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2023-03-31-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 2023

TINGLE ASHMORE LTD

CHARTERED ACCOUNTANTS SHEFFIELD

ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2023

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 2023

TRUSTEES' ANNUAL REPORT

The trustees present their annual directors' report and the unaudited financial statements of the charity for the year ended 31st March 2023 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 2023

TRUSTEES' ANNUAL REPORT

ACT review of activities

Aspiring Communities Together Ltd, is at the heart of the communities it works with. The increase and demand for Adult Education, Mental Health & Well Being Support & Advice Services has spiralled. The drive and commitment by the board of trustees, the CEO and the staff has demonstrated a key success to the sustainability of the services and the expansion.

We continue to see the rise of Poverty, high unemployment, rise in crime and youth knife gang crimes; and our organisation is in the middle of this. Through strong leadership, a board of Trustees with dynamic skills and understanding of the “Responsive services” has supported and assisted members of our communities and has been a positive change.

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 the CEO and his team have been able to stream in to ensure the sustainability and growth of the organisation.

The two entrepreneur Healthy Living Centre & the Social Café, have been an asset to ACT and have really supported the BAMER communities in the area. Not only has it provided a much needed provisions; but it has also supported employment opportunities, in recruiting individuals from areas that are already struggling with high unemployment. The partnership work with Sheffield College has secured an increase in access and foot print of the café.

The Arabic school still continues to deliver an excellent educational provision supporting 290 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. We want to thank Save the Children for its support and funding resources to assist the Arabic School and young people.

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 and advocacy support.

Youth Work – that has been supported through the Youth Fund from Sheffield City Council and other streams of small funding to support young people. Without this funding we would not have been able to tackle or support many of the young people who are at risk of being engaged or pulled into gangs or crimes. Through Youth workers and volunteers we have been able to support young people, offering support, reassurance and reduce the risks of losing another young person to a world that shatters lives.

NHS 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, Advance Care Planning and sign posting.

ACT 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 reduced by around £290k, to £361k, mainly due to lower grant funding and the cessation of Covid support during last year. Income at the café and gym rose by around £10k. Total expenditure was around £55k lower than last year, at £397k, with the majority relating to staff costs.

There was net expenditure of £36k for the year which comprises a deficit on unrestricted funds of £12k and a reduction in the restricted income fund balances of £24k.

Net assets of the group reduced to £943k of which £479k are restricted and £464k unrestricted funds. Reserves at 31st March 2023 amounted to £439k.

Page 2

ASPIRING COMMUNITIES TOGETHER LIMITED

TRUSTEES' ANNUAL REPORT

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2023

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 2023

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 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 Rafat Saleh Awad Gobran Said Ali - appointed Sep-22 Ahd Saeed - resigned Jun-23 Kassim Kassim - resigned Aug-22 Naser Mohamed - resigned Jun-22 Key management personnel A Shaif Chief Executive Officer A Mohamad Centre Manager M Taha Internal Compliance and Governance S Saleh Team Leader, Adult Learning C Brooks Training Manager

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ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

TRUSTEES' ANNUAL REPORT

31ST MARCH 2023

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 27th December 2023 and signed on its behalf by

…………………………………………… Awad Gobran Trustee

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ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2023

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 2023 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 Enterprise House Broadfield Court Sheffield S8 0XF

Dated : 28th December 2023

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ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES AND

INCOME AND EXPENDITURE ACCOUNT

Unrestricted Restricted Total Total
funds funds funds funds
Notes 2023 2023 2023 2022
£ £ £ £
Income from:
Charitable activities 2 152,890 145,812 298,702 542,873
Donations and similar income 650 - 650 1,460
Investment income:
Interest receivable 305 - 305 12
Other trading activities:
Commercial trading operations 3 60,823 - 60,823 50,723
Other 604 - 604 6,312
Other income:
Coronavirus Job Retention Scheme - - - 47,752
_ _ _ _
Total income 215,272 145,812 361,084 649,132
_ _ _ _
Expenditure on:
Raising funds:
Commercial trading operations 3 76,929 - 76,929 74,934
Charitable activities 4 156,860 163,438 320,298 377,819
_ _ _ _
Total expenditure 233,789 163,438 397,227 452,753
_ _ _ _
Net (expenditure)/income for the year 5 (18,517) (17,626) (36,143) 196,379
Transfer between funds 11 5,924 (5,924) - -
_ _ _ ______
Net movement in funds (12,593) (23,550) (36,143) 196,379
Total funds brought forward 476,520 502,530 979,050 782,671
_ _ _ _
Total funds carried forward £463,927 £478,980 £942,907 £979,050
_
_		 _
_		 _
_		 _
_

