ASPIRING COMMUNITIES TOGETHER REGISTERED CHARITY NUMBER 1104200 UNAUDITED FIK4N IAL STATEMEKfs FOR TH 31ST P4iARCH 2025 TINGLE ASHMORE LTD RTERED A COUNTANT SHEFFIELD ASPIRING COMMUNITIES TOGEfHER UNAUDrrED FINANCIAL STATEMENTS F THE YEAR ENDED 31ST hi4RCH 2025 INDEX Page Trustees, annual report 14 Independent ex8minerfs report Consolidated statement of financial acti¥ryties and intx*ne arKI 9XPondi￿re account Consdidated and charty balance sheets ststemont of cash Ikmts and consd*Jated cash11 10 Principal aecountin9 poI￿leS 11-12 Notes to the finanual statements ASPIR5NG COMMUNITIES TOGEfHER uNAUD￿ED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST WRCH 2025 TRUSTEES. ANNUAL REPORT The tru8tee8 present thelr annu81 report and the unaudited financi￿ slatttne￿ of the charity forthe year erKled 31st March 2025. Objectives of the charlty The Charfy is established for the folh7wing objects (the Otyects) directed v#lK>Ny or mainty lo the benefft of the local communty in the Cty of Sheffidd.. To provide and promote the P￿￿On of facilities in the interests of scnal underachievement to the Black and Mirwrity Ethnic (BMEI cornmunty across Sheffield with a particular focus on depfwed neIgh￿U￿C￿dS of Fir Vale and Burngreave. Our wsion is an area y￿th reduced in8qualthes and improved access arKI opP￿t￿nty for the k¢al community. We achieve this by delNering inspiring and innovative Serw￿S in health. empl¢)yment, training, social and PhYs￿al actmties for adults and children. Complementing local. cty-wide and national strategies. ACT buikds on the slTengths of the Ictal community and lacilrtates this by widoning peoplo's horizon8 and ￿gagIng loca c(xnmunity in a jourrw of ch8nge. Aspiring Cornmunltl￿ Together Ltd- Impact Rgport Aspiring Communities Together Ltd {ACTI remains at the heart of the communitEs it Serves. Over the past year. there has been a Slgnrf￿Trt and positsve shrft in partnership working. particularty betsveen Sheffield Cty Council and the NHS. Thi% I0ng•anti￿Pated colk2boration ￿fi￿t3 a grov•ing recognition of ACT'S role, supported by research and devdopment work focusing not onty on Adult Leaming but aF50 on Health and Nthrition. With the support of the NHS Contr￿t, the CEO has been able to devek4) a swJnificantty str(￿ger and morg strategic partnership wth the NHS. This has led to key NHS staff and senior Wers building effective working relationships ￿th the GEO and his team. ensuring that resources and support are dire¢led to areas of greatest need, PattiC￿aty for BAMER communitie5. Furtherynore, the partnership has enabled the coordination and pk7cement of a dedicated Heamh Support Worker Mlhin ACT. w￿? has be￿ a valuable asset to the organisation, strengthening servu delNery and improving health oukomes. ASPIRING COMMUNITIES TOGEfHER UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 TRUSTEES. REPORT Asplrlng Communltlej Together Ltd- Impact R•port (continued The CEO has demonstrated strong leadership in influencing polw and advocating for change. This is reltected in the increased support and ￿$oUr￿$ secured, ensuring the sustainabilty and continued growth of the organisation. The Healthy Livtng Centre, Social Café and Gwn have been V￿Uab￿ a88ets to ACT, particularty in SUPFQrting BAMER communities. These initiatives have n(A onty prowded essenli* seryi¢es but have also t￿sted employment opportunities for indNiduals areas facng high levels of unemployment. Through partnership work with Sheffield College. there has be8n an increase in access and foottall wÉthin the café. further strengthenirvj its ro￿ as a communty hub. Although these serV￿S are not profft4riven. are delr4ered in a way thai ensures xcessibilty for all. ACT recognises ihat many indivrduals in the communty would not otherwise be able lo afford acce5S to such facilities. A8 a result, a "Pay What You Can" approach is implement&J. at the discretion of senior officers, to support the most vulnerable indNiduals and ensure no one is excluded due to financial hardship. A key arga of grcNAh has been the continuation and eXPar0￿ of the knguage provis￿n. This programme SUPF)Orts both parents and young people and is currently engaging approximalety 290 pupils. It plays a vital role in supporting BAMER communths by providing culbjralty re￿vant education. strengthening Community cohesion, and creating pathYays into employment through l¢xal recNitment. The prcgramme has also seen an incr&7se in volunteof