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2020-10-31-accounts

REGISTERED COMPANY NUMBER: 07401481 (England and Wales) REGISTERED CHARITY NUMBER: 1141103

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020

FOR

ASPIRING COMMUNITIES

SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU

ASPIRING COMMUNITIES

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Notes to the Financial Statements 9 to 15
Detailed Statement of Financial Activities 16

ASPIRING COMMUNITIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2020

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2020. The trustees have adopted the provisions of 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 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Charity's objectives as set out in the objects contained within the company's Articles of Association are:

To further or benefit the residents of Leeds, and locations in Scotland, Ireland and Pakistan, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents.

In furtherance of these objects but not otherwise, the trustees shall have the power:

To establish or secure the establishment of a community centre and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the Company.

Activities

The objects will be achieved and realised through:

  1. To establish short term hiring, leasing and secure long term purchase of properties to function as community centres

  2. Provision of community based activities and programmes based upon specific needs

  3. Fundraising

-short term funding based upon donations, member subscriptions, business sponsorships

-mid to long term funding based upon donations, member subscriptions, business sponsorships and hiring/rental of community centres for functions/events

-the charity has expanded and evolved its fundraising activities and channels to countries outwith the areas of operation

Volunteers

Many volunteers give up their time to help out the charity with fundraising activities. The charity is greatly indebted to these volunteers for their commitment and support.

Page 1

ASPIRING COMMUNITIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2020

ACHIEVEMENT AND PERFORMANCE Charitable activities

Working in partnership with local communities and other organisations, our charitable aims, objects and activities centre around three main themes:

  1. Advancement of Communities

  2. Advancement of Health

  3. Advancement of Religion

1. Advancement of Communities

Our community based activities and development programmes revolve around specifically meeting the needs of the local communities through the provision of community centres for:

Community Task Teams & Engagement Workshops Inter Faith & Multi Cultural Meeting Youth Career Clinics

Community Centre Projects

Our strategic objectives are to serve local communities on a long term basis delivered through sustainable community centre projects, with segregated facilities for:

Community Based Events Sporting and Recreation Facilities Islamic Learning Centres

2. Advancement of Health

Our community health programmes will integrate the balancing needs of fitness, good dietary habits and lifestyle choices whilst addressing the specific cultural needs of ethnic groups through the provision of:

Equal Opportunity Recreation Facilities Sporting Competitions and Events Good Health Literature

3. Advancement of Religion

Religious harmony is an essential component in addressing the needs of successful community integration and wider society today, our dedicated programmes will include:

English Speaking Facilities Inter Faith Meetings and Events Open Access Islamic Learning Centres

Throughout the year, the trustees will travel to Pakistan to promote the true and peaceful teachings of Islam and furthermore distribute aid to the poor and needy.

FINANCIAL REVIEW

Reserves policy

The General fund represents funds arising from past operating results. The Directors are satisfied that the balance of the fund will enable the charity to meet its objectives. The Directors have also examined the requirement to maintain reserves for the on going work of the charity and concluded that the most appropriate level is between 6 to 12 months of operational expenditure.

Page 2

ASPIRING COMMUNITIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2020

FUTURE PLANS

The charity currently holds a significant amount of funds in the charity account for future developments. The charity will develop and refurbish the building it owns, which will include an Islamic learning centre and Sports/Community centre. We now have planning approval to develop the building and we aim to begin the building work very soon in compliance with planning law and conditions.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

Aspiring Communities is a registered charity and also a company limited by guarantee without share capital. Aspiring Communities was established in 2010. The Memorandum of Association and Articles of Association was incorporated on 8th October 2010. The charity number is 1141103 and the company registration number is 7401481.

Recruitment and appointment of new trustees

The trustees have the power to appoint any person to be a trustee in accordance with the provisions of the Trust Deed. An appointed trustee holds office within the limits permitted by law.

Organisational structure

The charity is managed by the directors. The details of the current directors are listed below:

Asjad Mahmood Yasir Mahmood Nadeem Mahammed Hanif Nazarbat Mahroof Jahan Zeb Ahmed

All major decisions are carried out through consultation and agreement with all the trustees.

