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← Aspire Church

2024-08-31-accounts

Aspire Church

Charity No. 1120154

Company No. 03831962

Trustees' Report and Unaudited Accounts

31 August 2024

Aspire Church Contents

Pages
Trustees' Annual Report 2 to 6
Independent Examiner's Report 7
Statement of Financial Actvites 8
Summary Income and Expenditure Account 9
Balance Sheet 10
Notes to the Accounts 11 to 19
Detailed Statement of Financial Actvites 20 to 21

Page 1

Aspire Church Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 August 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 03831962

Charity No. 1120154

Formerly New Harvest Christian Fellowship. The name of the charity was changed to Aspire Church in September 2021.

Registered Office

31 Brook Drive Whitefield Manchester M45 8FR

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year: J.V. Davies A.J. Drury D.U. Whittingham

Company Secretary

A.J. Drury

Accountants

Spencer Accounting Services 65 Arnfield Road Withington Manchester M20 4AG

Bankers

Barclays Bank Manchester City Office PO Box 357 51 Mosley Street Manchester M60 2AU

Solicitors

Brabners LLP Horton House Exchange Flags Liverpool L2 3YL

Page 2

Aspire Church Trustees Annual Report

Aim and Purposes

The trustees of Aspire Church, in co-operation with the Pastor, direct and oversee the mission of Aspire Church, pastoral, social and spiritual, within the Charity's stated objects.

Structure, Governance and Management

The charity is structured as a charitable company, registered in the UK as a charity with the Charity Commission and as a charitable limited company with Companies House. The conduct and structure of the charity is defined and regulated by the Articles and Memoranda of Association lodged with and held by these bodies.

Appointment of Trustees

The appointment of trustees and other officers of the Charity is by election following recommendation of a candidate by the existing Directors. Trustees at present are the same as Directors. The board consists of no fewer than three and no more than five Directors. The current membership is three.

The trustees are responsible for making decisions on all matters of general concern and importance to the Charity including evaluating new ministry opportunities and deciding how the funds of the Charity are to be spent. The full board of trustees met once during the year, business meetings were also held at which two or more trustees were present to progress specific issues such as the preparation of the annual report and accounts.

Objectives and Activities

The Charity's objects are defined in our Memoranda of Association:

When planning our activities for the year the Pastor and trustees have considered the Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion.

The trustees are committed to enabling as many people as possible to worship at our churches and become part of our faith community. This includes considering how our services and other activities can serve and involve the many different groups within our locality, our city and the surrounding areas.

Our aim is that as many people as possible have their lives impacted by the gospel of Jesus Christ and we are always seeking ways to bring this message to the wider community in the form of both practical relief and teaching. Biblical teaching provides people with inter-personal and practical resources to improve their lives and relationships and also equips them to face life's challenges. In particular, we try to enable ordinary people to live out their faith through worship and prayer, learning about the Gospel and providing opportunities for practical Christian service and involvement. These opportunities include the various outreach projects and programmes operated by the Charity as an outworking of our Christian concern for those in need:

Page 3

Aspire Church Trustees Annual Report

These projects and programmes are provided for the benefit of both church members and the wider public equally and without restriction.

Achievements and Performance

Leadership and Governance

The focus of our church has been and still is on helping people with gospel resources and personal interaction. The leadership of the church remains committed to spreading the gospel message wherever opportunities present themselves.

In the past year, we have initiated a programme that provides leadership opportunities to a diversity of individuals. A couple of examples of this includes Sunday preaching, giving mini-teachings as we take up the offering, teaching Sunday school and leading youth classes.

Worship and Prayer

Throughout the year, we continued to offer Pentecostal teaching and worship, both in-person and online. In addition to our lively worship services where we offer Bible based teaching and preaching, we held Prayer and Praise nights that were well attended by adults as well as young people.

Our Wednesday night services, now named Connection Services, offer an intimate setting with acoustic guitar worship and small group Bible study.

In the past year, Pastors from successful churches in the U.S. have come to help teach and encourage our congregation. These meetings include Sunday services, Men’s meetings, and Marriage seminars. Church members, from these congregations, also came along with the pastors and their fellowship and friendship have strengthened our church.

Mission and Evangelism

We are a local church with a world vision, and in accordance with our objectives have continued to support other churches and ministries around the world in response to Christ's great commission.

