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 2021
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 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Cash Flow Statement | 8 | ||
| Notes to the Cash Flow Statement | 9 | ||
| Notes to the Financial Statements | 10 | to | 15 |
| Detailed Statement of Financial Activities | 16 |
ASPIRING COMMUNITIES
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2021
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 2021. 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:
-
To establish short term hiring, leasing and secure long term purchase of properties to function as community centres
-
Provision of community based activities and programmes based upon specific needs
-
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.
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ASPIRING COMMUNITIES
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2021
STRATEGIC REPORT
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:
-
Advancement of Communities
-
Advancement of Health
-
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.
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ASPIRING COMMUNITIES
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2021
STRATEGIC REPORT
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
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ASPIRING COMMUNITIES
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2021
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
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 19 July 2022 and signed on the board's 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 2021.
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:
-
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
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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 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
Date: .............................................
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ASPIRING COMMUNITIES
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Investment income 3 Total EXPENDITURE ON Charitable activities 4 Support costs Provision of Services Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2021 Unrestricted fund £ 760,181 27 760,208 331,310 470,457 801,767 (41,559) 2,003,938 1,962,379 |
2020 Total funds £ 353,711 - 353,711 494,222 - 494,222 (140,511) 2,144,449 2,003,938 |
|---|---|---|
The notes form part of these financial statements
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ASPIRING COMMUNITIES
BALANCE SHEET 31 OCTOBER 2021
| 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 |
2021 Unrestricted fund £ 1,171,130 180,008 1,341,072 1,521,080 (9,714) 1,511,366 2,682,496 (720,117) 1,962,379 1,962,379 1,962,379 |
2020 Total funds £ 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 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements were approved by the Board of Trustees and authorised for issue on 19 July 2022 and were signed on its behalf by:
The notes form part of these financial statements
A Mahmood - Trustee
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ASPIRING COMMUNITIES
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2021
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash used in operating activities Cash flows from investing activities Purchase of tangible fixed assets Interest received Net cash used in investing activities Cash flows from financing activities New loans in year Loan repayments in year Net cash provided by financing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2021 £ (226,615) (226,615) (9,870) 27 (9,843) 396,620 (5,200) 391,420 154,962 1,186,110 1,341,072 |
2020 £ (12,213) (12,213) (110,057) - (110,057) 179,170 (176,045) 3,125 (119,145) 1,305,255 1,186,110 |
|---|---|---|
The notes form part of these financial statements
Page 8
ASPIRING COMMUNITIES
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2021
1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net expenditure for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received (Increase)/decrease in debtors (Decrease)/increase in creditors Net cash used in operations |
2021 £ (41,559) 684 (27) (61,775) (123,938) (226,615) |
2020 £ (140,511) 815 - 12,455 115,028 (12,213) |
|---|---|---|
2. ANALYSIS OF CHANGES IN NET FUNDS
| Net cash Cash at bank and in hand Debt Debts falling due after 1 year Total |
At 1/11/20 £ 1,186,110 1,186,110 (328,697) (328,697) 857,413 |
Cash flow £ 154,962 154,962 (391,420) (391,420) (236,458) |
At 31/10/21 £ 1,341,072 1,341,072 (720,117) (720,117) 620,955 |
|---|---|---|---|
The notes form part of these financial statements
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ASPIRING COMMUNITIES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021
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.
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| Donations Gift aid |
2021 £ 698,405 61,776 760,181 |
2020 £ 323,604 30,107 |
| 353,711 |
continued...
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ASPIRING COMMUNITIES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2021
3. INVESTMENT INCOME
| INVESTMENT INCOME | |||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Interest received | 27 | - |
4. CHARITABLE ACTIVITIES COSTS
| CHARITABLE ACTIVITIES COSTS | |
|---|---|
| Support costs Provision of Services |
Support costs (see note 5) £ 331,310 470,457 |
| 801,767 |
5. SUPPORT COSTS
| SUPPORT COSTS | ||
|---|---|---|
| Management £ Support costs 323,183 Provision of Services 470,457 793,640 |
Governance Finance costs £ £ 922 7,205 - - 922 7,205 |
Totals £ 331,310 470,457 |
| 801,767 |
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 Depreciation of tangible and heritage assets |
Support costs £ - 3,114 280 460 4,923 872 12,058 298,008 1,532 1,252 684 323,183 |
Provision of Services £ 470,457 - - - - - - - - - - 470,457 |
2021 Total activities £ 470,457 3,114 280 460 4,923 872 12,058 298,008 1,532 1,252 684 793,640 |
2020 Total activities £ 326,772 1,994 509 133 5,865 281 11,489 124,200 2,877 709 815 |
|---|---|---|---|---|
| 475,644 |
continued...
