Registered Charity Number: 1116421 Company number: 04137726 Aspire Community Enterprise (Sheffield) Limited ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS For the year ended 31 March 2025
Aspire Community Enterprise (Sheffield) Limited Contents Page Legal and adrninistrative information Directors, annual report Independent examiner's report Statement of financial activities Balance sheet Notes to the accounts 10-17
Aspire Community Enterprise (Sheffield) Limited Legal and administrative information Patrons Dr David Rumsey Dirertors Patricia Parkin Liz Gra5SO James Fulton Steve Hambleton Hayley Koseoglu Chloe Angus lan Drayton Resigned 23/0712025 Registered office 11 Soar Works Knutton Road Parsons Cross Sheffield S5 9NU Company Number 04137726 Charity number 1116421 Bankers Natwest 5 Market Place Chesterfield S40 ITW Accountants Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH
Aspire Community Enterprise (Sheffield) Limited Directors, annual report For the year ended 31 March 2025 The trustees are pleased to present their annual directors. report together with the financial statements of the charity for the year ended 31 March 2025 which are also prepared to meet the requirements for a directors. report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011. the Companies Act 2006. the Articles of Association, and the charities Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland- FRS 1021 issued in October 2019. Structurei governance and management The organisation is a charitable company limited by guarantee. incorporated on 9 January 2001 and registered as a charity on 19 October 2006. The company was established under a Memorandum of Association las amended by special resolution on 2 February 20231 which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. Overall management of the charity 15 the responsibility of the trustees who are elected and co-opted under the terms of the constitution. Day to day project activity is managed and carried out by volunteers and paid staff. Charitable Aims and objectives The objects of the Charity are.. l. to relieve the poverty of those in need in the United Kingdom. 2. to advance the education of, provide training for and otherwise assist those in need in the United Kingdom to enable them to obtain paid employment. 3. to promotethe irnprovement and development of, provide opportunitiesfor the improvement and development of. the performance and skills of individuals involved in the provision of education and training for the public benefit provided by the charity and others in such a way that they are more effective and able to achieve the objects. (The expression 'those in need, means those who are poor las poverty is understood by the law relating to charities) or who are otherwise disadvantaged by reason of homelessness. or impairment of mental or physical health or ability, or unemployment or of personal histories of alcohol- or drug-abuse or crime.} The charity meets their objectives through the provision of employment experience and training for the long term unemployed and marginalised. Whilst planning their activities the trustees have had regard to the guidance issued by the Charity Commission on public benefit. About As ire Aspire Community Enterprise is located in oneof the most deprived neighbourhoods ofsheffield. We aim to achieve. and in large part support, our charitable objectives through the sales we generate from the donations of IT equipment and other items we receive from local people and organisations. In this way we can provide our volunteers, and people on work placement, with a diversity of workplace roles, requiring a range of skills and skill levels, in a secure workplace environment in which every individual contributes to the success of the charity.
