ASPIRING COMMUNITIES TOGETHER
(PREVIOUSLY ASPIRING COMMUNITIES TOGETHER LIMITED)
REGISTERED CHARITY NUMBER 1104200
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2024
TINGLE ASHMORE LTD
CHARTERED ACCOUNTANTS SHEFFIELD
ASPIRING COMMUNITIES TOGETHER
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2024
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
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2024
TRUSTEES' ANNUAL REPORT
The trustees present their annual report and the unaudited financial statements of the charity for the year ended 31st March 2024.
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:
-
To provide and promote the provision of facilities in the interests of social and economic welfare for recreation and leisure-time occupation;
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To advance knowledge, understanding and appreciation of local culture;
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To promote such other charitable objects as are for the benefit of the said local community
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.
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ASPIRING COMMUNITIES TOGETHER
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2024
TRUSTEES' ANNUAL REPORT
ACT review of activities
Aspiring Communities Together, is at the heart of the communities it works with. There has a been shift in the partnership work between Sheffield City Council and work with NHS. It has been a long-time coming that both of these large institutions have begun to develop better working relationships and partnership work with ACT. Taking into account the research studies and development work focusing on Health & Nutrition and not just Adult Learning.
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 thrives with the work it focuses on in the delivery 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, advocacy support. In addition to this we have the Multiply Skills courses, supporting numeracy and literacy.
The new addition we have had has included the Health Officer, who is focusing on staff and volunteers wellbeing and how we can adapt our services to support internal wellbeing. Staff and volunteers with the Self Reflection grant and the NHS Support have been able to access resources they may not have accessed. We can see there is an improvement in staff and volunteer moral and well – being.
Youth Work – that has been supported through the Youth Fund from Sheffield City Council and other stream of small funding to support young people, without this funding we would not have been able to tackle or support many of young people who are at risk in 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.
ACT will continue to work closely within the community and ensure it continues to be community and service led provisions.
Financial Review
The charity's total income increased by around £200k, to £561k, mainly due to additional grant funding from NHS Sheffield CCG. Income from the café and gym was nearly £10k lower, at £51k. Total expenditure was around £92k higher than last year, at £489k, with the majority relating to staff costs.
There was net income of £72k for the year which comprises a surplus on unrestricted funds of £96k and a reduction in the restricted income fund balances of £24k.
Net assets of the group increased to £1,015k of which £455k are restricted and £560k unrestricted funds. Reserves at 31st March 2024 amounted to £537k.
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ASPIRING COMMUNITIES TOGETHER
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2024
TRUSTEES' ANNUAL REPORT
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:-
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Protect the three core project areas
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Provide for building maintenance as buildings are key to the charity's provision of services
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Provide for possible redundancy payments
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Provide for the risks associated with contractually based income
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
The entity is a Charitable Incorporated Organisation (CIO) having converted from a company limited by guarantee on 13th September 2024. The entity is registered with the Charity Commission, charity number 1104200.
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”.
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ASPIRING COMMUNITIES TOGETHER
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2024
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 | |
|---|---|---|
| Name and registered office | Aspiring Communities Together | |
| 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 | ||
| 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 | |
| B Mansour | Finance Officer | |
| S Saleh | Team Leader, Adult Learning | |
| C Brooks | Training Manager | |
| N Yahya | Development Manager |
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ASPIRING COMMUNITIES TOGETHER
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2024
TRUSTEES' ANNUAL REPORT
Trustees' responsibilities
The trustees 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).
The law applicable to charities in England & Wales 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 of the charity for that period. In preparing these financial statements, the trustees are required to:
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●select suitable accounting policies and then apply them consistently;
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●observe the methods and principles in the Charities SORP 2015 (FRS 102);
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●make judgments and estimates that are reasonable and prudent;
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●state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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●prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper 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 Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.
The report of the trustees was approved by the board on 25th March 2025 and signed on its behalf by
………………………………………… Awad Gobran Trustee
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ASPIRING COMMUNITIES TOGETHER
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
ASPIRING COMMUNITIES TOGETHER
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31st March 2024 which are set out on pages 7 to 20.
