OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

ASPIRING COMMUNITIES TOGETHER LIMITED

REGISTERED IN ENGLAND AND WALES UNDER COMPANY NUMBER 4714028

REGISTERED CHARITY NUMBER 1104200

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2022

TINGLE ASHMORE LTD

CHARTERED ACCOUNTANTS AND REGISTERED AUDITORS

SHEFFIELD

ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2022

INDEX

Page
Trustees' annual report 1-5
Independent examiner's report 6
Consolidated statement of financial activities and income and
expenditure account 7
Consolidated and charity balance sheets 8
Statement of cash flows and consolidated cash flows 9
Principal accounting policies 10-11
Notes to the financial statements 12-20

ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2022

TRUSTEES' ANNUAL REPORT

The trustees present their annual directors' report and the unaudited financial statements of the charity for the year ended 31st March 2022 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.

Objectives of the charity

The Charity is established for the following objects (the Objects) directed wholly or mainly to the benefit of the local community in the City of Sheffield:

Public benefit

The trustees consider that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charities Commission and that the review of activities demonstrates that the charity delivers public benefit.

Background, history, experience of client group and position to date

Established in 1986, Aspiring Communities Together (ACT) is an experienced, award winning, financially robust and inclusive Sheffield based community organisation. ACT is a local community anchor organisation that prides itself in adapting its vision to reflect the diverse changing needs in the community to ensure we are inclusive to all.

We deliver services that aim to tackle persistent social and economic disadvantages and educational underachievement to the Black and Minority Ethnic (BME) community across Sheffield with a particular focus on deprived neighbourhoods of Fir Vale and Burngreave.

Our vision is an area with reduced inequalities and improved access and opportunity for the local community. We achieve this by delivering inspiring and innovative services in health, employment, training, social and physical activities for adults and children. Complementing local, city-wide and national strategies, ACT builds on the strengths of the local community and facilitates this by widening people’s horizons and engaging the local community in a journey of change.

Page 1

ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2022

TRUSTEES' ANNUAL REPORT

ACT review of activities

Aspiring Communities Together Ltd, is at the heart of the communities it works with, advocating on behalf of those that would struggle to navigate access to services they are in dire need of.

Our approach has always been encouraging face2face services, as this is always what many of our service users feel key to meeting their needs. The retention of Community Champions has been a very key and important resource. Without our volunteers much of our services would be impacted. Therefore, it is important to recognise the work of Community Champions.

This year “Health, Mental Health, Well-Being, Advice Services / Advocacy" has been a key part of the service we have rolled out. The support & our relationship with staff in the NHS through our COVID vaccine activities has been very successful.

The continuing work of NHS COVID vaccination partnership work has been an excellent partnership led by our CEO and his team of support workers & volunteers. Providing key information to BAMER communities on the impact of COVID-19 and how best to keep safe with up to date, key Government National Guidelines.

The Gym and Café has begun to rebuild its work following the impact of the lockdown, and steadily we have begun to have an increase of a footprint of access to the Healthy Living Centre.

The CEO has demonstrated a great understanding of the lobbying for change and influencing Policy Change; this can be reflected in the support and the resources he has been able to stream in to ensure the survival and sustainability of the organisation.

The Arabic school still continues to deliver an excellent educational provision, supporting 250 pupils. The Head teacher and the support of the volunteers and their commitment has ensured the survival of the service. Without this much needed resource many of our young people would be at high risk of gang & knife crime engagement.

Adult Learning has continued and is in high demand, with excellent project management and leadership. Not only do the tutors and the project co-ordinator deliver a range of courses, but they also go beyond their time by providing mentoring, advocacy support.

The HAF programme run by our excellent Team Leader has been successfully running every half term & summer holiday period. Through these resources we have been able to support young people, offering sports & food resources throughout school holidays.

Aspiring Communities Together Ltd will continue to work closely within the community and ensure it continues to be a community and service led provider.

Financial Review

The charity's total income increased by £148k to £649k, mainly due to additional income from charitable activities. In addition, there was higher income from the café and gym, following the relaxation of the Covid restrictions, although this was offset to some extent by lower furlough grants. Total expenditure was comparable to the previous year, at £453k, with the majority relating to staffing costs.

