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 2023
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 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | to | 8 |
| Cash Flow Statement | 9 | ||
| Notes to the Cash Flow Statement | 10 | ||
| Notes to the Financial Statements | 11 | to | 17 |
| Detailed Statement of Financial Activities | 18 |
ASPIRING COMMUNITIES
Report of the Trustees FOR THE YEAR ENDED 31 OCTOBER 2023
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 2023. 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 a community centre
-
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 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 2023
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.
Page 2
ASPIRING COMMUNITIES
Report of the Trustees FOR THE YEAR ENDED 31 OCTOBER 2023
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 further building works and renovation underway and continuing in accordance with the approved planning permission conditions.
The site is now expected to become operational by Q4 2024 or early 2025, extending the previously envisaged timeline of 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
N M Hanif N Mahroof J Z Ahmed
Company Secretary
Page 3
ASPIRING COMMUNITIES
Report of the Trustees FOR THE YEAR ENDED 31 OCTOBER 2023
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 ............................................. and signed on its 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 2023.
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to 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
Date: .............................................
Page 5
ASPIRING COMMUNITIES
Statement of Financial Activities FOR THE YEAR ENDED 31 OCTOBER 2023
| 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 Other recognised gains/(losses) Gains/(losses) on revaluation of fixed assets Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2023 Unrestricted fund £ 657,421 2,546 659,967 59,711 291,297 351,008 308,959 (1,010,561 ) (701,602) 2,085,262 1,383,660 |
2022 Total funds £ 596,777 1,871 |
|---|---|---|
| 598,648 | ||
| 475,765 - |
||
| 475,765 | ||
| 122,883 - |
||
| 122,883 1,962,379 |
||
| 2,085,262 |
The notes form part of these financial statements
Page 6
ASPIRING COMMUNITIES
Balance Sheet 31 OCTOBER 2023
| 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 |
2023 Unrestricted fund £ 1,252,587 77,657 1,246,683 1,324,340 (136,425) 1,187,915 2,440,502 (1,056,842 ) 1,383,660 1,383,660 1,383,660 |
2022 Total funds £ 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 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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 notes form part of these financial statements
continued...
Page 7
ASPIRING COMMUNITIES
Balance Sheet - continued 31 OCTOBER 2023
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 ............................................. and were signed on its behalf by:
............................................. N M Hanif - Trustee
The notes form part of these financial statements
Page 8
ASPIRING COMMUNITIES
Cash Flow Statement FOR THE YEAR ENDED 31 OCTOBER 2023
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by 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 provided by/(used in) 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 |
2023 £ 377,847 377,847 (997,989) 2,546 (995,443) 400,185 (20,000) (2,500) 377,685 (239,911) 1,486,594 1,246,683 |
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 |
|---|---|---|
The notes form part of these financial statements
Page 9
ASPIRING COMMUNITIES
Notes to the Cash Flow Statement FOR THE YEAR ENDED 31 OCTOBER 2023
| 1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
|---|---|---|---|---|
| 2023 | 2022 | |||
| £ | £ | |||
| Net income for the reporting period (as per the Statement of Financial | ||||
| Activities) | 308,959 | 122,883 | ||
| Adjustments for: | ||||
| Depreciation charges | 483 | 575 | ||
| Interest received | (2,546) | (1,871) | ||
| (Increase)/decrease in debtors | (17,926) | 120,277 | ||
| Increase in creditors | 88,877 | 37,834 | ||
| Net cash provided by operations | 377,847 | 279,698 | ||
| 2. | ANALYSIS OF CHANGES IN NET FUNDS | |||
| At 1/11/22 | Cash flow | At 31/10/23 | ||
| £ | £ | £ | ||
| Net cash | ||||
| Cash at bank and in hand | 1,486,594 | (239,911) | 1,246,683 | |
| 1,486,594 | (239,911) | 1,246,683 | ||
| Debt | ||||
| Debts falling due after 1 year | (679,157) | (377,685) | (1,056,842 ) | |
| (679,157) | (377,685) | (1,056,842 ) | ||
| Total | 807,437 | (617,596) | 189,841 |
The notes form part of these financial statements
Page 10
ASPIRING COMMUNITIES
Notes to the Financial Statements FOR THE YEAR ENDED 31 OCTOBER 2023
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, as modified by the revaluation of certain assets.
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...
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ASPIRING COMMUNITIES
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 OCTOBER 2023
2. DONATIONS AND LEGACIES
| Donations Gift aid 3. INVESTMENT INCOME Interest Received 4. CHARITABLE ACTIVITIES COSTS Support costs Provision of Services |
2023 £ 575,993 81,428 657,421 2023 £ 2,546 |
2022 £ 536,333 60,444 |
|---|---|---|
| 596,777 | ||
| 2022 £ 1,871 Support costs (see note 5) £ 59,711 291,297 |
||
| 351,008 |
| 5. SUPPORT COSTS Management £ Support costs 43,742 Provision of Services 291,297 335,039 Support costs, included in the above, are as follows: Management Support costs £ Iftaar Campaign - Event Expenses - Motor & Travel expenses 8,535 Telephone 488 International Tours Expenses - Sundries 185 Insurance 12,168 Post and Stationery 7 Repairs and Renewals 16,234 Carried forward 37,617 |
Governance Finance costs £ £ 2,495 13,474 - - 2,495 13,474 2023 Provision of Total Services activities £ £ 102,644 102,644 188,653 188,653 - 8,535 - 488 - - - 185 - 12,168 - 7 - 16,234 291,297 328,914 |
Totals £ 59,711 291,297 |
|---|---|---|
| 351,008 | ||
| 2022 Total activities £ 196,500 197,558 7,447 304 24,419 175 5,211 2,698 26,357 |
||
| 460,669 |
continued...