Responsibilities and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 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 material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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 : 25th March 2025
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ASPIRING COMMUNITIES TOGETHER
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES AND
INCOME AND EXPENDITURE ACCOUNT
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| Notes | 2024 | 2024 | 2024 | 2023 | |
| £ | £ | £ | £ | ||
| Income from: | |||||
| Charitable activities | 2 | 331,798 | 167,825 | 499,623 | 298,702 |
| Donations and similar income | 1,044 | - | 1,044 | 650 | |
| Investment income: | |||||
| Interest receivable | 2,052 | - | 2,052 | 305 | |
| Other trading activities: | |||||
| Commercial trading operations | 3 | 51,454 | - | 51,454 | 60,823 |
| Other | 6,754 | - | 6,754 | 604 | |
| _ | _ | _ | _ | ||
| Total income | 393,102 | 167,825 | 560,927 | 361,084 | |
| _ | _ | _ | _ | ||
| Expenditure on: | |||||
| Raising funds: | |||||
| Commercial trading operations | 3 | 70,013 | - | 70,013 | 76,929 |
| Charitable activities | 4 | 227,099 | 191,659 | 418,758 | 320,298 |
| _ | _ | _ | _ | ||
| Total expenditure | 297,112 | 191,659 | 488,771 | 397,227 | |
| _ | _ | _ | _ | ||
| Net income/(expenditure) | |||||
| for the year | 5 | 95,990 | (23,834) | 72,156 | (36,143) |
| Transfer between funds | 11 | - | - | - | - |
| _ | _ | _ | ______ | ||
| Net movement in funds | 95,990 | (23,834) | 72,156 | (36,143) | |
| Total funds brought forward | 463,927 | 478,980 | 942,907 | 979,050 | |
| _ | _ | __ | _ | ||
| Total funds carried forward | £559,917 | £455,146 | £1,015,063 | £942,907 | |
| _ _ |
_ _ |
_ _ |
_ _ |
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
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2024
CONSOLIDATED AND CHARITY BALANCE SHEETS
| Group | Group | Charity | Charity | ||
|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 8 | 478,430 | 503,200 | 475,150 | 499,198 |
| _ | _ | _ | _ | ||
| Current assets | |||||
| Stock | 596 | 390 | - | - | |
| Debtors | 9 | 84,793 | 160,118 | 90,940 | 156,373 |
| Cash at bank and on hand | 546,987 | 310,050 | 546,812 | 309,775 | |
| _ | _ | _ | _ | ||
| 632,376 | 470,558 | 637,752 | 466,148 | ||
| Creditors - amounts falling due within | |||||
| one year | 10 | 95,743 | 30,851 | 72,987 | 16,146 |
| _ | _ | _ | _ | ||
| Net current assets | 536,633 | 439,707 | 564,765 | 450,002 | |
| __ | _ | __ | _ | ||
| Net assets | £1,015,063 | £942,907 | £1,039,915 | £949,200 | |
| __ | _ | __ | _ | ||
| __ | _ | __ | _ | ||
| Income funds | |||||
| Unrestricted funds | |||||
| General funds | 11 | 536,633 | 438,747 | 561,485 | 445,040 |
| Designated funds | 11 | 23,284 | 25,180 | 23,284 | 25,180 |
| _ | _ | _ | _ | ||
| 559,917 | 463,927 | 584,769 | 470,220 | ||
| Restricted funds | 11 | 455,146 | 478,980 | 455,146 | 478,980 |
| __ | _ | __ | _ | ||
| Total funds | 12 | £1,015,063 | £942,907 | £1,039,915 | £949,200 |
| _ _ |
_ _ |
_ _ |
_ _ |
These financial statements were approved and authorised for issue by the Board on 25th March 2025 and signed on their behalf by
………………………………. ………………………………. Awad Gobran - Trustee Said Ali - Trustee
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ASPIRING COMMUNITIES TOGETHER
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2024
STATEMENT OF CASH FLOWS AND CONSOLIDATED CASH FLOWS
| Group | Group | Charity | Charity | ||
|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||
| Notes | £ | £ | £ | £ | |
| Cash flows from operating activities: | |||||
| Net cash provided by operating | |||||
| activities | 14 | 237,315 | (23,540) | 237,415 | (23,765) |
| _ | ______ | _ | ______ | ||
| Cash flows from investing activities: | |||||
| Interest received | 2,052 | 305 | 2,052 | 305 | |
| Purchase of tangible fixed assets | (2,430) | (449) | (2,430) | (449) | |
| _____ | ___ | _____ | ___ | ||
| Net cash used in investing activities | (378) | (144) | (378) | (144) | |
| _____ | ___ | _____ | ___ | ||
| Change in cash and cash equivalents | |||||
| in the year | 236,937 | (23,684) | 237,037 | (23,909) | |
| Cash and cash equivalents at the | |||||
| beginning of the year | 310,050 | 333,734 | 309,775 | 333,684 | |
| _ | _ | _ | _ | ||
| Cash and cash equivalents at the end | |||||
| of the year | £546,987 | £310,050 | £546,812 | £309,775 | |
| _ | _ | _ | _ | ||
| _ | _ | _ | _ | ||
| Cash and cash equivalents consists of: | |||||
| Cash in hand | 421 | 515 | 246 | 240 | |
| Bank balances | 546,566 | 309,535 | 546,566 | 309,535 | |
| _ | _ | _ | _ | ||
| Total cash and cash equivalents | £546,987 | £310,050 | £546,812 | £309,775 | |
| _ _ |
_ _ |
_ _ |
_ _ |
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ASPIRING COMMUNITIES TOGETHER
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2024
PRINCIPAL ACCOUNTING POLICIES
Aspiring Communities Together is a Charitable Incorporated Organisation registered in England and Wales. 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, 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:
-
●The donor specifies that the grant or donation must only be used in future accounting periods; or
-
●The donor has imposed conditions which must be met before the charity has unconditional entitlement.