Net group income for the year was £196,379 which comprises a surplus on unrestricted funds of £222,991 and a reduction in the restricted income fund balances of £26,612.

Net assets of the group increased to £979,050 of which £502,530 are restricted and £476,520 unrestricted funds. Reserves at 31st March 2022 amounted to £447,937.

Page 2

ASPIRING COMMUNITIES TOGETHER LIMITED

TRUSTEES' ANNUAL REPORT

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2022

Investments

The charity has no investments other than current bank accounts.

The property held is not investment property but is there to provide suitable facilities to carry out the charity's activities. Incidental income is generated by the occasional rental of rooms and facilities.

Reserves policy

The policy is to:-

A full version of the reserves policy is available from the offices of the charity, on request.

Incoming resources

Most incoming resources are generated from specific grants given to the charity to supply specified services and/or specified outcomes. This income is by definition restricted in nature.

There are other minor grants and donations which are generally unrestricted in nature.

Other sources of income are from the Healthy Living Centre and recharges for charity services and room hire. This is classified as unrestricted.

Governing document

Memorandum and Articles of Association incorporated 27th March 2003, amended by Special Resolutions dated 25th February 2006, 28th February 2008, 6th December 2008 and 14th June 2013.

Organisational structure

Overall strategic management of the organisation is undertaken by the trustees as a whole through their monthly meetings. The staff are accountable to the trustees through the Programme Director, who reports to the trustees at these monthly meetings.

Day to day management is undertaken by the Programme Director who is line managed by the Chair of the trustees, who has delegated responsibility to deal with urgent issues between meetings on the basis of “chair’s action”.

Trustee recruitment

Trustees are recruited from suitably qualified or experienced members of the local community. New and replacement trustees are nominated by member organisations and stand for election at the AGM. The group so elected may then co-opt up to three additional trustees. The trustees aim to be as inclusive as possible and have used co-options this year to bring in new trustees.

Training and induction

Training and induction is provided as and when required. Trustees attended training sessions this year arranged through the Voluntary Action Sheffield Academy for Community Learning around the areas of “Management and Governance” and “Legal Responsibilities”.

Page 3

ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2022

TRUSTEES' ANNUAL REPORT

Volunteers

The charity uses volunteers in various roles, and their expenses are reimbursed. The use of volunteers provides extra resources to the charity and provides the volunteer with work and administrative experience and so fulfils part of the charity's objectives.

Related parties

The charity has a relationship with the Hadfield Institute Ltd, a registered charity sharing financial management arrangements, some premises and staff. The Chair of each organisation sits as a trustee on the other organisation. Other than this, the two boards of trustees have no other trustees in common.

Risks

The charity has no investments other than current bank balances and has therefore no risk in this area. Property is owned and rented and risk in this area is minimised by suitable insurance. The main area of risk is that of the charity not obtaining new contracts in the future.

Reference and administrative details

Charity number 1104200 Company number 4714028 Name and registered office Aspiring Communities Together Ltd 1st Floor, Firvale Building, Earl Marshall Road, Sheffield, S4 8LB Our advisors: Accountants Tingle Ashmore Ltd Chartered Accountants and Statutory Auditors Enterprise House, Broadfield Court, Sheffield, S8 0XF Bankers Lloyds TSB Plc Church Street, Sheffield, S1 1HP Directors and trustees Faiza Shaibi Ahmed Abdulqader Saleh Al-Yafai Ahd Saeed Rafat Saleh Awad Gobran - appointed Mar-22 Said Ali - appointed Sep-22 Kassim Kassim - resigned Aug-22 Naser Mohamed - resigned Jun-22 Key management personnel A Shaif Chief Executive Officer A Mohamad Centre Manager M Taha Finance Officer S Saleh Team Leader, Adult Learning K Swinney Training Manager

Page 4

ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

TRUSTEES' ANNUAL REPORT

31ST MARCH 2022

Trustees' responsibilities

The trustees (who are also directors of Aspiring Communities Together Ltd for the purposes of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for the year. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared taking advantage of the small companies exemption of section 415A of the Companies Act 2006.