Aspire church is a participating church with SHIFT Ministries, a collective of churches located in various countries. We attend leadership conferences and seminars and assist with missions and church plants in various ways.

Youth Group

Our youth group continued on Friday nights and some of the local young people in the area started attending with some attending Sunday worship services. Some of our Yth members have aged out of the group but continue on as leaders and participants. This has strengthened the group and contributes to one of the overall goals of the church which is to train future leaders.

Women’s Group

Our women’s fellowship meetings have consisted of get togethers, both corporately and individually. A New Year fellowship brunch was enjoyed by all who attended.

Church Premises

St Aidans church, Littleton Road, Lower Kersal has been our church home since 2021. We use the church on Wednesday and Friday evenings, Sunday mornings and once a month Saturday meetings. The people of St Aidans and the Lower Kersal Young Adults group have helped us immensely by giving us space for storage and their improved maintenance of the building. We are still saving money to let or buy a permanent location in the future.

Page 4

Aspire Church Trustees Annual Report

Online Ministry and Multimedia

The internet livestream broadcasts of our Sunday services continue to serve those unable to attend due to sickness or having to care for others.

Our podcast system continues to automatically publish every sermon, including the live-streamed ones, to subscribers on any mobile device and hosts them in an online sermon library freely available to all. The automated system also announces each new recording on our various social media feeds as soon as it becomes available. This has continued to prove very popular with many taking the opportunity to ‘listen again’ to popular messages and new people have visited the church who first heard our services online. We have also had enquiries from other churches about the system.

The online ministry is useful for those who are away at university and remote job assignments. The livestreams and podcasts have been an excellent tool for evangelism as members share links amongst friends and families as well as posting to social media sites.

Marriage Counselling and Family Support

Our Marriage and Family ministry continues with Pastor Tom offering prayer and advice to those with family needs. Prepare-Enrich continues to be offered to couples in need and for those desiring pre-marital counselling.

Pastoral Care Team

Our Pastoral Care Team provides the framework for the church's pastoral care by greeting visitors and keeping in touch with individuals and families both within the congregation and the surrounding communities. Needs identified during these encounters have been referred to the appropriate ministry team and to the Pastor throughout the year and have included requests for prayer, counselling, home and hospital visits and emergency food parcels.

Sunday School and Youth Ministry

In the past year, we consider our Sunday School ministry very successful. Considering our limited space our volunteers have done very well in maintaining order whilst teaching kids about Jesus as well as life skills. We have added 2 new master teachers to the rota. We also have numerous volunteers that help on any given Sunday.

Youth Group

We hold weekly meetings that are often led by teens in the group. One of our original teens, now an adult, has joined the leadership team and is now giving lessons in rotation with the other teachers. Singing, learning the Bible, asking questions and some spirited debates are all part of the group activities. Christian Movie Night has been popular with many young people attending. Social Night with games and fellowship are helpful in bringing variety to the group. This past year we’ve added some variety nights, including poetry cupcake making contests and the like. These include unique Bible themes and have been well liked.

Gift Aid Scheme

Our Gift Aid giving scheme has continued to bring in useful additional funds. Most of our regular givers use the scheme and we are able to claim further sums through the Gift Aid Small Donation Scheme. A total of £32,055 has been given through these routes this year, resulting in an additional income for the Charity of £8,179.81.

Support and Volunteers

The charity is supported both financially and practically by the congregation members of Aspire Church.

Page 5

Aspire Church Trustees Annual Report

In accordance with the Biblical principle of Tithing, many congregation members dedicate 10% of their income to the work of the charity. Many of these also participate in the Gift-Aid scheme making their support even more effective.

The day-to-day work of the charity and its various practical ministry projects is undertaken by volunteers; and the trustees would like to take this opportunity to recognise and applaud the valuable work being done by so many.

Policies

The charity holds a deposit account into which funds are regularly set aside for projects and contingency. Our policy is to maintain a minimum deposit balance of £1000 to cover emergencies. During the year we have increased our total cash reserves to £114,652 in order to save for a future building and to act as a confidence buffer against unforeseen cash flow issues.

