OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-10-31-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 2022

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 2022

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 2022

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 2022. 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 a community centre

  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 out with the areas of operation.

International Tour Expenses

International group travel is where individuals have paid into the charity bank account and the charity have made a payment or bulk payments to tour guides, tour agencies, flights and hotels etc.

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 2022

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:

  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 2022

STRATEGIC REPORT

Future plans

The charity currently holds a significant amount of funds in the charity account relating to the new main development at the Icepack site.

Works are currently ongoing, with significant demolition, preparation having been completed, with further construction works underway and continuing in accordance with the approved planning permission conditions.

The site is expected to become operational by Q4 2023 or early 2024.

The additional building, the ex Passmore Commercial Unit, will remain dormant until future plans are established to maximise the return and revenues for the charity, with the main focus and priority the Icepack site development.

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:

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 (resigned 11/9/22) Y Mahmood (resigned 3/9/22) N M Hanif N Mahroof J Z Ahmed

Page 3

ASPIRING COMMUNITIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2022

REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary

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 27 July 2023 and signed on the board's behalf by:

N M Hanif - 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 2022.

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 member of the Institute of Chartered Accountants in England and Wales, 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

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

27 July 2023

Page 5

ASPIRING COMMUNITIES

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2022

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		 2022
Unrestricted
fund
£
596,777
1,871
598,648
475,765
-
475,765
122,883
1,962,379
2,085,262		 2021
Total
funds
£
760,181
27
760,208
331,310
470,457
801,767
(41,559)
2,003,938
1,962,379

The notes form part of these financial statements

Page 6

ASPIRING COMMUNITIES

BALANCE SHEET 31 OCTOBER 2022

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		 2022
Unrestricted
fund
£
1,265,642
59,731
1,486,594
1,546,325
(47,548)
1,498,777
2,764,419
(679,157)
2,085,262
2,085,262
2,085,262		 2021
Total
funds
£
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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The financial statements were approved by the Board of Trustees and authorised for issue on 27 July 2023 and were signed on its behalf by:

The notes form part of these financial statements

N M Hanif - Trustee

Page 7

ASPIRING COMMUNITIES

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2022

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by/(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
Loan converted into donations
Net cash (used in)/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		 2022
£
279,698
279,698
(95,087)
1,871
(93,216)
22,500
(42,000)
(21,460)
(40,960)
145,522
1,341,072
1,486,594		 2021
£
(226,615)
(226,615)
(9,870)
27
(9,843)
396,620
(5,200)
-
391,420
154,962
1,186,110
1,341,072

The notes form part of these financial statements

Page 8

ASPIRING COMMUNITIES

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2022

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operations
2.
ANALYSIS OF CHANGES IN NET FUNDS
Net cash
Cash at bank and in hand
Debt
Debts falling due after 1 year
Total		 At 1/11/21
£
1,341,072
1,341,072
(720,117)
(720,117)
620,955		 2022
£
122,883
575
(1,871)
120,277
37,834
279,698
Cash flow
£
145,522
145,522
40,960
40,960
186,482		 2021
£
(41,559)
684
(27)
(61,775)
(123,938)
(226,615)
At 31/10/22
£
1,486,594
1,486,594
(679,157)
(679,157)
807,437

The notes form part of these financial statements

Page 9

ASPIRING COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

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		 2022
£
536,333
60,444
596,777		 2021
£
698,405
61,776
760,181

continued...

Page 10

ASPIRING COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2022

3. INVESTMENT INCOME

INVESTMENT INCOME
2022 2021
£ £
Int rec'd - HMRC re Gift Aid 1,871 27
CHARITABLE ACTIVITIES COSTS
Support
costs (see
note 5)
£
Support costs 475,765

4. CHARITABLE ACTIVITIES COSTS

5. SUPPORT COSTS

Management
£
Support costs
464,146
Support costs, included in the above, are as follows:
Management
Iftaar Campaign
Event Expenses
Motor & Travel expenses
Telephone
International Tours Expenses
Sundries
Insurance
Post and Stationery
Repairs and Renewals
Security and Site Management
Heat and Light
Rates and water
IT Cost
Depreciation of tangible and heritage assets		 Governance
Finance
costs
£
£
945
10,674
2022
Support
costs
£
196,500
197,558
7,447
304
24,419
175
5,211
2,698
26,357
-
1,216
936
750
575
464,146		 Totals
£
475,765
2021
Total
activities
£
232,000
202,011
3,114
280
36,446
460
4,923
872
12,058
298,008
1,532
1,252
-
684
793,640

continued...