Induction and training of new trustees

All new trustees are given, in the view of the board, sufficient training and have enough knowledge of their specific field to the understand the nature of the charity and fully comply with the charities current views of its progression. External training sessions are provided if required.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07401481 (England and Wales)

Registered Charity number

1141103

Registered office

49 Barkly Road Beeston Leeds LS11 7EN

Trustees

A Mahmood Y Mahmood N M Hanif N Mahroof J Z Ahmed

Company Secretary

Page 3

ASPIRING COMMUNITIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2020

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU

Bankers

Barclays Bank PLC Leicester LE87 2BB

Approved by order of the board of trustees on 23 July 2021 and signed on its behalf by:

A Mahmood - Trustee

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ASPIRING COMMUNITIES

Independent examiner's report to the trustees of Aspiring Communities ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2020.

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 accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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

  4. 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 charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Mrs Shamim Mahomed ICAEW SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU

23 July 2021

Page 5

ASPIRING COMMUNITIES

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2020

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Total
EXPENDITURE ON
Charitable activities
4
Support costs
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2020
Unrestricted
fund
£
353,711
-
353,711
494,222
(140,511)
2,144,449
2,003,938		 2019
Total
funds
£
355,541
558
356,099
359,061
(2,962)
2,147,411
2,144,449

The notes form part of these financial statements

Page 6

ASPIRING COMMUNITIES

BALANCE SHEET 31 OCTOBER 2020

Notes
FIXED ASSETS
Tangible assets
9
CURRENT ASSETS
Debtors
10
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
11
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
12
NET ASSETS
FUNDS
14
Unrestricted funds
TOTAL FUNDS		 2020
Unrestricted
fund
£
1,161,944
118,233
1,186,110
1,304,343
(133,652)
1,170,691
2,332,635
(328,697)
2,003,938
2,003,938
2,003,938		 2019
Total
funds
£
1,052,702
130,688
1,305,255
1,435,943
(18,624)
1,417,319
2,470,021
(325,572)
2,144,449
2,144,449
2,144,449

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 7

ASPIRING COMMUNITIES

BALANCE SHEET - continued 31 OCTOBER 2020

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 23 July 2021 and were signed on its behalf by:

A Mahmood - Trustee

The notes form part of these financial statements

Page 8

ASPIRING COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Land and property is not depreciated. Buildings are maintained to ensure that their value does not diminish over time. The maintenance costs are charged to profit and loss in the year incurred. In the trustees' opinion, depreciation would be immaterial and has not been charged.

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

Fixtures and Fittings - 15% on reducing balance

Taxation

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

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

Page 9

ASPIRING COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2020

2.
DONATIONS AND LEGACIES
Donations
Gift aid
3.
INVESTMENT INCOME
Interest received
4.
CHARITABLE ACTIVITIES COSTS
Support costs		 2020
£
323,604
30,107
353,711
2020
£
-		 2019
£
165,424
190,117
355,541
2019
£
558
Support
costs (see
note 5)
£
494,222

5. SUPPORT COSTS

Management
£
Support costs
475,644
Support costs, included in the above, are as follows:
Management
Event Expenses
Motor & Travel expenses
Telephone
Sundries
Insurance
Post and Stationery
Repairs and Renewals
Security and Site Management
Heat and Light
Rates and water
Carried forward		 Governance
Finance
costs
£
£
668
17,910
2020
Support
costs
£
326,772
1,994
509
133
5,865
281
11,489
124,200
2,877
709
474,829		 Totals
£
494,222
2019
Total
activities
£
341,990
3,039
293
13
5,224
21
1,920
-
1,083
485
354,068

continued...

Page 10

ASPIRING COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2020

5. SUPPORT COSTS - continued

Management - continued

Brought forward
Advertising
Depreciation of tangible and heritage assets
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 2020
Support
costs
£
474,829
-
815
475,644
2020
£
815		 2019
Total
activities
£
354,068
654
753
355,475
2019
£
754

6. NET INCOME/(EXPENDITURE)

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 October 2020 nor for the year ended 31 October 2019.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 October 2020 nor for the year ended 31 October 2019.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
Total
EXPENDITURE ON
Charitable activities
Support costs
NET INCOME/(EXPENDITURE)		 Unrestricted
fund
£
355,541
558
356,099
359,061
(2,962)

continued...