The Trustees are responsible for keeping proper 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. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees have assessed the charity's ability to continue as a going concern and are satisfied that there are no material uncertainties that would cast doubt on the charity's ability to continue operating for at least the next twelve months from the date of these accounts. The accounts are prepared on the assumption that the charity will continue in operation.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

A.J. Drury Company Secretary 16 May 2025

Page 6

Aspire Church Independent Examiners Report

Independent Examiner's Report to the trustees of Aspire Church

I report to the charity trustees on my examination of the financial statements of Aspire Church for the year ended 31 August 2024.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the Charity 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 charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

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 financial statements to be reached.

Michael Spencer MAAT

Spencer Accounting Services 65 Arnfield Road Wit hington Manchester

M20 4AG 16 May 2025

Page 7

Aspire Church Statement of Financial Activities

for the year ended 31 August 2024

Unrestricted
funds
2024
Notes
£
Income and endowments
from:
Donatons and legacies
4
86,326
Investments
5
1,006
Other
6
124
Total
87,456
Expenditure on:
Charitable actvites
7
79,998
Other
8
1,316
Total
81,314
Net gains on investments
-
Net income/(expenditure)
9
6,142
Transfers between funds
-
Net income/(expenditure)
before other gains/(losses)
6,142
Other gains and losses
Net movement in funds
6,142
Reconciliaton of funds:
Total funds brought forward
117,356
Total funds carried forward
123,498		 Unrestricted
funds
2024
Notes
£
Income and endowments
from:
Donatons and legacies
4
86,326
Investments
5
1,006
Other
6
124
Total
87,456
Expenditure on:
Charitable actvites
7
79,998
Other
8
1,316
Total
81,314
Net gains on investments
-
Net income/(expenditure)
9
6,142
Transfers between funds
-
Net income/(expenditure)
before other gains/(losses)
6,142
Other gains and losses
Net movement in funds
6,142
Reconciliaton of funds:
Total funds brought forward
117,356
Total funds carried forward
123,498		 Restricted
funds
Total funds
Total funds
2024
2024
2023
£
£
£
-
86,326
68,297
-
1,006
440
-
124
-
-
87,456
68,737
49
80,047
82,686
-
1,316
1,440
49
81,363
84,126
-
-
-
(49)
6,093
(15,389)
-
-
-
(49)
6,093
(15,389)
(49)
6,093
(15,389)
99
117,455
132,845
50
123,548
117,456		 Restricted
funds
Total funds
Total funds
2024
2024
2023
£
£
£
-
86,326
68,297
-
1,006
440
-
124
-
-
87,456
68,737
49
80,047
82,686
-
1,316
1,440
49
81,363
84,126
-
-
-
(49)
6,093
(15,389)
-
-
-
(49)
6,093
(15,389)
(49)
6,093
(15,389)
99
117,455
132,845
50
123,548
117,456		 Restricted
funds
Total funds
Total funds
2024
2024
2023
£
£
£
-
86,326
68,297
-
1,006
440
-
124
-
-
87,456
68,737
49
80,047
82,686
-
1,316
1,440
49
81,363
84,126
-
-
-
(49)
6,093
(15,389)
-
-
-
(49)
6,093
(15,389)
(49)
6,093
(15,389)
99
117,455
132,845
50
123,548
117,456
87,456
79,998
1,316		 -
49
-		 87,456
80,047
1,316		 68,737
82,686
1,440
81,314
-		 49
-		 81,363
-		 84,126
-
6,142
-		 (49)
-		 6,093
-		 (15,389)
-
6,142 (49) 6,093 (15,389)
6,142
117,356		 (49)
99		 6,093
117,455		 (15,389)
132,845
123,498 50 123,548 117,456

Page 8

Aspire Church Summary Income and Expenditure Account

for the year ended 31 August 2024

Income
Interest and investment income
Gross income for the year
Expenditure
Depreciaton and charges for
impairment of fxed assets
Total expenditure for the year
Net income/(expenditure) before tax
for the year
Net income /(expenditure )for the year		 2024
£
86,450
1,006
87,456
80,047
1,316
81,363
6,093
6,093		 2023
£
68,297
440
68,737
82,686
1,440
84,126
(15,389)
(15,389)