Aspire Community Enterprise (Sheffield) Limited Directors, annual report- continued For the year ended 31 March 2025 We are very much rooted in our community, both in terms of the city and also the neighbourhood in which we are based. Our employees and the people who come to us to gain work experience and acquire workplace skills are drawn from local communities which are facing severe social and economic challenges. The people who come to us for work experience I"volunteers"} are those who face the most significant challenge5 in securing and holding meaningful, well-paid employment because of economic, social. psychological and health issues. Most have never worked before or are long-term unemployed. At Aspire they can.. acquire the habit and disciplines of the workplace. build their social interaction and work collaboration skills. establish their potential and work to develop new skills- and learn how to present themselves to potential employers in the wider economy. We are also rooted in our community through our links with the many public and voluntary agencies involved in supporting the most disadvantaged people in our city and it is these agencies which are the sources of most of the people who are referred to us to gain work experience. In our day-to-day activities we also work with, and provide a wide range of services to, local charities and third sector organisations, activities which benefit our community and enrich the work experience opportunities we provide. In our income generating activities we 5UStain our local community links throughout. The IT systems we refurbish and resell provide affordable computers for local people and organisations, such as local schools and charities, thereby providing them with acces5 to internet-based services. The main items for which we seek external funding are financial support to assist with our volunteers, costs, mainly travel and meals, and funding to help with the purchase of significant capital items of equipment. Activities and Achievements This has been a difficult year for Aspire. Like many other small enterprises, we have been impacted by the rise in the cost of living. Wages, rents, utilities and supplies of essential goods have all increased, but it has been difficult to sustain an increase in our income to match this. We have successfully upgraded our website. with several improvements including a link for potential customersldonors to contact us direct through the website. The website is more user friendly and contains much more information about the work we do. We are making progress in developing our CRM system and have partially integrated it into current systems, but there is still further work to do on it. We successfully transitioned to the new IS0270001 standard which means we can continue to offer our data wiping service and our equipment donors can be confident that any data stored on their used IT is wiped securely. Our apprentice completed his apprenticeship but sadly, due to financial constraints we were not able to offer him a permanent role We are continuing our work for SCC in the removal of IT equipment from their Moorfoot building. Workin with Volunteers Over the year we had a total of 17 volunteers, 2 of which have moved onto paid work and 2 have gone onto college. This year we have received referrals from Opportunity Sheffield. Sheaf Training, Sheffield College. Autism Centre for Supported Employment, Sheffield City Council (including some from Social Servicesl and Shipshape. We offer a one-day taster where potential volunteers can come and work for us for one day to see what we do and what work experience they can gain, to enable them to decide whether therfd like to become a regular volunteer.
Aspire Community Enterprise (Sheffield) Limited Directors, annual report- continued For the year ended 31 March 2025 Not all of our volunteers move on to paid work or training and for others it can be a long journey. Many enjoy belonging to a team where they know they make a genuine contribution and develop self-confidence and self- esteem. We do not select volunteers on their ability as our charitable aims are to help those in greatest need, so it can take time to train a volunteer to a level where they are making a real contribution. They are welcome to stav with us as long as it takes, and we continue to provide a safe, supportive and tolerant environment for our volunteers, who can have varying needs. and this is reflected in the length of time some of them stay with us. We regularly seek funding to that we can pay our volunteers lunch and travel costs. so they are not out of pocket working at Aspire. Income eneration activities erformance Performance has continued to be inconsistent throughout the year due to difficult trading conditions generally. Our staff and volunteers have worked hard to refurbish as much of our donated equipment as possible, and our sales staff have put an equal effort in to generate income from the refurbished products. We switch between targeting eBay sales and shop sales as demand fluctuates throughout the year A problem we have experienced this year is the transition to Windows 11. We are getting a lot of donated PC's/laptops that run on Windows 10 which cannot be upgraded. so unlikely to sell. They can only be broken down and sold as parts or scrap, the value of which cannot always justify the time spent on stripping them Storage is often a problem for us as donations from major donors come in bulk. but we cannot afford to rent additional units on a permanent basis that may be empty half the year. This year we have alleviated this somewhat by purchasing large lockable waterproof storage bins to use outside which will be a big advantage when we receive large amounts of donations Other Achievements The upgraded website is functioning well and has been a great success in attracting new donors. IVS hard to quantify significance, but there have been some large donations come via the contact form on the website. It's been well worth the time and investment spent on this Financial erformance It was a challenging year due to general inflation, volatile recycling prices, the increased wage bill and our continued commitment to pay the Real Living Wage. Whilst we increased revenue from general activity to £222,000 lup £6000 from last yearl a reduction in charitable donations and grants over the year resulted in an operating deficit for the year. Whi15t we had sufficient reserves to cover the deficit the trustee5 recognised that it was not sustainable going forward so various measures were implemented for the 2025126 financial year. Our only significant cost that we have any control over is our payroll. so we had to reluctantly take the decision to abandon our commitment to the Real Living Wage with effect from I" April 2025 reverting to the National Living Wage. It was also decided that our apprentice would not be retained once his apprenticeship ended in April 2025. One member of staff has taken temporary unpaid leave. and a decision will be made on his future in the summer of 2025. These combined actions will save approximately £30.000 on the wage bill. In our fast-changing market, we are aiming to keep increasing sales via eBay and other online platforms to reach a wider customer base. We are constantly reviewing expenses to see if further savings can be made.