Page 11

ASPIRING COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2020

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
9.
TANGIBLE FIXED ASSETS
Improvements
Fixtures
Freehold
to
and
property
property
fittings
£
£
£
COST
At 1 November 2019
825,831
222,602
9,094
Additions
-
109,182
-
At 31 October 2020
825,831
331,784
9,094
DEPRECIATION
At 1 November 2019
-
-
4,825
Charge for year
-
-
640
At 31 October 2020
-
-
5,465
NET BOOK VALUE
At 31 October 2020
825,831
331,784
3,629
At 31 October 2019
825,831
222,602
4,269
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments		 Computer
equipment
£
-
875
875
-
175
175
700
-
2020
£
118,233
-
118,233		 Unrestricted
fund
£
2,147,411
2,144,449
Totals
£
1,057,527
110,057
1,167,584
4,825
815
5,640
1,161,944
1,052,702
2019
£
129,609
1,079
130,688

continued...

Page 12

ASPIRING COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2020

11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020
£
Trade creditors
132,572
Accrued expenses
1,080
133,652
12.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2020
£
Other loans (see note 13)
328,697
13.
LOANS
An analysis of the maturity of loans is given below:
2020
£
Amounts falling due between two and five years:
Other loans - 2-5 years
328,697
14.
MOVEMENT IN FUNDS
Net
At
movement
1/11/19
in funds
£
£
Unrestricted funds
General fund
2,144,449
(140,511)
TOTAL FUNDS
2,144,449
(140,511)
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
353,711
(494,222)
TOTAL FUNDS
353,711
(494,222)		 2019
£
17,544
1,080
18,624
2019
£
325,572
2019
£
325,572
At
31/10/20
£
2,003,938
2,003,938
Movement
in funds
£
(140,511)
(140,511)

continued...

Page 13

ASPIRING COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2020

14. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At
1/11/18
£
Unrestricted funds
General fund
2,147,411
TOTAL FUNDS
2,147,411
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
356,099
TOTAL FUNDS
356,099		 Net
movement
in funds
£
(2,962)
(2,962)
Resources
expended
£
(359,061)
(359,061)		 At
31/10/19
£
2,144,449		 At
31/10/19
£
2,144,449
2,144,449
Movement
in funds
£
(2,962)
(2,962)
(2,962)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 At
1/11/18
£
2,147,411
2,147,411		 Net
movement
in funds
£
(143,473)
(143,473)		 At
31/10/20
£
2,003,938
2,003,938

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
709,810
709,810		 Resources
Movement
expended
in funds
£
£
(853,283)
(143,473)
(853,283)
(143,473)		 Resources
Movement
expended
in funds
£
£
(853,283)
(143,473)
(853,283)
(143,473)
(143,473)

continued...

Page 14

ASPIRING COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2020

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 October 2020.

Page 15

ASPIRING COMMUNITIES

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2020

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Investment income
Interest received
Total incoming resources
EXPENDITURE
Support costs
Management
Event Expenses
Motor & Travel expenses
Telephone
Sundries
Insurance
Post and Stationery
Repairs and Renewals
Security and Site Management
Heat and Light
Rates and water
Advertising
Fixtures and fittings
Computer equipment
Finance
Bank charges
Governance costs
Accountancy
Legal & Professional
Total resources expended
Net expenditure		 2020
£
323,604
30,107
353,711
-
353,711
326,772
1,994
509
133
5,865
281
11,489
124,200
2,877
709
-
640
175
475,644
668
1,080
16,830
17,910
494,222
(140,511)		 2019
£
165,424
190,117
355,541
558
356,099
341,990
3,039
293
13
5,224
21
1,920
-
1,083
485
654
753
-
355,475
2,506
1,080
-
1,080
359,061
(2,962)

This page does not form part of the statutory financial statements

Page 16