Invol￿ent. particulaty SLPPOrting bcth the Arabic School and the Food Phamacy. The Arabic School continLtes lo thiive. delivering higwualty educational provision. The dedication of the Head Teacher and volunteers has been instrumental in sustaining this seNce. Wrthout this prowsion, many young people would be at increased risk of inthment in gang actmty and knife crtme. We extend our thanks to Save the Children for their continued $￿k￿)rt and funding, wthich has been crit￿1 in enabling this The F¢))d Pharmacy continuos lo play a crucial rde within the ctynmunty. with a Significant inereaso in families requiring additional fcod support due lo the ongoing c0st￿4￿1ng ¢risi5. ThroLÈ9h strong partnership working, the SefV￿ has expanded its r￿h. supporting individuals and famili8s experiencing financial hardshFp and food insecurty. This has also createxl further OPF#Jlunitres for volunlews to eontribLrte and $LlPPOrt delivery. The partnership with Citizens Advice Bureau (CAB} has enabl￿ ACT to secure a dedicated advisorwho delivers adwce services ￿ days per wEek within the organisatic￿. This provision is in high demand. refflecting growing need for support around issues such as debt. housing and financial hardship. While the service has been highty effective. demand continues to exceed current capacity. We are keen lo expand the provision" however, due lo funding constraints, we are cU￿enty unable to deliver the additional hours required. Adult Leaming remains in high dgmand, support￿ by strong p￿4ect man4emenl and leadership. Tutor5 and the proie¢t COO￿lnatOr delwer a wde range of eoutses while also providing MenIc￿ng arKI advocacy support beyond their core roles. The delr4ery of Mults'pty Skims COUTses has fvrther strengthened provisic￿ in numeracy and lrteracy. The introdudton ot a Heatth Offi¢er has been 8 posthe development, focusing on the wellbeing of staff and wjlunteers. Through the Self Refi&lion grant and NHS support. staff and volunteers have &cessed res￿r¢eS that hav• improved morale and oNw8N welbeing. P8ge 2 sp1F￿NG COMMUNITIES TOGETHER UNAUDITED FINANCL4L STATEMENTS FOR THE YEAR ENDED 31 ST WJICH 202 LREP Asplrlng Communlties Together Ltd- Impact Report (continu￿) Training for stsff and volunteers has signifi• increased. strengthening the organisalion's abilli y lo deliver safe and effective seNces. This ir￿lUdeS training in DesMJnaled SafeguardirMJ Lead (DSL) responsibilrbes, Safeguarding, Mental Hearth First AFd and First Ahl. These devthpments have enhanced staff and volunlger conliden¢e, improv&J awareness of risk and *￿IbeIng. and ensured that ACT is better equippgJ lo support Jlnerable individu81s and respond approprialety to safeguarding concerns. In addition. ACT has achieved the Matrix Standard Qualty Mafk, recognising the Organisat￿n'S high44ualty Information. advice and guidance seNces. This accrediLition r8ft8cts Acfs commitrment lo continuous improvement and excellence in SUPF4)rting iTrJNiduals to ￿esS opportunitses. develcp ski118 and improve their life outcomes. Youth prowsion continues to ba a vital part of ACTS V*r¥rk. HAF {Holbday A¢tMbes and Fc&>ai programmes delNered during half-tern and surnmer holKlays support yourwj people aged 8-16. providing structured actniities, heatthy meals and a safe environmenL These prcorammes are essential in supwbng young people, parti¢Ltlady those at risk, by offering posrfNe engagement CPpry￿nrtles and rgducing the rigk of involvement in crime or anMoek41 behaV￿)ur. Youth work more broadty, supported through the Yo(th Fund from Sheffield City Council and additional funding streams, continues to pro￿de critical support. Through the d￿l￿th"on of youth workers and voILfnteers, ACT has been able lo offer guidance. reaSsUra￿e and posiknve pathways, hdping to reduce Ihe iisks of young people becoming involved in gangs or clime. ACT Ltd WIN continue to work cbsely wrth rts communitie5. ensuring that aN services remain communty49d, responsive and sustainable. while continuing to adapt to emerging needs and challenges. Flnancial Revlew The charitys total incc4ne reduced by nearly £175k, lo £388k. mainty due to a fall in grant funding after ompleting the work wth NHS Sheffield CCG. Inc¢yne from the café and gym increased to £56k. Totsl expenditure was ￿nSIStent w¢th last year at r*arty £490k. wtth the maiortty relating lo staff costs. There wa5 net eypenditure for the year of £100k Wh￿ comprises a doficit on unrestricted