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

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ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2023

CONSOLIDATED AND CHARITY BALANCE SHEETS

Group Group Charity Charity
2023 2022 2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 8 503,200 530,153 499,198 525,272
_ _ _ _
Current assets
Stock 390 290 - -
Debtors 9 160,118 137,742 156,373 131,925
Cash at bank and on hand 310,050 333,734 309,775 333,684
_ _ _ _
470,558 471,766 466,148 465,609
Creditors - amounts falling due within
one year 10 30,851 22,869 16,146 15,644
_ _ _ _
Net current assets 439,707 448,897 450,002 449,965
_ _ _ _
Net assets £942,907 £979,050 £949,200 £975,237
_ _ _ _
_ _ _ _
Income funds
Unrestricted funds
General funds 11 438,747 447,937 445,040 444,124
Designated funds 11 25,180 28,583 25,180 28,583
_ _ _ _
463,927 476,520 470,220 472,707
Restricted funds 11 478,980 502,530 478,980 502,530
_ _ _ _
Total funds 12 £942,907 £979,050 £949,200 £975,237
_
_		 _
_		 _
_		 _
_

For the year ending 31st March 2023 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 27th December 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 2023

STATEMENT OF CASH FLOWS AND CONSOLIDATED CASH FLOWS

Group Group Charity Charity
2023 2022 2023 2022
Notes £ £ £ £
Cash flows from operating activities:
Net cash provided by operating
activities 14 (23,540) 128,798 (23,765) 124,438
______ _ ______ _
Cash flows from investing activities:
Interest received 305 12 305 12
Purchase of tangible fixed assets (449) (5,440) (449) (1,080)
___ _____ ___ _____
Net cash used in investing activities (144) (5,428) (144) (1,068)
___ _____ ___ _____
Change in cash and cash equivalents
in the year (23,684) 123,370 (23,909) 123,370
Cash and cash equivalents at the
beginning of the year 333,734 210,364 333,684 210,314
_ _ _ _
Cash and cash equivalents at the end
of the year £310,050 £333,734 £309,775 £333,684
_ _ _ _
_ _ _ _
Cash and cash equivalents consists of:
Cash in hand 515 1,563 240 1,513
Bank balances 309,535 332,171 309,535 332,171
_ _ _ _
Total cash and cash equivalents £310,050 £333,734 £309,775 £333,684
_
_		 _
_		 _
_		 _
_

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ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2023

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.

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ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2023

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:-

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ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

NOTES TO THE FINANCIAL STATEMENTS

31ST MARCH 2023

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:
2023 2022
£ £
Income from:
Charitable activities 292,702 534,873
Other donations and similar income 650 1,460
Interest receivable 305 12
Other trading activities 604 6,312
Coronavirus Job Retention Scheme - 23,343
_ _
294,261 566,000
_ _
Expenditure on:
Charitable activities 320,298 377,819
_ _
Net (expenditure)/income (26,037) 188,181
Total funds brought forward 975,237 787,056
_ _
Total funds carried forward £949,200 £975,237
_ _
_ _
Represented by:
Unrestricted income funds 470,220 472,707
Restricted income funds 478,980 502,530
_ _
Total funds carried forward £949,200 £975,237
_
_		 _
_

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ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2023

NOTES TO THE FINANCIAL STATEMENTS

Unrestricted Restricted Total Total
funds funds funds funds
2023 2023 2023 2022
£ £ £ £
2 Income from charitable activities:
Adult Learning:
Adult and Community Learning Service 87,309 - 87,309 87,408
Inclusion:
Sheffield Inclusion Centre - - - 664
SOAR:
Health Champions - - - 7,815
Early Years - 10,140 10,140 2,325
Community Youth Hub - 17,734 17,734 -
Let's Build Health - - - 1,500
Dementia - - - 1,500
Elder's Project:
Muslim Elders Support Project - - - 10,000
Social café - 7,045 7,045 5,636
Covid support:
Sheffield City Council - - - 9,300
Other:
Arabic School Student Fees 19,865 - 19,865 17,830
Building Better Lives - 10,000 10,000 -
Children In Need - - - 44,307
ESF - Ambitions Programme - - - 29,170
Kickstart Programme - - - 70,695
NHS Sheffield - CCG 22,800 - 22,800 31,000
SACHMA - Mental Health 5,000 - 5,000 10,000
Save The Children - 30,000 30,000 -
Sheffield City Council:
HAF Programme - 12,900 12,900 22,612
Community Champions - 5,000 5,000 21,500
Multiply Project - 29,600 29,600 -
Youth Grant - 15,318 15,318 -
Positive Change 11,916 - 11,916 -
Cost of Living Funds - 500 500 -
Transitional Grant - - - 28,500
Other Grants - - - 24,400
Sheffield College - - - 64,914
South Yorkshire Community Foundation - - - 9,568
Voice 4 Change - - - 5,478
Voluntary Action Sheffield
Move More - - - 3,000
Community Champions - 10,000 10,000 -
Winter Pressure Grant - - - 14,514
Yorkshire Sport Foundation - (2,425) (2,425) 4,850
Other - - - 6,387
Subsidiary company grants 6,000 - 6,000 8,000
_ _ _ _
£152,890 £145,812 £298,702 £542,873
_
_		 _
_		 _
_		 _
_