Page 9

Aspire Church Balance Sheet

at 31 August 2024

at 31 August 2024
Company No.
03831962		 Notes 2024 2023
£ £
Fixed assets
Tangible assets 12 4,045 4,438
4,045 4,438
Current assets
Debtors 13 9,673 7,787
Cash at bank and in hand 114,652 107,105
124,325 114,892
Creditors:Amount falling due within one year 14 (4,822) (1,874)
Net current assets 119,503 113,018
Total assets less current liabilities 123,548 117,456
Net assets excluding pension asset or liability 123,548 117,456
Total net assets 123,548 117,456
The funds of the charity
Restricted funds 15
Restricted income funds 50 99
50 99
Unrestricted funds 15
General funds 123,498 117,356
123,498 117,356
Reserves 15
Total funds 123,548 117,456

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 August 2024 the company was entitled to exemption 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 16 May 2025

And signed on its behalf by:

A.J. Drury Trustee 16 May 2025

Page 10

Aspire Church Notes to the Accounts

for the year ended 31 August 2024

Basis of preparation

The 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 applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Fund accountng
Unrestricted funds These are available for use at the discreton of the trustees in furtherance of the
general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for partcular purposes.
Revaluaton funds These are unrestricted funds which include a revaluaton reserve representng the
restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictons imposed by the donor or through
terms of an appeal.
Small amounts are given from tme to tme and Restricted Funds kept for such,
though none are of any material amount or held for any great length of tme.
Income
Recogniton of Income is included in the Statement of Financial Actvites (SoFA) when the charity
income becomes enttled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufcient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure reported gross in the SoFA.
Donatons and Voluntary income received by way of grants, donatons and gifs is included in the
legacies the SoFA when receivable and only when the Charity has unconditonal
enttlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same tme as the
donatons and gifs gif/donaton to which it relates.
Donated services These are only included in income (with an equivalent amount in expenditure)
and facilites where the beneft to the Charity is reasonably quantfable, measurable and
material.
Volunteer help The value of any volunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gains/(losses) on This includes any gain or loss resultng from revaluing investments to market value
revaluaton of fxed at the end of the year.
assets
Gains/(losses) on This includes any gain or loss on the sale of investments.
investment assets

Page 11

Aspire Church Notes to the Accounts

Expenditure

Expenditure
Recogniton of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which
expenditure cannot be fully recovered, and is reported as part of the expenditure to which it
relates.
Expenditure on These comprise the costs associated with atractng voluntary income, fundraising
raising funds trading costs and investment management costs.
Expenditure on These comprise the costs incurred by the Charity in the delivery of its actvites and
charitable actvites services in the furtherance of its objects, including the making of grants and
governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
Governance costs These include those costs associated with meetng the consttutonal and statutory
requirements of the Charity, including any audit/independent examinaton fees,
costs linked to the strategic management of the Charity, together with a share of
other administraton costs.
Other expenditure These are support costs not allocated to a partcular actvity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Equipment 25% Reducing balance Fixtures & Fittings 15% Reducing balance

==> picture [205 x 47] intentionally omitted <==

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 12

Aspire Church Notes to the Accounts

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where 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 and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 13

Aspire Church Notes to the Accounts

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

3 Statement of Financial Activities - prior year

3
Statement of Financial Actvites - prior year
Unrestricted
funds
2023
£
Income and endowments from:
Donatons and legacies
68,297
Investments
440
Total
68,737
Expenditure on:
Charitable actvites
82,686
Other
1,440
Total
84,126
Net income
(15,389)
Net income before other
gains/(losses)
(15,389)
Other gains and losses:
Net movement in funds
(15,389)
Reconciliaton of funds:
Total funds brought forward
132,746
Total funds carried forward
117,357
4
Income from donatons and legacies
Unrestricted
£
Oferings & Donatons
Received
78,262
Gif Aid
8,064
86,326
5
Income from investments
Unrestricted
£
1,006
1,006		 Restricted
funds
Total funds
2023
2023
£
£
-
68,297
-
440
-
68,737
-
82,686
-
1,440
-
84,126
-
(15,389)
-
(15,389)
-
(15,389)
99
132,845
99
117,456
Total
Total
2024
2023
£
£
78,262
60,261
8,064
8,036
86,326
68,297
Total
Total
2024
2023
£
£
1,006
440
1,006
440
68,737
82,686
1,440
84,126
(15,389)
(15,389)
(15,389)
132,845
117,456
Total
2023
£
60,261
8,036
68,297
Total
2023
£
440
440