fvrKls of £76k and a reduclion in the restrtcted income fijnd balwKes of £24k. Net assets of the group at 31st March 2025 were £915k of7*thich £431k are restrithd and £484k unrestricted funds. Free reseN8s at 31st March 2025 ¥Kre £463k. Investments The charity has no investrnents ¢)ther than current bank ac￿urts. The propety held is not investment Propety but is there to prov*Je suitabte facflrb8s to carry out the charitys actI￿lies. Incidental income is generated by the occasKinal rentsl of rooms and facilities. Page 3 ASPIRING COMMUNITIES TOGETHER UNAUDThED FINANCIAL STATEMENTS FOR THE YE4R ENDED 31ST ￿RCH 2025 S, ANNUAL RE Reserves pollcy The charty maintains a reserves polry to ensure financial stsbilty. witinuity of seMee$, and resilience against unfoTeseen circumstances. The polw is desvjned to support both ¢)perational needs and $liategic prTorities. The policy is to.. Protect tho three core project argas The charity's reserves are s1ructlFre￿ lo safeguard the defNery of ts three core project areas. This ensures that essentiai serv￿e5 can corbb.nue ¥￿￿£Xrt disrupb"on, even in the event of short4emi funding challenges or unexpected financial pressure8. Provide for bulldlng maintonanco AS the charitvs builjings aro integr8110 the delib*ry of its semces. reserves are allocated to cover ongoing maintenance, repairs. and ne¢￿Sary improvements. This ensures that facilities remaln safe, functional. and fft for purpose. supporting both service users and staff. This element of the reserves policy was updated on 31 De￿nber 2025 to rellect changes in the charity's $9Tr7ce delNery model and increased rellance on ts Ph￿￿1 spxes. Provkle for possible redundancy payments The Charity ￿ogniSeS its responsibilitEs as an emplry*W and Mant￿n$ reserves to meet potential dundancy liabilities. This ensures that any staffing changes can be managed in a fair, I￿rtU1, and financially responsib￿ manrEr. Provide for th? rfsks assoclated wlth Gontractualty b85¢d Incom• GNen that a S1gnff￿anI proportiTrn of the charivs income is derivtsy from contrxlual arrangements, reserves are held lo mitigate the risks of contract delays, reductions, or non-renewal. This albws the charity to manage cash fluctuattons and maintain seTbryce continuity during perThJs of un¢ertainty. A fvll version ofthe reser¥e$ polw is wa1[ab￿ from the offices ofthe ¢h8tity. ¢)n request Incomlng rosourcos Most inci)ming resourees are generated frcffl specth¢ grants given lo thg charityto suppty specffied servrces andlor specified outcom8$. Thi8 income is by definition restricted in nature. There are other minor grants and donations vthich are generally unrestiitsj in nature. Other SoUr￿S of income are from the Heahhy Livlng Centr8 and recharges for charty servus and room hire. This is classified as unrestricled. Governing docum•nt The enlily is a Charitable InCorp￿ted Organisation (CIO) having convert&J from a ccynpany Ivniled by guarantee on 13th September 2024. The entity is registered *ith the Chanty Commission, charty number 1104200. Organlsatlonal structure Overall strategic management of th8 organisation is und&taken by the trustees as a ￿Ole through their monthty meetings. The staff are accountable to the trustees through the Programme Director. who rw)rts to the Itustees at thes8 monthty M￿ting8. Day lo day management is undertaken by the Progwnme Director who is line managed by the Chair of the truslaes. who has delegated r6sponsibilty to d¢•1 ￿ urg￿1 issues between meetings on the basis of'ehairfs acthM°. Page 4 ASPIRING COMMUNITIES ToG￿HER UKAUDITED FIM4NCL4L TATEMENTS F R THE YEAR ENDED 31ST MARCH 2025 TRUSTEES, ANNUAL REPORT Truyteos. responsibilities The twslees are responsible ft)r prepariNJ the Tn*lee8' Annu81 Report arKI the financial statements in accordance with applicable law arKI UnFted Kingdom Accounting Standards {Unrted Kingdom Generally Accepted Accounting PrxtKel. The law applicable to charities in England & Wal8s requires the trustees to prepare financial statements for each financial year which gNe a true and fair of the stale of affairs of the chanty and of the incoming resources and application of resources of the chafrty for that peficMJ. In preparing these financial stalgmenls, the trustees are required lo". select suitable accounting p)licw and then appty them Consisten￿￿. observe the methods and principtes in the Charit￿$ SORP 2015 IFRS 102)., • make judgment$ and estimates that are reasonable