts falling due within one year
2025
2024
£
£
Accruals and deferred income
900
900
----
----
17. Analysis of charitable funds
Unrestricted funds
At 1 October 2024
Income
Expenditure
At 30 September 2025
£
£
£
£
General funds
3,171
34,533
(32,058)
5,646
-------
--------
--------
-------
At 1 October 2023
Income
Expenditure
At 30 September 2024
£
£
£
£
General funds
3,125
33,019
(32,973)
3,171
-------
--------
--------
-------
Restricted funds
At 1 October 2024
Income
Expenditure
At 30 September 2025
£
£
£
£
Restricted Fund
3,000
31,746
(21,452)
13,294
-------
--------
--------
--------
At 1 October 2023
Income
Expenditure
At 30 September 2024
£
£
£
£
Restricted Fund
3,275
3,000
(3,275)
3,000
-------
-------
-------
-------
18. Analysis of net assets between funds
Unrestricted Funds
Restricted Funds
Total Funds 2025
£
£
£
Tangible fixed assets
6,546
12,966
19,512
Current assets
–
328
328
Creditors less than 1 year
(900)
–
(900)
-------
--------
--------
Net assets
5,646
13,294
18,940
-------
--------
--------
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Tangible fixed assets
3,775
–
3,775
Current assets
296
3,000
3,296
Creditors less than 1 year
(900)
–
(900)
-------
-------
-------
Net assets
3,171
3,000
6,171
-------
-------
-------