Page 14

Aspire Church Notes to the Accounts

6 Other income

==> picture [155 x 39] intentionally omitted <==

Unrestricted
£
124
124		 Total
2024
£
124
124		 Total
2023
£
-
-

Page 15

Aspire Church Notes to the Accounts

7 Expenditure on charitable activities

Salaries
Pensions
Pastor's Benefts
Mileage
Rent
Sunday School
Youth
Ministry Resources
Conferences
Travel & Subsistence
Website
Comp S/ware & Consumables
Community Food & Drink
Visitng Speaker Costs
Trustee Honararium
Telecommunicatons
Insurance
Post, Print, Statonery
Repairs & Renewals
Pastoral Care
Outreach & Events
Travel Insurance*
Accountancy & Ind Exam
Licences & Subscriptons
Governance
Storage
Gifs to Overseas Churches
Gifs to Individuals
Bank & Credit Card Charges		 Unrestricted
£
24,722
890
10,537
593
18,000
532
574
219
0
9,527
538
202
1,907
1,847
300
378
525
32
107
0
1,280
0
1,575
1,183
209
3,444
664
150
64
79,999		 Restricted
£
49
49		 Total
2024
£
24,722
890
10,537
593
18,000
532
574
219
0
9,527
538
202
1,907
1,847
300
378
525
32
107
0
1,329
0
1,575
1,183
209
3,444
664
150
64
80,047		 Total
2023
£
24,030
844
9,450
428
18,000
369
598
207
3,067
15,651
365
255
772
484
450
343
482
236
69
188
174
644
1,540
757
107
2,867
245
0
64
82,686

*moved to Travel & Subsistence in 2024

Page 16

Aspire Church Notes to the Accounts

8 Other expenditure

8 Other expenditure
Unrestricted Total Total
2024 2023
£ £ £
Amortsaton, depreciaton,
impairment, proft/loss on 1,316 1,316 1,440
disposal of fxed assets
1,316 1,316 1,440
9 Net income/(expenditure) before transfers
2024 2023
This is stated afer charging: £ £
Depreciaton of owned fxed assets 1,316 1,440
Independent Examiner's fee 475 450
Other fees paid to the auditor or
independent examiner		 1,100 750
Ex-grata payments 300 450
10 Trustee remuneraton and expenses
One or more of the trustees has been paid expenses in the current or prior periods.
2024 2023
Number Number
Number of trustees paid expenses 1 3
The nature of the reimbursed expenses Travel & subsistence, mainly on training, pastoral and
outreach actvites. A further £150 each was paid to both
Dave Whitngham and Alan Drury as an honorarium for
preaching at Sunday services.
£ £
Total expenses reimbursed to trustees 69 11,232
11 Staf costs
No employee received emoluments in excess of £60,000.
Total employee benefts received by key management
personnel		 25,612 24,874
The average monthly number of full tme equivalent employees during the year was as follows:
2024 2023
Number Number
1 1
1 1

A pension scheme is provided for staff in accordance with the autoenrolment requirements.

Page 17

Aspire Church Notes to the Accounts

12 Tangible fixed assets

Cost or revaluaton
At 1 September 2023
Additons
At 31 August 2024
Depreciaton and
impairment
At 1 September 2023
Depreciaton charge for the
year
At 31 August 2024
Net book values
At 31 August 2024
At 31 August 2023
13Debtors
Prepayments and accrued income
14Creditors:
amounts falling due within one year
Bank loans and overdrafs
Accruals		 Equipment
£
21,098
924
22,022
16,912
1,278
18,190
3,832
4,186
2024
£
9,673
9,673
2024
£
3,103
1,719
4,822		 Fixtures &
Fitngs
£
964
-
964
713
38
751
213
251		 Total
£
22,062
924
22,986
17,625
1,316
18,941
4,045
4,438
2023
£
7,787
7,787
2023
£
-
1,874
1,874

