THE SPARKLE FOUNDATION

Charity Number: 1161708
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

We improve the lives of vulnerable children and build brighter sustainable futures. We have a holistic approach to development, which incorporates education, medical care, nutrition and sustainability, creating lasting and measurable changes for our communities. We have 400 orphans and vulnerable children in our care across two sites, an outreach of 15,000 community members and 35 employees.

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£740,225

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Donations and legacies £631.71k
Charitable activities £0
Other trading activities £0
Investments £108.52k
Other £0

Total expenditure:
£584,116

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Raising funds £41.76k
Charitable activities £533.44k
Other £8.92k

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £50.67k
Charitable expenditure £533.44k
Retained for future use £156.11k

People

3 Employee(s)

5 Trustee(s)

20 Volunteer(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • The Prevention Or Relief Of Poverty
Who the charity helps:
  • Children/young People
  • People With Disabilities
How the charity helps:
  • Provides Other Finance
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Other Charitable Activities
Where the charity operates:
  • Malawi

Governance

Registration history:
  • 18 May 2015: CIO registration
Organisation type:
CIO
Other names:
  • SPARKLE MALAWI (Previous name)
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Campaigns and political activity policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Engaging external speakers at charity events policy and procedures
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

5 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Dr Neville Prior Chair 04 December 2018
None on record
Gareth Dray Trustee 05 May 2025
None on record
Nicholas Faraday Trustee 02 February 2022
None on record
Martin Waud Trustee 19 February 2020
None on record
Michael Burton Trustee 22 June 2019
None on record

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £283.46k £288.03k £388.00k £470.50k £740.23k
Total expenditure £329.39k £236.51k £338.00k £415.71k £584.12k
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies N/A N/A N/A N/A £631.71k
Income - Other trading activities N/A N/A N/A N/A £0
Income - Charitable activities N/A N/A N/A N/A £0
Income - Endowments N/A N/A N/A N/A £0
Income - Investment N/A N/A N/A N/A £108.52k
Income - Other N/A N/A N/A N/A £0
Income - Legacies N/A N/A N/A N/A £0
Expenditure - Charitable activities N/A N/A N/A N/A £533.44k
Expenditure - Raising funds N/A N/A N/A N/A £41.76k
Expenditure - Governance N/A N/A N/A N/A £0
Expenditure - Grants institution N/A N/A N/A N/A £0
Expenditure - Investment management N/A N/A N/A N/A £0
Expenditure - Other N/A N/A N/A N/A £8.92k

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets N/A N/A N/A N/A £1.63k
Long-term investments N/A N/A N/A N/A £0
Other assets N/A N/A N/A N/A £530.33k
Defined benefit pension scheme asset or liability N/A N/A N/A N/A £0
Total liabilities N/A N/A N/A N/A £8.59k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 30 October 2024 On Time
Accounts and TAR 31 December 2023 30 October 2024 On Time Download Open in new window
Annual return 31 December 2022 10 October 2023 On Time
Accounts and TAR 31 December 2022 10 October 2023 On Time Download Open in new window
Annual return 31 December 2021 28 October 2022 On Time
Accounts and TAR 31 December 2021 28 October 2022 On Time Download Open in new window
Annual return 31 December 2020 20 May 2021 On Time
Accounts and TAR 31 December 2020 20 May 2021 On Time Download Open in new window
Annual return 31 December 2019 16 October 2020 On Time
Accounts and TAR 31 December 2019 16 October 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

CIO - Foundation Registered 18 May 2015

Charitable objects

THE OBJECTS OF THE CIO ARE FOR THE ADVANCEMENT OF EDUCATION AND HEALTH FOR THE PUBLIC BENEFIT OF VULNERABLE CHILDREN AND YOUNG ADULTS IN THE REPUBLIC OF MALAWI BY THE CONTINUED DEVELOPMENT OF THEIR INDIVIDUAL CAPABILITIES, COMPETENCIES, SKILLS, AND UNDERSTANDING IN SUBJECTS OF EDUCATIONAL VALUE AND BY PROVIDING FOOD AND WATER AND SANITATION FACILITIES.

Area of benefit

The area the charity can operate in, as set out in its governing document.

OVERSEAS

Contact information

Address:
The Penthouse
Flat 16 St. Johns Wood
2 Clifton Drive
Lytham
Lancashire
FY8 5PF
Phone:
07555 648928
Email:
sarah@sparklemalawi.org
Website:

www.thesparklefoundation.org Open in new window