and pn￿ent". slalg whether applicab￿ UK Ac￿Unting Standards have been folbyhed. subject to any materkql departures disclosed and explained in the financ5al statemonts: prepare the finaneial slatemenls on the wing con¢em basis unloss il 18 inapprcpriate to presume that the charty will continue in I)perat￿. The trustees are responsfole for keeping proper accounting records that disclose with reasonab￿ accuracy al ary time the financial p0S￿On of the charity and enable them lo ensure that the financial 5ts1ements compty with the Charitses Act 2011. the Charities (Accounts and Reports) Regulations 2008 and the prowsK)ns of the trust deed. They are also responsibte 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 vras apw¢)¥pd by the board on . 0910512026 and s*Jned on ts beh8if by ..Said Ali Trustee Page 6 ASPIRING COMMUNITIES TOGETHER UNAUDITED FI￿NCIAL STA TSF R THE YEAR ENDED 31 ST MARCH 2025 TRUSTEES, ANNUAL REPORT Trust•è rncrnitmont Trustees are recruited frLNn suitabty qualffj￿d or experienc•J ￿MberS of the local community. and replacement Iwstees are n(#ninated by member organisation$ and Stand for election * the AGM. The group so elected may then ccyl up to three addrtth￿ trustees. The trustees lo be as inclusive as possible and have used wtions this year to bring in new trustees. Trnlning and induction Training and induction is provide¢J as and ￿ffien required. Tnjstees attend•J training sassK￿S this year airanged through the Vofuntary Action Sheffiekl Academy for Community Leaming around the areas of 'Management and GovefnanGe' and 'Legd RespOnsib￿lt￿.. Volunteers The charity uses vdunteers in various rcles, and their expnw are roimbursed. The use of volunteers provhles exira resources lo the chanty and provides the volunteer wth work and admini8tr8live experierbce arKI $0 fulfils part of the ch8fitls obiectrrf#. Relal8d parti The charity has a relationsh￿? w7th the Hadfield Institute Ltd. a registered chaTrty sharing financial management arrangements, some premBe8 and staff. The Chair of each organisation 8it8 as a trustee on the other organisation. Other than this, the IVK) boards of truste8s have no other trustees in L))mmon. Rtsks The charty ha$ no investments other Current bank balances and has therefore no risk in this area. Property is owmed and rented arKI risk in this area is rninirnised by suit8bSè insuran￿. The main area of risk is that of the charity not obtainirwj r)ew contracts in the future. Reference and admlnistrntive detsi15 Charity number 1104200 Name and reg￿tered office AspirirvJ C(¥nmunjt￿S Trtyether 1st F￿￿. Fwvde Building. Earl Mafshall Road. Sheffiekl. S4 8LB Our &Jvisor8: Accountants Tngle Ashmore Ltd Chartered Ac¢ounlants Enterp￿ House. Broadfie]d Court. Sheffield. S8 OXF Bankers Lbyds TSB PIC Church Street, Sheffiekl, S1 1HP Trustees FaE8 Shaibi Ahmed Abdulqador Saleh Akyafat Raf* Sabh Awad Ge￿ran SaidAIi Key management personnel A Sharf A Mohamad B Mansour S Saleh C Brooks Chief Executive Olficer Centre Man Finance Off￿er Team Le*Jer. Adult Leaming Training Manager P&Je 5 ASPIRING COMMUNSTIES TOGETHER UK4UDrrED FIMNCiAL STATEMENTS FOR THE YB4R ENDED 31 ST kiARCH 20 INDEPENDENT INER'S REPORT TO THE TRUSTEES OF ASPIRING COMMUNITI S TOGETHER I report lo the Charty trustees on my examinat*Jn ofthe of thg charity forthe year er￿ed 31st March 2025 which are set tyjt on p4e¥ 8 to 21. Responsibilities and basis of report As the charitys trustee5 you are resp¢mS￿￿ for t￿ preparation Lrf the actounl$ in accordance with the requirements ol the Charities Act 2011 Ilhe Act.). I report in respect of my gxwninalTron of the chariW¥ accounts carried out under 8ection 145 of the Act and in ￿Trying out my examination I have folk?w￿ all the applicable Dir&b"ons given by the Charty Commls8ion under sgction 145{5)Ib) ot the ACL Independent examinerfs statement Sinca the charitys gross income exce&Jed £250.000 your ex￿Iner ffl￿t be a member of a b)dy listed in $¢clion 145 of the Act. I tonfimi thal18m qualified to undertake e￿MInatIon because l am a mwnber of the Institute of Charter&J Accwntants in England and Wa￿. whtch is one of the listed bodies. I have completed my examinalvJn. I confimi that no material matters have come lo my att￿tIOn in connection with the examinabon gmng me cause lo belteve that in any material Tespert accounting records wefe not kept in re$pecl of the charity as T￿￿1r8d by s&tion 130 crf the Act or the accounts do not xcord wth those