Aspire Community Enterprise (Sheffield) Limited Directors, annual report- continued For the year ended 31 March 2025 Fundin Quite a few of our funding applications have not been successful so far this year. We have received the following funding from some of our regular funders this year this year Restricted YIN Date Funder Amount Purpose Core funding 1111212024 Town Trust £1.500 Queen Victoria & Johnson Memorial Trust 1611212024 £750 Travel costs 0810112025 Harry Bottom Trust £2.000 Travel costs Support our work 2010112025 Facey Family Foundation £3,000 Support our work 2710112025 Gripple £450 Future Plans Following the success of the new website we are now investigating the feasibility of us developing our own e commerce website, as the existing platforms are tightening up their rules for sellers. We are looking for potential funding to finance this. We continue to seek new donors and are currently in discussion with Veolia, Yorkshire Purchasing Organisation and the NHS with a view to receiving their used IT equipment. We are continuing with our Job Evaluation project. that somewhat stalled during the years financial tumult. The aim is to present a fair salary structure to our paid employees. Funds and resee5 policy We have normally held reserves circa £60,000 in order to support a controlled closing down or operations should the need arise and in 23124 we held a further £10,000 due to the volatility in business, which proved to be justified. We have had to use our reserve5 this year and consequently they have reduced to below last year's figure. After a review we now intend to work towards a level of £70.000, this figure reflects the current reality of the costs of a controlled close down. The measures outlined in our Future Plans should enable us to build up to this figure. The charity's free reserves (general funds excludingfixed assets) as of 31 March 2025 were £48,58912024- £67,638).
Aspire Community Enterprise (Sheffield) Limited Directors, annual report- continued For the year ended 31 March 2025 Trustees, responsibilities in relation to the financial ststements The charity trustees {who are also the directors of the charity for the purpose5 of company lawl are responsible for preparing a Trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies. Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the trustees are required to: Select suitable accounting policies and then apply them consistently; Observe the methods and principles in the Charities SORP- Make judgements and estimates that are reasonable and prudent: State whether applicable UK accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements: and Prepare the financial 5taternents on the going concern basis unless It 15 inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to 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 the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements. Small company provisions: This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. The directors declare that they have approved the direttors, annual report above on 23 July 2025 Signed on behalf of the directors: Hayley Koseoglu Chair of Trustees
Independent examinerfs report to the directors of Aspire Community Enterprise (Sheffield) Limited I'the Companv) I report to the charity directors on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilitie5 and basis of report As the directors of the Company you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. 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 20111.the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examinerfs statement 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- accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act,. or the accounts do not accord with those records,- or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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: or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to organisations preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. 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. Signed: Susan Cochrane, FCA DChA Seven Hills Accountants Limited 57 Burton Street Sheffield 56 2HH Date- 11 Aug 2025
Aspire Community Enterprise (Sheffield) Limited Statement of Financial Activities (incorporating the income and expenditure account) For the year ended 31 March 2025 Unrestricted Restrirted funds fvnds Total Unrestricted Restricted 2025 funds funds Total 2024 Notes Income from: Donations and grants 8.654 2.750 11.404 6.315 45,149 51,464 Cha ritable activities 221,480 221,480 216,969 216,969 Investment income - bank interest 717 717 827 827 Surplus on disposal of assets 4,500 4,500 Total income 230,851 2.750 233,601 228,611 45.149 273,760 Expenditure on: Cha ritable Activities 257.339 1.007 258.346 235.492 1.567 237,059 Total expenditure 257,339 1,007 258,346 235,492 1,567 237,059 Net income/(expenditure) 126.488) 1.743 124.745) 16.881} 43,582 36,701 Transfer between funds 12 44,728 {44,7281 Net movement in funds 126.488) 1.743 124.745) 37,847 11,1461 36,701 Total funds brought forward 112,718 400 113,118 74.871 1,546 76,417 Total funds carried forward 86.230 2.143 88.373 112,718 400 113,118 The statement of financial activities includes all gains and losses recoEnised in the year. All income and expenditure derive from continuing activities.