The report of the trustees was approved by the board on 14th January 2023 and signed on its behalf by

…………………………………………… Awad Gobran Trustee

Page 5

ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2022

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

ASPIRING COMMUNITIES TOGETHER LIMITED

I report to the charity trustees on my examination of the accounts of the company for the year ended 31st March 2022 which are set out on pages 7 to 20.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts 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 your company’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

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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 that in any material respect:

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.

…………………………………………… Brendan Ashmore ACA Tingle Ashmore Ltd Chartered Accountants & Registered Auditors Enterprise House Broadfield Court Sheffield S8 0XF

Dated : 25th January 2023

Page 6

ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES AND

INCOME AND EXPENDITURE ACCOUNT

Unrestricted Restricted Total Total
funds funds funds funds
Notes 2022 2022 2022 2021
£ £ £ £
Income from:
Charitable activities 2 295,884 246,989 542,873 405,287
Donations and similar income 1,460 - 1,460 -
Investment income:
Interest receivable 12 - 12 28
Other trading activities:
Commercial trading operations 3 50,723 - 50,723 9,547
Other 6,312 - 6,312 2,757
Other income:
Coronavirus Job Retention Scheme 47,752 - 47,752 83,235
_ _ _ _
Total income 402,143 246,989 649,132 500,854
_ _ _ _
Expenditure on:
Raising funds:
Commercial trading operations 3 74,934 - 74,934 41,376
Charitable activities 4 117,344 260,475 377,819 412,914
_ _ _ _
Total expenditure 192,278 260,475 452,753 454,290
_ _ _ _
Net income/(expenditure) for the year 5 209,865 (13,486) 196,379 46,564
Transfer between funds 11 13,126 (13,126) - -
_ ______ _ ______
Net movement in funds 222,991 (26,612) 196,379 46,564
Total funds brought forward 253,529 529,142 782,671 736,107
_ _ _ _
Total funds carried forward £476,520 £502,530 £979,050 £782,671
_
_		 _
_		 _
_		 _
_

The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

Page 7

ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2022

CONSOLIDATED AND CHARITY BALANCE SHEETS

Group Group Charity Charity
2022 2021 2022 2021
Notes £ £ £ £
Fixed assets
Tangible assets 8 530,153 552,516 525,272 550,984
_ _ _ _
Current assets
Stock 290 500 - -
Debtors 9 137,742 33,977 131,925 35,755
Cash at bank and on hand 333,734 210,364 333,684 210,314
_ _ _ _
471,766 244,841 465,609 246,069
Creditors - amounts falling due within
one year 10 22,869 14,686 15,644 9,997
_ _ _ _
Net current assets 448,897 230,155 449,965 236,072
_ _ _ _
Net assets £979,050 £782,671 £975,237 £787,056
_ _ _ _
_ _ _ _
Income funds
Unrestricted funds
General funds 11 447,937 226,133 444,124 230,518
Designated funds 11 28,583 27,396 28,583 27,396
_ _ _ _
476,520 253,529 472,707 257,914
Restricted funds 11 502,530 529,142 502,530 529,142
_ _ _ _
Total funds 12 £979,050 £782,671 £975,237 £787,056
_
_		 _
_		 _
_		 _
_

For the year ending 31st March 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Trustees' responsibilities:

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

These financial statements were approved and authorised for issue by the Board on 14th January 2023 and signed on their behalf by

……………………………….

Awad Gobran - Trustee

……………………………….

Said Ali - Trustee

Company number : 4714028

Page 8

ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2022

STATEMENT OF CASH FLOWS AND CONSOLIDATED CASH FLOWS

Group Group Charity Charity
2022 2021 2022 2021
Notes £ £ £ £
Cash flows from operating activities:
Net cash provided by operating
activities 14 128,798 91,316 124,438 91,316
_ ______ _ ______
Cash flows from investing activities:
Interest received 12 28 12 28
Purchase of tangible fixed assets (5,440) - (1,080) -
_____ ___ _____ ___
Net cash used in investing activities (5,428) 28 (1,068) 28
_____ ___ _____ ___
Change in cash and cash equivalents
in the year 123,370 91,344 123,370 91,344
Cash and cash equivalents at the
beginning of the year 210,364 119,020 210,314 118,970
_ _ _ _
Cash and cash equivalents at the end
of the year £333,734 £210,364 £333,684 £210,314
_ _ _ _
_ _ _ _
Cash and cash equivalents consists of:
Cash in hand 1,563 1,427 1,513 1,377
Bank balances 332,171 208,937 332,171 208,937
_ _ _ _
Total cash and cash equivalents £333,734 £210,364 £333,684 £210,314
_
_		 _
_		 _
_		 _
_