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.
-
●Costs of charitable activities comprise all costs incurred in the pursuit of charitable objects of the charity.
-
●Governance costs comprise all costs incurred in the governance of the charity.
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
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2024
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:-
-
●General funds, which comprise those unrestricted funds which the trustees are free to use for any furtherance of the charitable objects.
-
●Designated funds, which are those unrestricted funds that are not free funds in that they represent the net book value of capital assets attributable to the charity's own reserves or are unrestricted funds earmarked by the trustees for particular purposes.
-
●Restricted funds, which are funds which are used in accordance with the specific agreed restrictions imposed by the donor.
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ASPIRING COMMUNITIES TOGETHER
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2024
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:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Income from: | ||
| Charitable activities | 499,623 | 292,702 |
| Other donations and similar income | 1,044 | 650 |
| Interest receivable | 2,052 | 305 |
| Other trading activities | 6,754 | 604 |
| _ | _ | |
| 509,473 | 294,261 | |
| _ | _ | |
| Expenditure on: | ||
| Charitable activities | 418,758 | 320,298 |
| _ | _ | |
| Net income/(expenditure) | 90,715 | (26,037) |
| Total funds brought forward | 949,200 | 975,237 |
| __ | _ | |
| Total funds carried forward | £1,039,915 | £949,200 |
| __ | _ | |
| __ | _ | |
| Represented by: | ||
| Unrestricted income funds | 584,769 | 470,220 |
| Restricted income funds | 455,146 | 478,980 |
| __ | _ | |
| Total funds carried forward | £1,039,915 | £949,200 |
| _ _ |
_ _ |
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ASPIRING COMMUNITIES TOGETHER
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2024
NOTES TO THE FINANCIAL STATEMENTS
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2024 | 2024 | 2024 | 2023 | ||
| £ | £ | £ | £ | ||
| 2 | Income from charitable activities: | ||||
| Adult Learning: | |||||
| Adult and Community Learning Service | 86,470 | - | 86,470 | 87,309 | |
| SOAR: | |||||
| Health Champions | - | 11,066 | 11,066 | - | |
| Early Years | - | 2,325 | 2,325 | 10,140 | |
| Community Youth Hub | - | - | - | 17,734 | |
| Let's Build Health | - | 1,500 | 1,500 | - | |
| Elder's Project: | |||||
| Social café | - | 9,164 | 9,164 | 7,045 | |
| Other: | |||||
| Arabic School Student Fees | 13,680 | - | 13,680 | 19,865 | |
| Building Better Lives | - | - | - | 10,000 | |
| Co-op Local Community Fund | 1,920 | - | 1,920 | - | |
| Enterprise Holding Founding Grant | 3,000 | - | 3,000 | - | |
| NHS Sheffield - CCG | 222,228 | - | 222,228 | 22,800 | |
| SACHMA - Mental Health | 4,500 | - | 4,500 | 5,000 | |
| Save The Children | - | 30,000 | 30,000 | 30,000 | |
| Sheffield City Council: | |||||
| HAF Programme | - | 8,646 | 8,646 | 12,900 | |
| Community Champions | - | 34,542 | 34,542 | 5,000 | |
| Multiply Project | - | 22,700 | 22,700 | 29,600 | |
| Youth Grant | - | 10,580 | 10,580 | 15,318 | |
| Positive Change | - | - | - | 11,916 | |
| Cost of Living Funds | - | - | - | 500 | |
| Other Grants | - | 1,000 | 1,000 | - | |
| South Yorkshire Community Foundation | - | 19,302 | 19,302 | - | |
| Voluntary Action Sheffield | |||||
| Community Champions | - | 15,000 | 15,000 | 10,000 | |