re¢ords.' or the accounts do not Gompty w¢th the appIl￿b￿ requir￿￿*￿$ eonceming the form and conlenl of accounts set OLrt in the CharTtFes (Accounts and Reports) Regulations 2008 other than any reqUI￿rnent that the accounts gib? a Irue arKI fair v#hth i8 n¢A a matter con$Klered as part of an independent ex*nination. I have no con¢oms and have c¢)me across no other matters in conneGt*Jn the examination to %thich attgnlion should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. Dat￿ '. Brendan Ashmore ACA ringle Ashmore Ltd Chartered Accounlanls Enterprise House Broadfield Court Sheffield S8 OXF Page 7 ASPIRING COMMUNITIE ER UKAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAR H 2025 CONSOUDATED STATEMENT OF FINANCL4L ACTIVIT ND INCOME AND EXPENDIT ACCOUNT Unrestricled Restrided frjnds funds 2025 2025 Tot fvnds 2025 Total funds 2024 Income from.. Charitable activities 96.629 231,011 327.640 499.623 Donations and similar in¢omo 300 300 Investment income.. Interest receivable 2,755 2.755 2,052 Other trading xli￿lies. Commercial trading operations other 55,694 1,893 S5,694 1,893 51,454 6,754 Total income 157,271 231.011 388.282 560,927 ExFendlture on.. Raising funds.. Commercid trading opwations 70.448 70.448 70,013 harftable activities 162,978 254,881 417.859 418.758 Totsl expenditure 233.426 254.881 488.307 488,771 Nel in¢om&(expenditure) for the year (76.155) (23.870) (100.0251 72,156 Total funds brought forward 559.917 455.146 1.015,c￿3 942,907 Totsl funds carried foNMrd £483,762 £431,276 £915.038 £1.015,063 The Slalement of Financial AclNit*s includes all gains and rosses [￿nised in the year. All inwme and expenditure derive from continuing a¢tivikn"es. Page 8 ASPIRING C MM S TOGETHER DITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 CONSOUDATED AND CHARifY BALANCE Group 2025 Grcmjp 2024 Charity 2025 Charty 2024 Fixed assets Tangib￿ a$$•ts 451.789 478.430 449.11KI 475.150 Current assets Sloek Debtors Cash at bank and on hand 520 83,985 429.171 84,793 546,987 98,558 428,995 90,940 546,812 513.676 632.376 527,553 637,752 Creditors- amounts falling due within one year 10 50.427 95.743 22,009 72,987 Net current assets 463,249 536.633 505.544 564.765 Net assets £915.038 £1,015.(￿3 £954.644 £1,039.915 Income funds Unrestricted funds General funds Designated fvnds 11 11 463.249 20,513 536.633 23,284 502.855 20,513 561,485 23,284 483.762 431.276 559,917 455,146 523,368 431,276 584,769 455.146 Restrided fvnd8 11 Totsl funds 12 £915.038 £1,015.(E3 £954.644 £1.039.915 These financial Statements were approved and authoriwj for i88ue by the Board on . 0910512026 and SIg￿d on their behalf by Arffr. Cash in hand Bank balances 722 428.449 421 428,449 546,566 Total cash and cash equwaler £429,171 £546.987 £428,995 £546.812 Page 10 ASPIRING COMMUNITIES TOGETHER UNAUDrrED FI￿NcIAL STATEMENTS FOR THE YEAR ENDED 31 ST MARCH 2025 PRINCIPAL ACCOUNTING POLICIES Aspiring Communitvs Together is a Charitable Incorporated Organisalion registerod in England and Wales. The address of the re9iStwed off￿e is given in the chanty information on page 5 of these financial stslemenls. The charity constibjtes a pubfK benefrt entty as defined by FRS 102. These financial $tslements have been prepared in accordance wtth Accounting and Reporting by Charities". Statement of Recommended Practice applicable lo charities preparing Iheif accoLtnts in accordance ￿￿th the Financi￿ Reporting Standard aPpI￿ation in the UK and Republ￿ of Ireland ISSU￿ in October 2019, the Financial Reporting standard aPpI￿able in the UK and RepublK of Irefand IFRS 102), the Charibes Aci 2011, and UK GeneraltyAccepted AccounlNig pr￿t￿e. The folloving is a summary ofthe more important ￿COunting pofKigs used by thg tharity. Going concem The financial statements ha* been prepared on the o)ing concem basis as the trustegs belteve that there are no maleTial uncertainties. Group fi.nancial sL2tements These financi￿ Statements consolKlate Ihe results of the charity aThJ its vtholty cywned subsidiary, Aspiring Communitie5 sheff￿k1 Ltynited. on a line by line b￿$. Income All income is accounted for as soon as the charity has entitI￿ant to the irKome. ther8 * certainty of reLeipt and the amount can b& measured with sufficwt rdiability. Income is only dgferred when.. The donof specifies that the grant or donatM)n must On￿ be used in future accounting perK#J5', or • The donor has imFosed g)ndib¢)rrb *lMch must t¢ met before the chanty