Page 11

ASPIRING COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2022

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2022 2021
£ £
Depreciation - owned assets 575 684

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 October 2022 nor for the year ended 31 October 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 October 2022 nor for the year ended 31 October 2021.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
Total
EXPENDITURE ON
Charitable activities
Support costs
Provision of Services
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
760,181
27
760,208
331,310
470,457
801,767
(41,559)
2,003,938
1,962,379

continued...

Page 12

ASPIRING COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2022

9. TANGIBLE FIXED ASSETS

Improvements
Fixtures
Freehold
to
and
Computer
property
property
fittings
equipment
£
£
£
£
COST
At 1 November 2021
825,831
341,654
9,094
875
Additions
-
95,087
-
-
At 31 October 2022
825,831
436,741
9,094
875
DEPRECIATION
At 1 November 2021
-
-
6,009
315
Charge for year
-
-
463
112
At 31 October 2022
-
-
6,472
427
NET BOOK VALUE
At 31 October 2022
825,831
436,741
2,622
448
At 31 October 2021
825,831
341,654
3,085
560
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
£
Other debtors
59,731
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
£
Trade creditors
46,468
Accrued expenses
1,080
47,548
12.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022
£
Other loans (see note 13)
679,157
13.
LOANS
An analysis of the maturity of loans is given below:
2022
£
Amounts falling due between two and five years:
Other loans - 2-5 years
679,157		 Totals
£
1,177,454
95,087		 Totals
£
1,177,454
95,087		 Totals
£
1,177,454
95,087
1,272,541
6,324
575
6,899
1,265,642
1,171,130
2021
£
180,008
2021
£
8,634
1,080
9,714
2021
£
720,117		 2021
£
8,634
1,080
9,714
2021
£
720,117

continued...

Page 13

ASPIRING COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2022

14. MOVEMENT IN FUNDS

At
1/11/21
£
Unrestricted funds
General fund
1,962,379
TOTAL FUNDS
1,962,379
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
598,648
TOTAL FUNDS
598,648
Comparatives for movement in funds
At
1/11/20
£
Unrestricted funds
General fund
2,003,938
TOTAL FUNDS
2,003,938
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
760,208
TOTAL FUNDS
760,208		 Net
movement
in funds
£
122,883
122,883
Resources
expended
£
(475,765)
(475,765)
Net
movement
in funds
£
(41,559)
(41,559)
Resources
expended
£
(801,767)
(801,767)		 At
31/10/22
£
2,085,262
2,085,262
Movement
in funds
£
122,883
122,883
At
31/10/21
£
1,962,379
1,962,379
Movement
in funds
£
(41,559)
(41,559)

continued...

Page 14

ASPIRING COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2022

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
1/11/20
£
2,003,938
2,003,938		 Net
movement
in funds
£
81,324
81,324		 At
31/10/22
£
2,085,262
2,085,262

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 1,358,856 (1,277,532 ) 81,324
TOTAL FUNDS 1,358,856 (1,277,532 ) 81,324

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 October 2022.

Page 15

ASPIRING COMMUNITIES

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2022

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Investment income
Int rec'd - HMRC re Gift Aid
Total incoming resources
EXPENDITURE
Support costs
Management
Iftaar Campaign
Event Expenses
Motor & Travel expenses
Telephone
International Tours Expenses
Sundries
Insurance
Post and Stationery
Repairs and Renewals
Security and Site Management
Heat and Light
Rates and water
IT Cost
Fixtures and fittings
Computer equipment
Finance
Bank charges
Governance costs
Accountancy
Legal & Professional
Total resources expended
Net income/(expenditure)		 2022
£
536,333
60,444
596,777
1,871
598,648
196,500
197,558
7,447
304
24,419
175
5,211
2,698
26,357
-
1,216
936
750
463
112
464,146
945
1,080
9,594
10,674
475,765
122,883		 2021
£
698,405
61,776
760,181
27
760,208
232,000
202,011
3,114
280
36,446
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)

This page does not form part of the statutory financial statements

Page 16