| Other Grants | - | 2,000 | 2,000 | - | |
| Yorkshire Sport Foundation | - | - | - | (2,425) | |
| Subsidiary company grants | - | - | - | 6,000 | |
| _ | _ | _ | _ | ||
| £331,798 | £167,825 | £499,623 | £298,702 | ||
| _ _ |
_ _ |
_ _ |
_ _ |
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ASPIRING COMMUNITIES TOGETHER
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2024
NOTES TO THE FINANCIAL STATEMENTS
- 3 Income earned from commercial trading operations
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 2024 is shown below:
| below: | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Gym fees and café income | 51,454 | 60,823 |
| Revenue grants receivable | - | 6,000 |
| Cost of sales and overhead expenditure | (70,013) | (76,929) |
| ______ | ______ | |
| Net loss | (18,559) | (10,106) |
| Corporation tax | - | - |
| ______ | _____ | |
| Retained in the subsidiary | £(18,559) | £(10,106) |
| ______ | _____ | |
| ______ | _____ | |
| The assets and liabilities of the subsidiary were: | ||
| Fixed assets | 3,280 | 4,002 |
| Current assets | 27,101 | 38,718 |
| Current liabilities | (55,233) | (49,013) |
| ______ | _____ | |
| Total net liabilities | £(24,852) | £(6,293) |
| ______ | _____ | |
| ______ | _____ | |
| Aggregate reserves | £(24,852) | £(6,293) |
| __ ____ |
_ ___ |
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ASPIRING COMMUNITIES TOGETHER
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2024
NOTES TO THE FINANCIAL STATEMENTS
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| 4 | Expenditure on charitable activities: | ||
| Direct costs: | |||
| Staffing | 236,896 | 182,769 | |
| Staff training | 7,310 | 698 | |
| Volunteers | 30,130 | 26,320 | |
| Educational resources | 1,859 | 4,108 | |
| Hadfield service level agreement | 25,515 | 18,385 | |
| Catering and activities | 21,293 | 17,287 | |
| Health workshops | 10,017 | - | |
| Premises costs | 10,174 | 5,987 | |
| Office costs | 16,244 | 12,038 | |
| Insurances | 1,677 | 2,993 | |
| Travel | 2,491 | 8,503 | |
| Professional fees | 19,215 | 5,397 | |
| Bank charges and interest | - | 23 | |
| Other costs | 6,579 | 6,477 | |
| Depreciation | 26,478 | 26,523 | |
| Governance: | |||
| Accountancy | 2,880 | 2,790 | |
| _ | _ | ||
| Total expenditure | £418,758 | £320,298 | |
| _ _ |
_ _ |
| 5 | Net income/(expenditure) for | the year | ||
|---|---|---|---|---|
| This is stated after charging: | ||||
| Accountant's remuneration | - accounts preparation and examination | 2,880 | 2,790 | |
| - subsidiary accounts preparation | 993 | 1,016 | ||
| Depreciation | 27,200 | 27,402 | ||
| __ ____ |
__ ____ |
Page 15
ASPIRING COMMUNITIES TOGETHER
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2024
NOTES TO THE FINANCIAL STATEMENTS
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| 6 | Analysis of group staff costs, trustee remuneration and expenses, and | ||
| the cost of key management personnel | |||
| Salaries and wages | 226,561 | 207,401 | |
| Employer's national insurance | 6,433 | 5,969 | |
| Employer pension contributions | 382 | 271 | |
| _ | _ | ||
| £233,376 | £213,641 | ||
| _ _ |
_ _ |
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 (2023 - £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 £103,864 (2023 - £102,956).
| 2024 | 2023 | |
|---|---|---|
| number | number | |
| The monthly average number of group employees, including casual and | ||
| part time staff, was: | 20 | 19 |
| ___ | ___ |
- 7 Related party transactions
There were no related party transactions requiring disclosure in either year.