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ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2023

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 2023 is shown below:

below:
2023 2022
£ £
Gym fees and café income 60,823 50,723
Revenue grants receivable 6,000 8,000
Coronavirus Job Retention Scheme - 24,409
Cost of sales and overhead expenditure (76,929) (74,934)
______ ______
Net (loss)/profit (10,106) 8,198
Corporation tax - -
______ _____
Retained in the subsidiary £(10,106) £8,198
______ _____
______ _____
The assets and liabilities of the subsidiary were:
Fixed assets 4,002 4,881
Current assets 38,718 7,211
Current liabilities (49,013) (8,279)
______ _____
Total net (liabilities)/assets £(6,293) £3,813
______ _____
______ _____
Aggregate reserves £(6,293) £3,813
__
____		 _
___

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ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2023

NOTES TO THE FINANCIAL STATEMENTS

2023 2022
£ £
4 Expenditure on charitable activities:
Direct costs:
Staffing 182,769 251,989
Staff training 698 -
Volunteers 26,320 23,470
Educational resources 4,108 -
Hadfield service level agreement 18,385 -
Catering and activities 17,287 20,981
Premises costs 5,987 11,699
Office costs 12,038 10,746
Insurances 2,993 3,107
Grant repayable - 16,856
Travel 8,503 2,810
Professional fees 5,397 2,295
Bank charges and interest 23 342
Other costs 6,477 4,032
Depreciation 26,523 26,792
Governance:
Accountancy 2,790 2,700
_ _
Total expenditure £320,298 £377,819
_ _
_ _
5 Net (expenditure)/income for the year
This is stated after charging:
Accountant's remuneration - accounts preparation and examination 2,790 2,700
- subsidiary accounts preparation 1,016 914
Depreciation 27,402 27,803
__
____		 __
____

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ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2023

NOTES TO THE FINANCIAL STATEMENTS

2023 2022
£ £
6 Analysis of group staff costs, trustee remuneration and expenses, and
the cost of key management personnel
Salaries and wages 207,401 278,640
Employer's national insurance 5,969 9,018
Employer pension contributions 271 953
_ _
£213,641 £288,611
_
_		 _
_

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 (2022 - £nil).

The key management personnel of the charity and group comprise the trustees, the Chief Executive, the Centre Manager, Finance Officer and the Team Leader for Adult Learning. The total employee benefits of the key management personnel were £102,956 (2022 - £111,282).

2023 2022
number number
The monthly average number of group employees, including casual and
part time staff, was: 19 25
___ ___

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 2022 77,678 676,097 133,823 887,598
Additions - - 449 449
______ _ _ _
As at 31st March 2023 77,678 676,097 134,272 888,047
______ _ _ _
Depreciation
As at 1st April 2022 - 232,501 124,944 357,445
Charge for year - 24,643 2,759 27,402
___ _ _ _
As at 31st March 2023 - 257,144 127,703 384,847
___ _ _ _
Net book value
As at 31st March 2023 £77,678 £418,953 £6,569 £503,200
__
____		 _
_		 _
___		 _
_

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ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2023