Page 9

ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2022

PRINCIPAL ACCOUNTING POLICIES

Aspiring Communities Together Limited is a company limited by guarantee registered in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 4 of these financial statements.

The charity constitutes a public benefit entity as defined by FRS 102. These financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard application in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The following is a summary of the more important accounting policies used by the charity.

Going concern

The financial statements have been prepared on the going concern basis as the trustees believe that there are no material uncertainties.

Group financial statements

These financial statements consolidate the results of the charity and its wholly owned subsidiary, Aspiring Communities Sheffield Limited, on a line by line basis.

Income

All income is accounted for as soon as the charity has entitlement to the income, there is certainty of receipt and the amount can be measured with sufficient reliability. Income is only deferred when:

Grants receivable

Grants in respect of revenue items are written off to the income and expenditure account in the period to which they relate. Grants in respect of specific projects are credited to a restricted fund, against which relevant expenditure is charged.

Expenditure

Expenditure is recognised when a liability is incurred.

Irrecoverable value added tax

Irrecoverable value added tax is written off to the Statement of Financial Activities in the year in which it arises.

Page 10

ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2022

PRINCIPAL ACCOUNTING POLICIES

Pension costs

The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are written off to the Statement of Financial Activities in the year in which they are payable.

Termination Benefits

Termination benefits are payable when employment is terminated before the normal retirement date, or whenever an employee accepts voluntary redundancy in exchange for these benefits. The charity recognises termination benefits when it is demonstrably committed to either (i) terminating the employment of current employees according to a detailed formal plan without possibility of withdrawal or (ii) providing termination benefits as a result of an offer made to encourage voluntary redundancy.

Debtors

Trade and other debtors are recognised at the settlement amount due after any discount offered.

Creditors

Creditors are recognised when the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. These are initially recognised at transaction value and are subsequently measured at their settlement value.

Depreciation

Depreciation of tangible fixed assets is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold property improvements - 25 years straight line Office equipment - 20% straight line on cost Computer equipment and software - 33.3% straight line on cost Fixtures and fittings - 20% straight line on cost

The trustees consider that the buildings are maintained such that their residual value is at least equal to their net book value. As a result, the corresponding depreciation would not be material and is not charged in the statement of financial activities. The trustees perform annual impairment reviews in accordance with the requirements of FRS102 to ensure that the carrying value is not lower than the recoverable amount.

Fund accounting

Funds held by the charity are either:-

Page 11

ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2022

NOTES TO THE FINANCIAL STATEMENTS

1 Financial activities of the charity

The financial activities shown in the consolidated statement include those of the charity's wholly owned subsidiary Aspiring Communities Sheffield Limited.

The summary financial performance of the charity alone is:

The summary financial performance of the charity alone is:
2022 2021
£ £
Income from:
Charitable activities 534,873 405,287
Other donations and similar income 1,460 -
Interest receivable 12 28
Other trading activities 6,312 2,757
Coronavirus Job Retention Scheme 23,343 52,333
_ _
566,000 460,405
_ _
Expenditure on:
Charitable activities 377,819 416,514
_ _
Net income 188,181 43,891
Total funds brought forward 787,056 743,165
_ _
Total funds carried forward £975,237 £787,056
_ _
_ _
Represented by:
Unrestricted income funds 472,707 257,914
Restricted income funds 502,530 529,142
_ _
Total funds carried forward £975,237 £787,056
_
_		 _
_