Aspire Community Enterprise (Sheffield) Limited Balance Sheet As at 31 March 2025 Total 2025 Total 2024 Notes Fixed assets 37,641 45,080 Current assets Debtors Cash at bank and in hand Total current assets 5,473 53.284 58,757 5,522 69,401 74,923 Creditors: amounts falling due within one year io 18,0251 {6,885} Net current assets 50,732 68,038 Total assets less current liabilities 88,373 113,118 Creditors: amounts falling due after more than one year Total net assets 88,373 113,118 Fund5 of the Charity General funds Designated funds Total un restricted funds Restricted funds 86,230 112,718 li 86,230 2.143 112,718 400 12 Total funds 13 88,373 113,118 For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies, regime. Approved by the Board on 23 July 2025 and signed on behalf of the board by: Hayley Koseoglu Cha ir of Trustees
Aspire Community Enterprise (Sheffieldl Limited Notes to the Accounts For the year ended 31 March 2025 Accounting Policies General Aspire Community Enterprise Isheffieldl Limited is a charitable company in the United Kingdom limited by guarantee. In the event that the charity is 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 company information on page l of these financial statements. The financial statements have been prepared in accordance with the Statement of Recommended Practice= Accounting and Reporting by Charities preparing their accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (second edition), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS1021 and with the Charities Act 2011. The financial Statements have taken advantage of the exemption to prepare a Statement of Cash Flows. The charity meets the definition of a public benefit entity as defined under FRS102. The financial statements are presented in sterling which is the functional currency of the charity and are rounded to the nearest £1. Income Income is recognised when the charity has entitlement to the funds. any performance conditions attached to the itemlsl of income have been met, it is probable that the income will be received and the amount can be measured reliably. Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance condition5 attached to the grants have been met, it 15 probable that the income will be received and the amount can be measured reliably and is not deferred. Contract income is included in the year in which the service took place. The value of donated goods are recognised only on sale as the trustees consider that the costs of valuation outweigh the benefit to user5 of the accounts and the charity of this information. Donated goods and services Donated goods - the value to the charity of donated goods sold is recognised as income when goods are sold, as it is deemed impractical to estimate the fair value of donated good5 for resale because of the volume of low-value items. Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met. the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated professional services and donated facilities are recogni5ed on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market: a corresponding amount is then recognised in expenditure in the period of receipt. Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliablv. Irrecoverable VAT is charged as a cost against the artivity for which the expenditure was incurred. Tangible fixed assets All items of capital expenditure below £500 are written off as incurred. Depreciation has been calculated to write down the cost of all tangible fixed assets over their expected useful lives on the following basis: Motor vehicles Fixtures, fittings and equipment 6 years straight line leaving IO% NBV on the balance sheet 3 or 5 years straight line io