| 8 | Tangible assets | |||||
|---|---|---|---|---|---|---|
| a | Group | |||||
| Leasehold | Plant | |||||
| Land and | property | and | Total | |||
| buildings | Improvements | machinery | ||||
| £ | £ | £ | £ | |||
| Cost | ||||||
| As at 1st April 2023 | 77,678 | 676,097 | 134,272 | 888,047 | ||
| Additions | - | - | 2,430 | 2,430 | ||
| ______ | _ | _ | _ | |||
| As at 31st March 2024 | 77,678 | 676,097 | 136,702 | 890,477 | ||
| ______ | _ | _ | _ | |||
| Depreciation | ||||||
| As at 1st April 2023 | - | 257,144 | 127,703 | 384,847 | ||
| Charge for year | - | 24,643 | 2,557 | 27,200 | ||
| ___ | _ | _ | _ | |||
| As at 31st March 2024 | - | 281,787 | 130,260 | 412,047 | ||
| ___ | _ | _ | _ | |||
| Net book value | ||||||
| As at 31st March 2024 | £77,678 | £394,310 | £6,442 | £478,430 | ||
| __ ____ |
_ _ |
_ ___ |
_ _ |
Page 16
ASPIRING COMMUNITIES TOGETHER
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2024
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 2023 | 77,678 | 676,097 | 125,588 | 879,363 | ||
| Additions | - | - | 2,430 | 2,430 | ||
| ______ | _ | _ | _ | |||
| As at 31st March 2024 | 77,678 | 676,097 | 128,018 | 881,793 | ||
| ______ | _ | _ | _ | |||
| Depreciation | ||||||
| As at 1st April 2023 | - | 257,144 | 123,021 | 380,165 | ||
| Charge for year | - | 24,643 | 1,835 | 26,478 | ||
| ___ | _ | _ | _ | |||
| As at 31st March 2024 | - | 281,787 | 124,856 | 406,643 | ||
| ___ | _ | _ | _ | |||
| Net book value | ||||||
| As at 31st March 2024 | £77,678 | £394,310 | £3,162 | £475,150 | ||
| ______ | _ | _____ | _ | |||
| ______ | _ | _____ | _ | |||
| Group | Group | Charity | Charity | |||
| 2024 | 2023 | 2024 | 2023 | |||
| £ | £ | £ | £ | |||
| 9 | Debtors | |||||
| Grants in arrears | 39,177 | 85,782 | 39,177 | 85,782 | ||
| Trade debtors | 26,330 | 37,963 | - | - | ||
| Amounts due from trading subsidiary | - | - | 32,477 | 34,308 | ||
| Other taxation and social security | - | 800 | - | 800 | ||
| Other debtors and prepayments | 19,286 | 35,573 | 19,286 | 35,483 | ||
| ______ | _ | ______ | _ | |||
| £84,793 | £160,118 | £90,940 | £156,373 | |||
| ______ | _ | ______ | _ | |||
| ______ | _ | ______ | _ | |||
| 10 | Creditors - amounts falling due within | |||||
| one year | ||||||
| Trade creditors | 30,637 | 14,425 | 30,490 | 12,794 | ||
| Other taxation and social security | 29,930 | 12,174 | 8,246 | - | ||
| Other creditors and accruals | 4,026 | 4,252 | 3,101 | 3,352 | ||
| Deferred income | 31,150 | - | 31,150 | - | ||
| ______ | ______ | ______ | ______ | |||
| £95,743 | £30,851 | £72,987 | £16,146 | |||
| __ ____ |
__ ____ |
__ ____ |
__ ____ |
Deferred income relates to income invoiced in advance of the performance of the relevant activity.