Page 12

ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2022

NOTES TO THE FINANCIAL STATEMENTS

Unrestricted Restricted Total Total
funds funds funds funds
2022 2022 2022 2021
£ £ £ £
2 Income from charitable activities:
Adult Learning:
Adult and Community Learning Service 87,408 - 87,408 95,256
NLDC - - - 27,707
Inclusion:
Sheffield Inclusion Centre 664 - 664 68,953
SOAR:
Health Champions - 7,815 7,815 7,815
Early Years - 2,325 2,325 2,325
Let's Build Health - 1,500 1,500 -
Dementia - 1,500 1,500 -
Holiday Hunger - - - 11,815
Other - - - 3,600
Elder's Project:
Muslim Elders Support Project - 10,000 10,000 10,000
Social café - 5,636 5,636 4,227
Yorkshire Sport Foundation - - - 850
Covid support:
Sheffield City Council - 9,300 9,300 24,000
National Lottery Community Fund - - - 75,251
ISRAAC Somali Community Association - - - 2,000
South Yorkshire Housing Association - - - 5,000
Other:
Arabic School Student Fees 17,830 - 17,830 8,170
Children In Need - 44,307 44,307 46,758
ESF - Ambitions Programme - 29,170 29,170 -
Yorkshire Sport Foundation - 4,850 4,850 1,575
NHS Sheffield - CCG 31,000 - 31,000 -
SACHMA - Mental Health - 10,000 10,000 -
Sheffield College 64,914 - 64,914 -
Sheffield City Council HAF Programme - 22,612 22,612 -
Sheffield City Council Community Champions - 21,500 21,500 -
Sheffield City Council Transitional Grant 28,500 - 28,500 -
Sheffield City Council - Other Grants 24,400 - 24,400 3,340
Kickstart Programme 2,699 67,996 70,695 -
South Yorkshire Community Foundation 9,568 - 9,568 1,812
South Yorkshire Foundation - - - 4,833
Voice 4 Change - 5,478 5,478 -
Voluntary Action Sheffield - Move More - 3,000 3,000 -
Winter Pressure Grant 14,514 - 14,514 -
Other 6,387 - 6,387 -
Subsidiary company grants 8,000 - 8,000 -
_ _ _ _
£295,884 £246,989 £542,873 £405,287
_
_		 _
_		 _
_		 _
_

Page 13

ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2022

NOTES TO THE FINANCIAL STATEMENTS

The charity is the sole guarantor of Aspiring Communities Sheffield Limited, a company incorporated in England and Wales and whose principal activity is the provision of health activities through a gym and café.

A summary of the results of the subsidiary company for the year ended 31st March 2022 is shown below:

below:
2022 2021
£ £
Gym fees and café income 50,723 9,547
Café income from parent charity - 3,600
Revenue grants receivable 8,000 -
Coronavirus Job Retention Scheme 24,409 30,902
Cost of sales and overhead expenditure (74,934) (41,376)
______ ______
Net profit 8,198 2,673
Corporation tax - -
_____ _____
Retained in the subsidiary £8,198 £2,673
_____ _____
_____ _____
The assets and liabilities of the subsidiary were:
Fixed assets 4,881 1,532
Current assets 7,211 880
Current liabilities (8,279) (6,797)
_____ _____
Total net assets £3,813 £(4,385)
_____ _____
_____ _____
Aggregate reserves £3,813 £(4,385)
_
___		 _
___

Page 14

ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2022

NOTES TO THE FINANCIAL STATEMENTS

2022 2021
£ £
4 Expenditure on charitable activities:
Direct costs:
Staffing 251,989 219,368
Staff training - 747
Volunteers 23,470 18,500
Educational resources - 1,223
Inclusion running costs at Hadfield - 25,148
Catering and activities 20,981 38,810
Premises costs 11,699 32,529
Office costs 10,746 10,945
Insurances 3,107 3,527
Grant repayable 16,856 -
Travel 2,810 -
Bad debts - 23,438
Professional fees 2,295 1,519
Bank charges and interest 342 32
Other costs 4,032 1,321
Depreciation 26,792 33,227
Governance:
Accountancy 2,700 2,580
_ _
Total expenditure £377,819 £412,914
_
_		 _
_
5 Net income/(expenditure) for the year Net income/(expenditure) for the year
This is stated after charging:
Accountant's remuneration - accounts preparation and examination 2,700 2,580
- subsidiary accounts preparation 914 1,064
Depreciation 27,803 33,564
__
____		 __
____