Page 18

Aspire Church Notes to the Accounts

15 Movement in funds

At 1
September
2023
Incoming
resources
(including
other
gains/losses
)
Resources
expended
£
£
Restricted funds:
Restricted income funds:
Homeless
50
-
-
Food Project
49
-
(49)
Total
99
-
(49)
Unrestricted funds:
General funds
117,356
87,456
(81,314)
Total funds
117,455
87,456
(81,363)
Purposes and restrictons in relaton to the funds:
Restricted funds:
Homeless
Supportng the needs of the homeless
Food Project
Providing food for those in need
16 Analysis of net assets between funds
Unrestricted
funds
£
Fixed assets
4,045
Net current assets
119,503
123,548
17 Reconciliaton of net debt
At 1
September
2023
Cash fows
£
£
Cash and cash equivalents
107,105
7,547
107,105
7,547
Net debt
107,105
7,547		 At 1
September
2023
Incoming
resources
(including
other
gains/losses
)
Resources
expended
£
£
Restricted funds:
Restricted income funds:
Homeless
50
-
-
Food Project
49
-
(49)
Total
99
-
(49)
Unrestricted funds:
General funds
117,356
87,456
(81,314)
Total funds
117,455
87,456
(81,363)
Purposes and restrictons in relaton to the funds:
Restricted funds:
Homeless
Supportng the needs of the homeless
Food Project
Providing food for those in need
16 Analysis of net assets between funds
Unrestricted
funds
£
Fixed assets
4,045
Net current assets
119,503
123,548
17 Reconciliaton of net debt
At 1
September
2023
Cash fows
£
£
Cash and cash equivalents
107,105
7,547
107,105
7,547
Net debt
107,105
7,547		 Resources
expended
£
-
(49)
(49)
(81,314)
(81,363)		 At 31
August
2024
£
50
0
50
123,498
123,548
Unrestricted
funds
£
4,045
119,503
123,548
At 1
September
2023
Cash fows
£
£		 Total
£
4,045
119,503
123,548
At 31
August
2024
£
107,105 7,547 114,652
107,105
107,105		 7,547
7,547		 114,652
114,652

18 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 19

Aspire Church Detailed Statement of Financial Activities

for the year ended 31 August 2024

Unrestricte
d funds
2024
£
Income and endowments from:
Donatons and legacies
Oferings & Donatons Received
78,262
Gif Aid
8,064
86,326
Investments
1,006
1,006
Other
124
124
Total income and endowments
87,456
Expenditure on:
Charitable actvites
79,998
79,998
Total of expenditure on charitable
actvites
79,998
General administratve costs,
including depreciaton and
amortsaton
Depreciaton of Equipment
1,278
Depreciaton of Fixtures &
Fitngs
38
1,316
Total of expenditure of other costs
1,316
Total expenditure
81,314
Net gains on investments
-
Net income/(expenditure)
6,142
Net income/(expenditure) before
other gains/(losses)
6,142
Other Gains
-
Net movement in funds
6,142
Reconciliaton of funds:
Total funds brought forward
117,356		 Restricted
funds
Total funds
Total funds
2024
2024
2023
£
£
£
-
78,262
60,261
-
8,064
8,036
-
86,326
68,297
-
1,006
440
-
1,006
440
-
124
-
-
124
-
-
87,456
68,737
49
80,047
82,686
49
80,047
82,686
49
80,047
82,686
-
1,278
1,396
-
38
44
-
1,316
1,440
-
1,316
1,440
49
81,363
84,126
-
-
-
(49)
6,093
(15,389)
(49)
6,093
(15,389)
-
-
-
(49)
6,093
(15,389)
99
117,455
132,845		 Restricted
funds
Total funds
Total funds
2024
2024
2023
£
£
£
-
78,262
60,261
-
8,064
8,036
-
86,326
68,297
-
1,006
440
-
1,006
440
-
124
-
-
124
-
-
87,456
68,737
49
80,047
82,686
49
80,047
82,686
49
80,047
82,686
-
1,278
1,396
-
38
44
-
1,316
1,440
-
1,316
1,440
49
81,363
84,126
-
-
-
(49)
6,093
(15,389)
(49)
6,093
(15,389)
-
-
-
(49)
6,093
(15,389)
99
117,455
132,845
68,297
440
440
-
-
68,737
82,686
82,686
82,686
1,396
44
1,440
1,440
84,126
-
(15,389)
(15,389)
-
(15,389)
132,845

Page 20

Aspire Church Detailed Statement of Financial Activities

Total funds carried forward

123,498 50 123,548 117,456

Page 21