has Uncondit￿nal enlillemenl. Grants r￿e1Vab Grants in respect of revenue items are written off lo the income and expenditure account in th8 period lo which thgy relate. Grants in respect of 8pecffic prOj￿ts are crgjited to a restricted fund, against whi¢h relevant expenditur& is charged. Expendrtur8 Expendrture is recognised ￿en a liabilty is incurred. • Costs of charitable a¢livitses comprise all costs incurr&l in the pU￿￿1t of tharitable obje¢ts of the charity. . Govemance costs comprise 81 costs incurr8d in the gov8rnan¢e ofth8 charty. Irrecoverable value added lax Irrecoverable value added lax Is I￿rilen off to the Statement of Financwl Actpiibes in the year in which it arises. Page 11 ASPIRING COMMUNITIES TOGEfHER UNAUDITED FINANCNL STATEMENTS FOR THE YE4R ENDED 31 ST ￿RCH 2025 PRINCIPAL ACCoU￿1NG POLICIES Pension costs The charity operates a deffned contribution scheme for the benefft of its empw. The costs of Contributions are ￿itten off to the Statement of Fina￿la1 Acbvitw in Ihe year in *fiich they are payable. Termination Benefrts Termination bene*rrts are payable vthen anpknwnent is temiinaled before the n¢)ryna retirement date. or whenever an empbyee a¢¢epts voluntary redundancy in exchange for these benefrts. The charty rewgnises tem7ination benefits when it is demonstrabty committed lo either {1) lemiinating the employrnenl of current employees according lo a detailed formal plan wtthout possibilty of wlhdrawal or li1} providing lerninatK)n ber￿rtS as a result of an offw m&Je to encourage voluntary redundancy. Debtors Trado arkd other debtors ara rewJnised at the am￿nt due after any discount off9rgd. Creditors Creditors are reC￿Jnised when the charity has a present obl•Jat￿ resulting from a past event that will probabty result in the transfer of funds lo a third party and the amount dLte to settle the obligation can be measured or estimated reliabty. Gredrtofs are nornaty Tecognised al their settlement amount after allowing for anytFade discounts due. FinarKial instrument5 The ¢harÈty only has financial assets and liabifrtres of a kind that qualify as basK financi81 instruments. These are initialty recognis&J al transaction value and are subsequentty measured at their settlement value. DopreGialion DePre￿allOn of tangible fixed assets is provided * Ihg folb*ing onnual rates in order to write off each asset over it$ eslimated usefvl lrfe. Leasehold prc4)ety improvements offi￿ equipment Computer equipmerrt and sofNvare Fixiures and ffttings - 25 strawJht line - 20% straight line on eost - 33.3% strapJht line on cost - 2￿ straight line cost The trustees con8rder that the buiklings ¥e maintained such thal thetr residu￿ value is at least equal to their net bcok value. As a result, the correswnding depr￿latIOn woukl not be material and is not charged in the statement of financial aclivrties. The trustees perf¢ym annual impairnenl reviews in a￿OrdanCe with the requirements of FRS102 to ensure that the ca￿Ying vatue 1$ not l¢)wor than the recoverable amount. Fund accounting Fund3 held by the charity are erther.- • General funds. comprise those unrestricted funds wtich the tW5tee5 are tr￿ to use for any furtherance of the charitable obj￿Is. Designated funds. wh￿h are those unrestrthd funds that are not frne fund$ in that they represent th8 nat 1x￿)k value of capital assets attribthable to the charitys ty•m reserves or are unrestricted funds earmarked by the twstees for particuiar purposes. • ReStr￿ted funds. which are funds which a￿ used in accordance ￿th the specrfK agre&J restrtctions imposed by the donor. P48 12 ASPIRING COMMUNITIES TOGEfHER NAUDITED FINA IAL STATEMENTS FOR THE YEAR ENDED 31ST TrA4RCH 2025 NOTES TO THE FINANCIAL TEMENT Financial *ivihes of the charty The financial acbvibes Sh(h￿ in the consol*Jated statement irKhJde those of the ch8rty$ wholly tY•vned subsiiJiaryAspiring Communities Sheffield Limited. The summary flnanciat perfom)ance ofthg charity ahjne is.. 2025 2024 Income from.. charitab￿ actNities Other donations and similar income Interest receivable Other trading xtmt 327,640 300 2.755 1,893 499.623 2.052 6,754 332.588 509,473 Expendrture on.. Charitable ￿tiv￿e8 417.859 418,758 Net {expenditure)firbcome {85.271} 90,715 Total fvnd8 brought ftmward 1.039.915 949.200 Total funds ￿Tried forward £954.644 £1,039,915 Represented by. Unrestricted income funds Reslricled inccrfng funds 523,368 431,276 584.769 455.146 Total furKls carried foNrnrd £954.644 £1.039,915 Page 13 ASPIRING COMMUNITIES TOGETHER UMUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 1ST MARCH 2025 NOTES THE FIM4NC TATEME￿s Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Total funds 2024 2 Income from charitable activknes: Aduh Leaming: Adurt and Communty Leaming SeDffj 91,467 91.467 86,470 SOAR.. Health Champions Eaty Years Let's Buibj Heatth Other 14.501 14.501 11,066 2.325 1.500 4,662 Elderfs ProjecL- Social Café 9,164 other. Arabic School Student Fees C¢>op Local Communty Fund Enterprise Holding FoundirwJ Grant Firvale Community Hub NHS Sheffield- CCG SACHMA- Mentsl Healh Save The Children Sh&ffield Cty Council: Carbon emission grant HAF Prcgramme Community Champions Multipty Project NE LAC Youth Grant other Grants South Yorkshire Communty Foundation Voluntary Action Sheffiekl Crmmunty ChampK)ns Refiective SupF Other Grants 13.680 1,920 3,000 1.957 1,957 222.228 4.500 30.000 20.000 12.427 37.326 124,800 20,000 12,427 37.326 124,800 8.646 34.542 22,700 10.580 1,000 19,302 500 soo 15,000 4.000 15.000 4.000 15,000 £96.629 £231.011 £327,640 £499,623 Page 14 PIRIN COMMUN TOGEfHER UNAUDITED FINANCL4L STATEMENTS FOR THE YEAR ENDED 31ST PAARCH 2025 NOTES TO TH FIWCIAL STATEMENTS Income &arned from commercial trading operations The charity is the $c4e guarantor ofAwring Communities sheff￿ld ￿Mited. a ￿npanY incorporated in England and Wales and whose Prir￿1Pal actmty is the provis￿n of heath actswtse8 through a gyTn and café. A summary of the results ofthe subskliary companyfor the year ended 31st Ma￿h 2025 is sh(hvn belo%w. 2025 2024 Gym fees and café income Cost of sales and overhead expendI￿re 55,694 (70,4481 51,454 (70,013) Net loss Corporation tax (14,754) {18.5591 Retained in the sub$•Jiary £114.754) q18,559) The assets and liabilit￿S of the subs•JFary were". Fixed 8s$ets Current assets Current liabilities 2,689 3.280 27.101 {55,233) 145.141} Total net IBbilities £139,606) £{24,852} Aggregate reser¥es £{39,6061 £124,852) Page 15 ASPIR MM EST EfHER NAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 OTES TO THE FINANCLAL 2025 2024 Expenditure on charitable actTrlies.' Direct costs.. Staffing Staff training Voluntgers Educational resources Hadfield semce level ajr￿ent Catering and activittes Heamh workshc 250,584 3.173 18.070 3,637 236,896 7.310 30,130 1,859 25.515 21,293 22.120 F i! 830 43,283 12,738 2,269 6.¢)03 23,512 320 2,270 26,050 10,017 10.174 16,244 1,677 2.491 19,215 Premises costs Office costs Insurances Travel and accommcdatK>n Professional fees Bad debts Other costs Depreciation 6.579 28.478 Govemance.. Accourrtancy 2,880 Tolal expendrture £417,859 £418,758 Net inC￿e/{eXPendrturOI for the ye This is staled after charging- Accounlanvs remuneration - ￿CoUnt5 preparatton and examinaknon - subsidiary accounts preparalvJn 2,880 993 27,200 Depreciation 26,641 Page 16 ASPIRING COMMUNITIES TOGETHER UNAUDITED FINANCL4L STATEMENTS FOR THE YEAR ENDED 31ST PAARCH 2 NOTES TO THE FIKANCLA 2025 2024 Analysis of group staff costs, trustee remuneration and expen$8s, the cost of key management personnel Salaries and wages Employerfs national insurance Employer pension contributions 241,456 7.742 368 226,561 6,433 382 £249,566 £233,376 No employees had employee berth in excess of £60.000 in erther year. No romunar¥tion wa# paid to tr¥Jstees in either year. During the year. one trustee was reimbursed £1,200 (2024- £nil) to covertheir expanse5 whiht assisting in the Food Phamiw. The key management pers¢)nnel of the charity and group comprise the trustees. the Chlef Executive. the Centre Manager, Finance Officer and the Team Leader f¢X Adult Leaming. The totsl emp benefits of the key marwement personnei £108.529 {2024- £103,864}. 2025 2024 number number The monthly average number of group empws, includiThJ casual and part time staff, was.. 21 20 7 Related party Iran6action8 Thwe were no relal&J patytrans&tions requiring disclosure in either year. Tangible assets a Group Leasehoh Land and pror buihjings Improvements Plant and machinery Tot Cost As at 1 st Apnl 2024 and at 31st March 2025 Tl.678 676.097 136,702 890,477 DepreciatvJn As a11 st April 2024 Charge for year 281,787 24.643 130.260 412.047 26,641 A8 at 31st March 2025 .430 132.258 438,688 Nel book valu8 As at 31st March 2025 £77.678 £369,667 £4.444 £451,789 Page 17 ASPIRING C MMUNMES TOGETHER UNAUDITED FINANCIAL STATEMENTS FO 31ST IWiCH 2025 OT CIAL STATEMEN Tangible assets b Charty Leasehoh