NOTES TO THE FINANCIAL STATEMENTS

8 Tangible assets b Charity

Leasehold Plant
Land and property and Total
buildings Improvements machinery
£ £ £ £
Cost
As at 1st April 2022 77,678 676,097 125,139 878,914
Additions - - 449 449
______ _ _ _
As at 31st March 2023 77,678 676,097 125,588 879,363
______ _ _ _
Depreciation
As at 1st April 2022 - 232,501 121,141 353,642
Charge for year - 24,643 1,880 26,523
___ _ _ _
As at 31st March 2023 - 257,144 123,021 380,165
___ _ _ _
Net book value
As at 31st March 2023 £77,678 £418,953 £2,567 £499,198
______ _ _____ _
______ _ _____ _
Group Group Charity Charity
2023 2022 2023 2022
£ £ £ £
9 Debtors
Grants in arrears 85,782 99,861 85,782 99,861
Trade debtors 37,963 5,817 - -
Amounts due from trading subsidiary - - 34,308 -
Other taxation and social security 800 - 800 -
Other debtors and prepayments 35,573 32,064 35,483 32,064
_ _ _ _
£160,118 £137,742 £156,373 £131,925
_ _ _ _
_ _ _ _
10 Creditors - amounts falling due within
one year
Trade creditors 14,425 7,920 12,794 6,253
Other taxation and social security 12,174 11,424 - 5,637
Amounts due to trading subsidiary - - - 1,054
Other creditors and accruals 4,252 3,525 3,352 2,700
______ ______ ______ ______
£30,851 £22,869 £16,146 £15,644
__
____		 __
____		 __
____		 __
____

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ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2023

NOTES TO THE FINANCIAL STATEMENTS

Balance at Movement in resources Movement in resources Transfers Balance at
1st April Incoming Outgoing 31st March
2022 2023
£ £ £ £ £
11 Movement in group funds
a Current year
Unrestricted funds:
General funds 447,937 215,272 (229,937) 5,475 438,747
Designated funds:
Capital assets 28,583 - (3,852) 449 25,180
_ _ _ _____ _
476,520 215,272 (233,789) 5,924 463,927
_ _ _ _____ _
Restricted funds:
Capital assets 501,570 - (23,550) - 478,020
SOAR - 27,874 (22,790) (5,084) -
Elder's Project - 7,045 (7,045) - -
Children In Need - - - - -
Other 960 110,893 (110,053) (840) 960
_ _ _ _____ _
502,530 145,812 (163,438) (5,924) 478,980
_ _ _ _____ _
Total funds £979,050 £361,084 £(397,227) £- £942,907
_
_		 _
_		 _
_
_
_

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 2023.

The transfers relate to management fees applicable to some restricted grants.

Page 18

ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2023

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
b Prior year comparison
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
_
_		 _
_		 _
_
_
_

12 Analysis of group net assets between funds a Fund balances at 31st March 2023 are represented by:

Restricted General Designated Total
funds funds funds funds
£ £ £ £
Tangible fixed assets 478,020 - 25,180 503,200
Net current assets 960 438,747 - 439,707
_ _ ______ _
Net assets £478,980 £438,747 £25,180 £942,907
_ _ ______ _
_ _ ______ _
b Prior year comparison
Fund balances at 31st March 2022 were represented by:
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
_
_		 _
_		 __
____		 _
_

Page 19

ASPIRING COMMUNITIES TOGETHER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2023

NOTES TO THE FINANCIAL STATEMENTS

13 Prior year comparatives

A detailed breakdown of the 2022 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
2022
£ £ £
Income from:
Charitable activities 295,884 246,989 542,873
Donations and similar income 1,460 - 1,460
Interest receivable 12 - 12
Other trading activities:
Commercial trading operations 50,723 - 50,723
Other 6,312 - 6,312
Other income:
Coronavirus Job Retention Scheme 47,752 - 47,752
_ _ _
Total income 402,143 246,989 649,132
_ _ _
Expenditure on:
Raising funds:
Commercial trading operations 74,934 - 74,934
Charitable activities 117,344 260,475 377,819
_ _ _
Total expenditure 192,278 260,475 452,753
_ _ _
Net income/(expenditure) for the year 209,865 (13,486) 196,379
Transfer between funds 13,126 (13,126) -
_ _ _
Net movement in funds £222,991 £(26,612) £196,379
_
_		 _
_		 _
_
Group Group Charity Charity
2023 2022 2023 2022
£ £ £ £
14 Reconciliation of net expenditure to net cash
flow from operating activities:
Net income for the year (36,143) 196,379 (26,037) 188,181
Adjustments for:
Depreciation charges 27,402 27,803 26,523 26,792
Interest receivable (305) (12) (305) (12)
(Increase)/decrease in stock (100) 210 - -
Increase in debtors (22,376) (103,765) (24,448) (96,170)
Decrease in creditors 7,982 8,183 502 5,647
______ _ ______ _
Net cash provided by operating activities £(23,540) £128,798 £(23,765) £124,438
__
____		 _
_		 __
____		 _
_

Page 20