Page 17
ASPIRING COMMUNITIES TOGETHER
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2024
NOTES TO THE FINANCIAL STATEMENTS
| Balance at | Movement in resources | Movement in resources | Transfers | Balance at | |||
|---|---|---|---|---|---|---|---|
| 1st April | Incoming | Outgoing | 31st March | ||||
| 2023 | 2024 | ||||||
| £ | £ | £ | £ | £ | |||
| 11 | Movement in group funds | ||||||
| a | Current year | ||||||
| Unrestricted funds: | |||||||
| General funds | 438,747 | 393,102 | (293,746) | (1,470) | 536,633 | ||
| Designated funds: | |||||||
| Capital assets | 25,180 | - | (3,366) | 1,470 | 23,284 | ||
| _ | _ | _ | _____ | _ | |||
| 463,927 | 393,102 | (297,112) | - | 559,917 | |||
| _ | _ | _ | _____ | _ | |||
| Restricted funds: | |||||||
| Capital assets | 478,020 | - | (23,834) | 960 | 455,146 | ||
| SOAR | - | 14,891 | (14,891) | - | - | ||
| Elder's Project | - | 9,164 | (9,164) | - | - | ||
| Other | 960 | 143,770 | (143,770) | (960) | - | ||
| _ | _ | _ | ___ | _ | |||
| 478,980 | 167,825 | (191,659) | - | 455,146 | |||
| _ | _ | _ | ___ | _ | |||
| Total funds | £942,907 | £560,927 | £(488,771) | £- | £1,015,063 | ||
| _ _ |
_ _ |
_ _ |
_ _ |
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 2024.
The transfers relate to additions to fixed assets.
Page 18
ASPIRING COMMUNITIES TOGETHER
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2024
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 | ||||||
| b | Prior year comparison | ||||||
| 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 | ||
| _ | _ | _ | ___ | _ | |||
| _ | _ | _ | ___ | _ | |||
| 12 | Analysis of group net assets between funds | ||||||
| a | Fund balances at 31st March 2024 are represented by: | ||||||
| Restricted | General | Designated | Total | ||||
| funds | funds | funds | funds | ||||
| £ | £ | £ | £ | ||||
| Tangible fixed assets | 455,146 | - | 23,284 | 478,430 | |||
| Net current assets | - | 536,633 | - | 536,633 | |||
| _ | _ | ______ | __ | ||||
| Net assets | £455,146 | £536,633 | £23,284 | £1,015,063 | |||
| _ | _ | ______ | __ | ||||
| _ | _ | ______ | __ | ||||
| b | Prior year comparison | ||||||
| Fund balances at 31st March 2023 were represented by: | |||||||
| 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 | |||
| _ _ |
_ _ |
__ ____ |
_ _ |
Page 19
ASPIRING COMMUNITIES TOGETHER
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2024
NOTES TO THE FINANCIAL STATEMENTS
13 Prior year comparatives
A detailed breakdown of the 2023 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 | |||
| 2023 | |||||
| £ | £ | £ | |||
| Income from: | |||||
| Charitable activities | 152,890 | 145,812 | 298,702 | ||
| Donations and similar income | 650 | - | 650 | ||
| Interest receivable | 305 | - | 305 | ||
| Other trading activities: | |||||
| Commercial trading operations | 60,823 | - | 60,823 | ||
| Other | 604 | - | 604 | ||
| _ | _ | _ | |||
| Total income | 215,272 | 145,812 | 361,084 | ||
| _ | _ | _ | |||
| Expenditure on: | |||||
| Raising funds: | |||||
| Commercial trading operations | 76,929 | - | 76,929 | ||
| Charitable activities | 156,860 | 163,438 | 320,298 | ||
| _ | _ | _ | |||
| Total expenditure | 233,789 | 163,438 | 397,227 | ||
| _ | _ | _ | |||
| Net income/(expenditure) for the year | (18,517) | (17,626) | (36,143) | ||
| Transfer between funds | 5,924 | (5,924) | - | ||
| ______ | ______ | ______ | |||
| Net movement in funds | £(12,593) | £(23,550) | £(36,143) | ||
| ______ | ______ | ______ | |||
| ______ | ______ | ______ | |||
| Group | Group | Charity | Charity | ||
| 2024 | 2023 | 2024 | 2023 | ||
| £ | £ | £ | £ | ||
| 14 | Reconciliation of net expenditure to net cash | ||||
| flow from operating activities: | |||||
| Net income for the year | 72,156 | (36,143) | 90,715 | (26,037) | |
| Adjustments for: | |||||
| Depreciation charges | 27,200 | 27,402 | 26,478 | 26,523 | |
| Interest receivable | (2,052) | (305) | (2,052) | (305) | |
| Increase in stock | (206) | (100) | - | - | |
| Decrease/(increase) in debtors | 75,325 | (22,376) | 65,433 | (24,448) | |
| Increase in creditors | 64,892 | 7,982 | 56,841 | 502 | |
| _ | ______ | _ | ______ | ||
| Net cash provided by operating activities | £237,315 | £(23,540) | £237,415 | £(23,765) | |
| _ _ |
__ ____ |
_ _ |
__ ____ |
Page 20