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ASPIRING COMMUNITIES
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 OCTOBER 2023
5. SUPPORT COSTS - continued
Management - continued
| Brought forward Heat and Light Rates and water IT Cost Depreciation of tangible and heritage assets |
Support costs £ 37,617 5,628 14 - 483 43,742 |
Provision of Services £ 291,297 - - - - 291,297 |
2023 Total activities £ 328,914 5,628 14 - 483 335,039 |
2022 Total activities £ 460,669 1,216 936 750 575 |
|---|---|---|---|---|
| 464,146 |
6. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 483 | 575 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2023 nor for the year ended 31 October 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2023 nor for the year ended 31 October 2022.
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 |
Unrestricted fund £ 596,777 1,871 |
|---|---|
| 598,648 | |
| 475,765 | |
| 122,883 |
continued...
Page 13
ASPIRING COMMUNITIES
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 OCTOBER 2023
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|
| RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 1,962,379 |
| 2,085,262 |
| 9. TANGIBLE FIXED ASSETS COST OR VALUATION At 1 November 2022 Additions Revaluations Reclassification At 31 October 2023 DEPRECIATION At 1 November 2022 Charge for year At 31 October 2023 NET BOOK VALUE At 31 October 2023 At 31 October 2022 |
Freehold property £ 825,831 997,989 (1,010,561 ) 436,741 1,250,000 - - - 1,250,000 825,831 |
Improvements to property £ 436,741 - - (436,741) - - - - - 436,741 |
Fixtures and fittings £ 9,094 - - - 9,094 6,472 393 6,865 2,229 2,622 |
Computer equipment £ 875 - - - 875 427 90 517 358 448 |
Totals £ 1,272,541 997,989 (1,010,561 ) - 1,259,969 6,899 483 7,382 1,252,587 1,265,642 |
|---|---|---|---|---|---|
Cost or valuation at 31 October 2023 is represented by:
| Valuation in 2023 Cost |
Freehold property £ (1,010,561 ) 2,260,561 1,250,000 |
Fixtures and fittings £ - 9,094 9,094 |
Computer equipment £ - 875 875 |
Totals £ (1,010,561 ) 2,270,530 1,259,969 |
|---|---|---|---|---|
continued...
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ASPIRING COMMUNITIES
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 OCTOBER 2023
9. TANGIBLE FIXED ASSETS - continued
If freehold land and buildings had not been revalued they would have been included at the following historical cost:
| Cost Value of land in freehold land and buildings |
2023 £ 2,260,561 1,250,000 |
2022 £ - |
|---|---|---|
| - |
Freehold land and buildings were valued on an open market basis on 7 August 2024 by Tapp Chartered Surveyors.
The freehold property has been valued on 7th August 2024 as at 31st October 2023. This valuation was carried out by an independent surveyor.
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2023 £ Other debtors 68,361 Prepayments 9,296 77,657 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Trade creditors 135,345 Accrued expenses 1,080 136,425 12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2023 £ Other loans (see note 13) 1,056,842 |
2022 £ 59,731 - |
|
|---|---|---|
| 59,731 | ||
| 2022 £ 46,468 1,080 |
||
| 47,548 | ||
| 2022 £ 679,157 |
Page 15
continued...
ASPIRING COMMUNITIES
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 OCTOBER 2023
13. LOANS
An analysis of the maturity of loans is given below:
| Amounts falling due between two and five years: Other loans - 2-5 years 14. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are Unrestricted funds General fund TOTAL FUNDS |
as follows: Incoming resources £ 659,967 659,967 |
At 1/11/22 £ 2,085,262 2,085,262 Resources expended £ (351,008) (351,008) |
2023 £ 1,056,842 Net movement in funds £ (701,602) (701,602) Gains and losses £ (1,010,561 ) (1,010,561 ) |
2022 £ 679,157 |
|---|---|---|---|---|
| At 31/10/23 £ 1,383,660 |
||||
| 1,383,660 | ||||
| Movement in funds £ (701,602) |
||||
| (701,602) |
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
At 1/11/21 £ 1,962,379 1,962,379 |
Net movement in funds £ 122,883 122,883 |
At 31/10/22 £ 2,085,262 |
|---|---|---|---|
| 2,085,262 |
Page 16
continued...
ASPIRING COMMUNITIES
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 OCTOBER 2023
14. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 598,648 598,648 |
Resources Movement expended in funds £ £ (475,765) 122,883 (475,765) 122,883 |
Resources Movement expended in funds £ £ (475,765) 122,883 (475,765) 122,883 |
|---|---|---|---|
| 122,883 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1/11/21 £ 1,962,379 1,962,379 |
Net movement in funds £ (578,719) (578,719) |
At 31/10/23 £ 1,383,660 |
|---|---|---|---|
| 1,383,660 |
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 £ 1,258,615 1,258,615 |
Resources expended £ (826,773) (826,773) |
Gains and losses £ (1,010,561 ) (1,010,561 ) |
Movement in funds £ (578,719) |
|---|---|---|---|---|
| (578,719) |
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2023.
Page 17
ASPIRING COMMUNITIES
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 OCTOBER 2023
| INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Investment income Interest Received 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 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 |
2023 £ 575,993 81,428 657,421 2,546 659,967 102,644 188,653 8,535 488 - 185 12,168 7 16,234 5,628 14 - 393 90 335,039 2,495 1,080 12,394 13,474 351,008 308,959 |
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 |
This page does not form part of the statutory financial statements
Page 18