Page 15

ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2022

NOTES TO THE FINANCIAL STATEMENTS

2022 2021
£ £
6 Analysis of group staff costs, trustee remuneration and expenses, and
the cost of key management personnel
Salaries and wages 278,640 231,443
Redundancies - 9,398
Employer's national insurance 9,018 6,543
Employer pension contributions 953 1,852
_ _
£288,611 £249,236
_
_		 _
_

No employees had employee benefits in excess of £60,000 in either year. No remuneration was paid to trustees in either year. During the year, no expenses were reimbursed to trustees (2021 - £nil).

The key management personnel of the charity and group comprise the trustees, the Chief Executive, the Centre Manager, Finance Officer, Team Leader for Adult Learning and the Training Manager. The total employee benefits of the key management personnel were £111,282 (2021 - £86,633).

2022 2021
number number
The monthly average number of group employees, including casual and
part time staff, was: 25 24
___ ___

7 Related party transactions

There were no related party transactions requiring disclosure in either year.

8 Tangible assets a Group

Tangible assets
Group
Leasehold Plant
Land and property and Total
buildings Improvements machinery
£ £ £ £
Cost
As at 1st April 2021 77,678 676,097 128,383 882,158
Additions - - 5,440 5,440
______ _ _ _
As at 31st March 2022 77,678 676,097 133,823 887,598
______ _ _ _
Depreciation
As at 1st April 2021 - 207,858 121,784 329,642
Charge for year - 24,643 3,160 27,803
___ _ _ _
As at 31st March 2022 - 232,501 124,944 357,445
___ _ _ _
Net book value
As at 31st March 2022 £77,678 £443,596 £8,879 £530,153
__
____		 _
_		 _
___		 _
_

Page 16

ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2022

NOTES TO THE FINANCIAL STATEMENTS

Leasehold Plant
Land and property and Total
buildings Improvements machinery
£ £ £ £
Cost
As at 1st April 2021 77,678 676,097 124,059 877,834
Additions - - 1,080 1,080
______ _ _ _
As at 31st March 2022 77,678 676,097 125,139 878,914
______ _ _ _
Depreciation
As at 1st April 2021 - 207,858 118,992 326,850
Charge for year - 24,643 2,149 26,792
___ _ _ _
As at 31st March 2022 - 232,501 121,141 353,642
___ _ _ _
Net book value
As at 31st March 2022 £77,678 £443,596 £3,998 £525,272
______ _ _____ _
______ _ _____ _
Group Group Charity Charity
2022 2021 2022 2021
£ £ £ £
9 Debtors
Grants in arrears 99,861 24,032 99,861 24,032
Trade debtors 5,817 330 - -
Amounts due from trading subsidiary - - - 2,108
Other debtors and prepayments 32,064 9,615 32,064 9,615
_ ______ _ ______
£137,742 £33,977 £131,925 £35,755
_ ______ _ ______
_ ______ _ ______
10 Creditors - amounts falling due within
one year
Trade creditors 7,920 5,488 6,253 4,424
Other taxation and social security 11,424 5,917 5,637 3,117
Amounts due to trading subsidiary - - 1,054 -
Other creditors and accruals 3,525 3,281 2,700 2,456
______ ______ ______ _____
£22,869 £14,686 £15,644 £9,997
__
____		 __
____		 __
____		 _
___

Page 17

ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2022

NOTES TO THE FINANCIAL STATEMENTS

Balance at Movement in resources Movement in resources Transfers Balance at
1st April Incoming Outgoing 31st March
2021 2022
£ £ £ £ £
11 Movement in group funds
a Current year
Unrestricted funds:
General funds 226,133 402,143 (188,025) 7,686 447,937
Designated funds:
Capital assets 27,396 - (4,253) 5,440 28,583
_ _ _ ______ _
253,529 402,143 (192,278) 13,126 476,520
_ _ _ ______ _
Restricted funds:
Capital assets 525,120 - (23,550) - 501,570
SOAR - 13,140 (13,140) - -
Elder's Project - 15,636 (15,636) - -
Children In Need - 44,307 (44,307) - -
Other 4,022 173,906 (163,842) (13,126) 960
_ _ _ ______ _
529,142 246,989 (260,475) (13,126) 502,530
_ _ _ ______ _
Total funds £782,671 £649,132 £(452,753) £- £979,050
_
_		 _
_		 _
_
_
_

Designated funds:

Capital assets - this represents the net book value of assets purchased from the charity's own reserves.