Land and propety buikjirtgs Improvements Plant and machinery Tolal Co81 As at 1st April 2024 and at 31st March 2025 77,678 676,097 128,018 881,793 Deprerlatlon As at 1st April 2024 Charge for year 281.787 24.643 124.856 1,407 406,643 26,050 As at 31st March 2025 306.430 126.263 432,693 Ngt book valua As a131sl March 2025 £77.678 £369.667 £1.755 É449.100 GfOUP 2025 Group 2024 Charty 2025 Charlty 2024 Debtors Grants in arrears Trade debtors Amounts due from trading subsidiary Other debtors and prepafflients 69.574 2.150 39,177 26,330 69.574 39.177 16.723 12,261 32.477 19,286 12.261 19,286 £83,985 £84.793 £98,558 £90.940 10 Creditors- amounts falh'ng due within one year Trade creditors Other taxation and social security Olhar credrtors and accruals Deferred income 13.353 29.225 7,849 30.637 29,930 4,026 31,150 13.110 3,019 5,880 30,490 8,246 3.101 31,150 £50.427 £95.743 £22,009 £72,987 Deferred income rdales to income in¥owl in thano ofthe pthrmanee ofthe relevant actswty. Page 18 ASPIRING COMMUNITIES TOGETHER NCL4L STATEMENTS FOR THE NDED 31ST PMRCH 2025 TES TO THE FI￿NcIAL STATEM BaL8rte at 1st April 2024 Movement in resources Balan¢e al Incoming Outwng 31st March 2025 11 Movement in group funds a Current year UnreslTiCted funds.. General ftjnds 536,833 157.271 (230.655) 463.249 Designated fLtnd$= Capital assets 23.284 {2.7711 20,513 559.917 157.271 (233.4261 483.762 Restricted fund8: Capital assets SOAR Other 455.148 (23,870} {14.5011 (216,5101 431,276 14,501 216.510 455,146 231,011 {254,8811 431,276 Total funds £1.015.063 £388,282 £(488.3071 £915,038 Designated funds". Capital assets- this represents not Ixwjk value of ass* purcha￿ from the chaws erves. Reslricled funds: Capital assets - this represents the net book %Vdlue of assets purchawj frc4n restrthd grant income. The other restr￿ted funds arise from grants prowded for specrfic projects to fund salaries and other direct chafltable costs. The balances carried foThMrd represent lh& amount of m￿105 receiv￿ and not expended by 31st March 2025. Page 19 ASPIRING COMMUNITIES ToG￿HER UNAUOITED FI￿ANCIAL STATEMENTS F R THE YEAR EN 31ST MARCH 2 THE FINANCiAL TATEMENTS Balance at 1st April 2023 Transfws Balance at 31st March 2024 Incoming Outgoing 11 M¢)vemenl in group funds b Pr*)r year comparison Unrestricted funds". General funds 438.747 393.102 {293.7461 (1.4701 536,633 Designated fLtnds'. Capital as5et8 25.180 13.366} 1.470 23,284 463,927 393.102 1297.1121 5S9,917 Restricted funds: Caprtal assets SOAR Eldei's Project Other 478.020 123.834) (14,8911 19,1641 {143,7TO) 455.146 14.891 9.164 143,770 I￿) 478,980 167.825 (191.659) 455,146 Totsl funds £942.907 £560,927 £(488,T11) £1.015.063 12 Andysis of group net assets funds a Fund balances at 31st March 2025 are representaj ty. Restrthj General Despanated funds funds fvnds Total funds Tangible fixed assets current aSS8ts 431.276 20,513 451,789 463,249 463,249 Net a$sets £431.276 £463.249 £20,513 £915.038 b Prior year Comparison Fund balances al 31st March 2024 Tepresented ty. Tangible fixed assets Net current assets 4SS.146 23.284 478,430 536.633 536,633 Nel as$els £455.146 £536,633 £23,284 £1,015.063 Page 20 ASPIRING COMMUNITIES TOGEfHER u￿UDlTED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 NO FINANCIAL STATEME 13 Prior year comparatNe8 A detailed breakdown ￿ the 2024 con¥olKl*ed statement of financial acbVi￿S befv￿n unreslricl and restricted funds i8 as fdkjws.. Total funds 2024 funds fvnd5 Income from.. Charltable 8Ctwitie5 Donations and similar income Interest recowdblg Other trading aclivilies.. Commg1¢ial trading okwabons Other 331,798 167.825 499,623 2.052 2.052 51.454 6.754 51,454 6,754 Total income 393.102 167,825 560.927 Expenditure on.. Raising funds.. Commercial trading operations Charitable activities 70.013 227.099 70,013 416.758 191.659 Total èxpenditurg 297.112 191,659 488,771 Net movement in furKIs £95,990 q23.834) £72.156 Griwp 2025 Group 2024 Charity 2025 Charity 2024 14 Reconciliation of nel expenditure to net flow from operating ￿￿￿tIes. Nel in¢¢)me for the year {100,025> 72.156 185.271) 90,715 Adjustments for. Depreciation charges Inloresl receivable DKreasellincrease) in stock Decreasellincrease} in debtors Increaselldttrease) in credrtors 26,641 {2,755) 76 27.21]0 (2.0521 (206) 75.325 64.892 26.050 (2.7551 26,478 12,0521 (7,618) {50.978} 65,433 56,841 {45,316) Nel cash provKled by operating acllvltes £1120,571) £237,315 £{120.572) £237,415 Page21