Aspire Community Enterprise {Sheffieldl Limited Notes to the Accounts Icontinuedl For the year ended 31 March 2025 Accounting Policies (continued) Trade debtors Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised initially at the transartion price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits. and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting dote. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current Fund accounting Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated fund5 are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are to be used for specific purposes as laid down by the donor. Defined contribution pension scheme The charity contributes to a defined contribution pension scheme for the benefit of the employee5. The pension costs charged against net incoming resources are the contributions payable to the scheme in respect of the accounting period in accordance with FRSIO2. Operating lease rentals Rentals under operating leases are charged to the Statement of Financial Artivities on a straight line basis over the lease term. Taxation As a charity, the organisation is exempt from tax on income and gains falling within the available tax exemptions to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity- Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. li
Aspire Community Enterprise {Sheffieldl Limited Notes to the Accounts Icontinuedl For the year ended 31 March 2025 Income from donations and grants Unrestricted fund Restrirted funds Total Unrestricted 2025 fund Restricted funds Total 2024 Facey Family Foundation Sheffield Town Trust The Queen Victoria And Johnson Memorial Trust J G Graves Charitable Trust Harry Bottom Charitable Trust Investment for Growth Fund - ERDF Sheffield City Council Gripple Foundation Garfield Weston Foundation Donations 3.000 i.soo 3,000 I,soo 750 3,000 2,500 3,000 2.500 1,000 2,400 750 1,000 2,400 2,000 24,999 6,750 24,999 6,750 450 450 10,000 10,000 815 3.704 3.704 815 8,654 2,750 11,404 6,315 45,149 51,464 Income from charitable activities Unrestricted nd Restrirted funds Totsl Unrestricted 2025 fund Restricted funds Total 2024 Recyclables Sales Packing and mailing 40,046 181,434 40,046 181,434 33,252 183,632 85 33.252 183,632 85 221,480 221,480 216,969 216,969 Expenditure on charitable activities Unrestrirted fund Restrirted funds Totsl Unrestrirted 2025 fund Restricted funds Total 2024 Note Salaries Cost of goods sold lincluding delivery) Volunteer expenses and training Shop expenses Rent Rates Electricity & heating Insurance Repairs and maintenance Telephone Motor running expenses Marketing and social media campaign Bank charges Professional fees including ISO accreditation Fees and subscriptions Depreciation on fixed assets Sundry expenses Trustee payments re administration and fundraising Independent examiner's fee ISO,754 33,456 5.921 150,754 33,456 6.928 132,069 30,405 6,120 132.069 30,405 7.120 567 32.838 2,359 2,308 3,671 59 1,068 4.004 1,025 682 l.(K)7 1,000 567 30.163 2.190 2,604 5.594 30,163 2,190 2,604 5.594 32.838 2,359 2,308 3,671 59 1,068 4,004 1,025 682 1.068 3.317 4.601 662 1.068 3,317 4,601 662 3.509 1.177 8.159 544 3,509 1,177 8,159 $44 4,022 1,411 8,182 781 4,022 1.411 8,182 781 2.590 1.030 2,590 1,030 3,363 1,125 3.363 1,125 257.339 1.007 258.346 235,492 1,567 237,059 12
Aspire Community Enterprise {Sheffieldl Limited Note5 to the Accounts Icontinuedl For the year ended 31 March 2025 Stsff Costs and Numbers 2025 2024 Salaries Employer's Nl contributions Employer'5 allowance Employer's pension contribution 144,773 9,668 15,0001 1,313 127,553 8,707 15,0001 809 150,754 132,069 No employee received emoluments of more than £60.00012024'. nill. The average number of employees during the year wa5 7.9 12024= 7.31. The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund. Trustees remuneration, benefits and expenses The charity trustees were not paid or received any other benefits from employment with the Charity in the year12024.. £nill. neither were they reimbursed expenses during the year {2024: £nill. in their role as trustees. Patricia Parkin was paid an honorarium of £2,856 during the year for providing administrative services to the charity12024= £3,115). Liz Grasso,a trustee was paid to be a fundraiser during the year. She was paid £591 during the year for providing fundraising services to the charity12024: £2481. The above 5upplie5 of goods and services are allowable under the memorandum of a550ciation. No other trustees received payment for professional or other services supplied to the charity- Fees paid to the independent examiner's organisation 2025 2024 Independent examination fee 1,030 1,125 Other fees paid to the independent examiner's organisation.. Taxation services Other services 200 345 545 621 621 13