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ASPIRING COMMUNITIES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2021
6. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 684 | 815 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2021 nor for the year ended 31 October 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2021 nor for the year ended 31 October 2020.
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Charitable activities Support costs NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 353,711 494,222 (140,511) 2,144,449 2,003,938 |
|---|---|
continued...
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ASPIRING COMMUNITIES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2021
9. TANGIBLE FIXED ASSETS
| Improvements Fixtures Freehold to and Computer property property fittings equipment £ £ £ £ COST At 1 November 2020 825,831 331,784 9,094 875 Additions - 9,870 - - At 31 October 2021 825,831 341,654 9,094 875 DEPRECIATION At 1 November 2020 - - 5,465 175 Charge for year - - 544 140 At 31 October 2021 - - 6,009 315 NET BOOK VALUE At 31 October 2021 825,831 341,654 3,085 560 At 31 October 2020 825,831 331,784 3,629 700 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 £ Other debtors 180,008 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 £ Trade creditors 8,634 Accrued expenses 1,080 9,714 12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2021 £ Other loans (see note 13) 720,117 13. LOANS An analysis of the maturity of loans is given below: 2021 £ Amounts falling due between two and five years: Other loans - 2-5 years 720,117 |
Totals £ 1,167,584 9,870 |
Totals £ 1,167,584 9,870 |
|---|---|---|
| 1,177,454 | ||
| 5,640 684 |
||
| 6,324 | ||
| 1,171,130 | ||
| 1,161,944 | ||
| 2020 £ 118,233 |
||
| 2020 £ 132,572 1,080 |
||
| 133,652 | ||
| 2020 £ 328,697 |
||
| 2020 £ 328,697 |
continued...
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ASPIRING COMMUNITIES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2021
14. MOVEMENT IN FUNDS
| At 1/11/20 £ Unrestricted funds General fund 2,003,938 TOTAL FUNDS 2,003,938 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 760,208 TOTAL FUNDS 760,208 Comparatives for movement in funds At 1/11/19 £ Unrestricted funds General fund 2,144,449 TOTAL FUNDS 2,144,449 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 353,711 TOTAL FUNDS 353,711 |
Net movement in funds £ (41,559) (41,559) Resources expended £ (801,767) (801,767) Net movement in funds £ (140,511) (140,511) Resources expended £ (494,222) (494,222) |
At 31/10/21 £ 1,962,379 1,962,379 Movement in funds £ (41,559) (41,559) At 31/10/20 £ 2,003,938 2,003,938 Movement in funds £ (140,511) (140,511) |
|
|---|---|---|---|
continued...
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ASPIRING COMMUNITIES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2021
14. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1/11/19 £ 2,144,449 2,144,449 |
Net movement in funds £ (182,070) (182,070) |
At 31/10/21 £ 1,962,379 |
|---|---|---|---|
| 1,962,379 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,113,919 | (1,295,989 ) | (182,070) |
| TOTAL FUNDS | 1,113,919 | (1,295,989 ) | (182,070) |
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2021.
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ASPIRING COMMUNITIES
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2021
| 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 Fixtures and fittings Computer equipment Finance Bank charges Governance costs Accountancy Legal & Professional Total resources expended Net expenditure |
2021 £ 698,405 61,776 760,181 27 760,208 470,457 3,114 280 460 4,923 872 12,058 298,008 1,532 1,252 544 140 793,640 922 1,080 6,125 7,205 801,767 (41,559) |
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) |
|---|---|---|
This page does not form part of the statutory financial statements
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