Restricted funds:

Capital assets - this represents the net book value of assets purchased from restricted grant income. The other restricted funds arise from grants provided for specific projects to fund salaries and other direct charitable costs. The balances carried forward represent the amount of monies received and not expended by 31st March 2022.

The transfers relate to the allocation of overhead expenses to some restricted grants.

Page 18

ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2022

NOTES TO THE FINANCIAL STATEMENTS

Balance at Movement in resources Movement in resources Balance at
1st April Incoming Outgoing 31st March
2020 2021
£ £ £ £
11 Movement in group funds
b Prior year comparison
Unrestricted funds:
General funds 149,067 298,946 (221,880) 226,133
Designated funds:
Capital assets 35,308 - (7,912) 27,396
_ _ _ _
184,375 298,946 (229,792) 253,529
_ _ _ _
Restricted funds:
Capital assets 550,772 - (25,652) 525,120
Adult Learning - 27,707 (27,707) -
SOAR - 25,555 (25,555) -
Elder's Project - 15,077 (15,077) -
National Lottery Community Fund - 75,251 (75,251) -
Children In Need - 46,758 (46,758) -
Other 960 11,560 (8,498) 4,022
_ _ _ _
551,732 201,908 (224,498) 529,142
_ _ _ _
Total funds £736,107 £500,854 £(454,290) £782,671
_
_		 _
_		 _
_		 _
_

12 Analysis of group net assets between funds a Fund balances at 31st March 2022 are represented by:

Restricted General Designated Total
funds funds funds funds
£ £ £ £
Tangible fixed assets 501,570 - 28,583 530,153
Net current assets 960 447,937 - 448,897
_ _ ______ _
Net assets £502,530 £447,937 £28,583 £979,050
_ _ ______ _
_ _ ______ _
b Prior year comparison
Fund balances at 31st March 2021 were represented by:
Tangible fixed assets 525,120 - 27,396 552,516
Net current assets 4,022 226,133 - 230,155
_ _ ______ _
Net assets £529,142 £226,133 £27,396 £782,671
_
_		 _
_		 __
____		 _
_

Page 19

ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2022

NOTES TO THE FINANCIAL STATEMENTS

13 Prior year comparatives

A detailed breakdown of the 2021 consolidated statement of financial activities between unrestricted and restricted funds is as follows:

and restricted funds is as follows:
Unrestricted Restricted Total
funds funds funds
2021
£ £ £
Income from:
Charitable activities 203,379 201,908 405,287
Interest receivable 28 - 28
Other trading activities:
Commercial trading operations 9,547 - 9,547
Other 2,757 - 2,757
Other income:
Coronavirus Job Retention Scheme 83,235 - 83,235
_ _ _
Total income 298,946 201,908 500,854
_ _ _
Expenditure on:
Raising funds:
Commercial trading operations 41,376 - 41,376
Charitable activities 188,416 224,498 412,914
_ _ _
Total expenditure 229,792 224,498 454,290
_ _ _
Net movement in funds for the year £69,154 £(22,590) £46,564
______ ______ ______
______ ______ ______
Group Group Charity Charity
2022 2021 2022 2021
£ £ £ £
14 Reconciliation of net expenditure to net cash
flow from operating activities:
Net income for the year 196,379 46,564 188,181 43,891
Adjustments for:
Depreciation charges 27,803 33,564 26,792 33,227
Interest receivable (12) (28) (12) (28)
Decrease in stock 210 - - -
(Increase)/decrease in debtors (103,765) 15,402 (96,170) 17,423
Decrease/(increase) in creditors 8,183 (4,186) 5,647 (3,197)
_ ______ _ ______
Net cash provided by operating activities £128,798 £91,316 £124,438 £91,316
_
_		 __
____		 _
_		 __
____

Page 20