Aspire Community Enterprise {Sheffieldl Limited Notes to the Accounts Icontinuedl For the year ended 31 March 2025 Tangible fixed assets Fixtures. Motor fittings & vehicles equipment Total Cost or Valuation As at l April 2024 Additions 50.032 21,252 720 71,284 720 As at 31 March 2025 50,032 21,972 72,004 Depreciation As at l April 2024 Charge this period 7,505 7,505 18,699 654 26,204 8,159 As at 31 March 2025 15,010 19,353 34,363 Net Book Value As at 31 March 2025 35,022 2,619 37,641 As at 31 March 2024 42,527 2,553 45,080 Debtors 2025 2024 Trade debtors Prepayments Taxes and social security 4,687 626 160 2,655 626 2,241 5.473 5,522 10 Creditor5: amounts falling due within one year 2025 2024 Trade creditors Accruals Taxes and social security 5,173 1,030 1,822 5,560 1.325 8.025 6,885 14
Aspire Community Enterprise {Sheffieldl Limited Notes to the Accounts Icontinuedl For the year ended 31 March 2025 11 Designated funds There were no designated funds during the year ended 3110312025 Prior yeor comporison Bmught forward Corried forward Income Expenditure Tronsfers Motchfundingfor new vehicle 8.283 (8,283) 8.283 (8,283) The trustees had set aside motchfundingfor a new vehicle. The vehicles were purchosed in Moy 2023 ond thefund balance transferred to generalfunds as the use of the assets Is not restrirted. 12 Restricted funds Brought forward Carried forward Income Expenditure Transfers Volunteer expenses Sheffield Futures - dyslexia software/driving lessons 2.750 11,0071 1,743 400 2.750 (1.007) 2.143 Volunteer expenses Money given by The Queen Victoria And Johnson Memorial Trust and Harry Bottom Charitable Trust towards volunteer travel costs. £1,743 remains at the year end to be spent on volunteer travel. Sheffield Futures- dyslexia softwareldriving lessons Money was given to purchase dyslexia software. The funders enabled this to be spent on driving lessons instead and these will be undertaken as soon as is reasonable. 15
Aspire Community Enterprise {Sheffieldl Limited Notes to the Accounts Icontinuedl For the year ended 31 March 2025 12 Restricted funds {tontinued) Prior year comporison Brought forword Carried forword Income Expenditure Tronsfers Sheffield Philanthropicfund Work benches Volunteer expenses Sheffield Futures - dyslexio softwore/driving lessons Vehicle purchoses Sociol Enterprise Support Fund (UnLtdJ 256 (256) 2.400 (2,400) (I,oooJ 400 400 41.749 (41, 749) (579) (311J 1.546 45.149 (1,567) (44, 728) 400 13 Analysis of net assets by fund General Designated Restricted Funds Funds Funds 2025 Total Fixed assets Net current assets 37,641 48,589 37,641 50,732 2,143 86,230 2,143 88,373 Prior year comporison Generol Designated Restricted Funds Funds Funds 2024 Totol Fixed assets Current ossets 45.080 67.638 45,080 68,038 400 112.718 400 113,118 14 Related party transartions The charity received grants from charities for which James Fulton is a mutual trustee. He always declares a conflict of interest at any meetings and does not take part in the discussions or decisions regarding any Erants that may be made. 2025 2024 Sheffield Town Trust The Queen Virtoria And Johnson Memorial Trust 1,500 750 2.250 2,500 1,000 3,500 The charity is based at SOAR works, owned by SOAR Enterprises Ltd. for which lan Drayton is a mutual trustee. The following amounts were payable to SOAR Enterprises Ltd, all transattions were at market value: 2025 Rent Electricity Telephone Sundry expenses 30,163 2,604 1,068 51 33,886 There were no further related party transattions during the year other than those noted in note 6. 16
Aspire Community Enterprise {Sheffieldl Limited Notes to the Accounts Icontinuedl For the year ended 31 March 2025 15 Operating lease commitments As at 31 March 2025 the charity was committed to making the following payments under operating leases as follows.. 2025 2024 Payable within l year Payable between 1-5 years 7,665 7,665 7.665 7,665 17