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2025-10-31-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 2025

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 2025

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 2025

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 2025. 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 2025

ACHIEVEMENTS 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 2025

FUTURE PLANS

The additional property, formerly the Passmore Commercial Unit, is currently not in active use. The trustee's are evaluating options for the asset, including potential disposal or redevelopment, with the aim of maximising long term value for the charity. Should redevelopment be pursued, the property is expected to be leased to generate income.

The trustees are also considering further property acquisitions, where appropriate to strengthen the charity's financial stability.

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 2025

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 28 July 2026 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 2025.

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

28 July 2026

Page 5

ASPIRING COMMUNITIES

Statement of Financial Activities FOR THE YEAR ENDED 31 OCTOBER 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Other income
Total
EXPENDITURE ON
Charitable activities
4
Support costs
Provision of Services
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
2025
Unrestricted
fund
£
720,720
2,899
971
724,590
276,182
-
276,182
448,408
1,736,282
2,184,690
2024
Total
funds
£
702,644
7,170
-
709,814
67,434
289,758
357,192
352,622
1,383,660
1,736,282

The notes form part of these financial statements

Page 6

ASPIRING COMMUNITIES

Balance Sheet 31 OCTOBER 2025

Notes
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Debtors
11
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
13
NET ASSETS
FUNDS
15
Unrestricted funds
TOTAL FUNDS
2025
Unrestricted
fund
£
2,358,480
47,619
402,575
450,194
(1,814)
448,380
2,806,860
(622,170)
2,184,690
2,184,690
2,184,690
2024
Total
funds
£
2,192,632
52,396
349,523
401,919
(3,634)
398,285
2,590,917
(854,635)
1,736,282
1,736,282
1,736,282

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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 2025

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 28 July 2026 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 2025

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
Loan repayments in year
Loan converted into donations
Net cash 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
2025
£
448,822
448,822
(166,204)
2,899
(163,305)
(79,840)
(152,625)
(232,465)
53,052
349,523
402,575
2024
£
238,328
238,328
(940,451)
7,170
(933,281)
(48,805)
(153,402)
(202,207)
(897,160)
1,246,683
349,523

The notes form part of these financial statements

Page 9

ASPIRING COMMUNITIES

Notes to the Cash Flow Statement FOR THE YEAR ENDED 31 OCTOBER 2025

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2025 2024
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 448,408 352,622
Adjustments for:
Depreciation charges 356 406
Interest received (2,899) (7,170)
Decrease in debtors 4,777 25,261
Decrease in creditors (1,820) (132,791)
Net cash provided by operations 448,822 238,328
2. ANALYSIS OF CHANGES IN NET DEBT
At 1/11/24 Cash flow At 31/10/25
£ £ £
Net cash
Cash at bank and in hand 349,523 53,052 402,575
349,523 53,052 402,575
Debt
Debts falling due after 1 year (854,635) 232,465 (622,170)
(854,635) 232,465 (622,170)
Total (505,112) 285,517 (219,595)

The notes form part of these financial statements

Page 10

ASPIRING COMMUNITIES

Notes to the Financial Statements FOR THE YEAR ENDED 31 OCTOBER 2025

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...

Page 11

ASPIRING COMMUNITIES

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 OCTOBER 2025

2. DONATIONS AND LEGACIES

Donations
Gift aid
3.
INVESTMENT INCOME
Interest Received
4.
CHARITABLE ACTIVITIES COSTS
Support costs
5.
SUPPORT COSTS
Management
£
Support costs
269,822
Support costs, included in the above, are as follows:
Management
Wages
Iftaar Campaign
Event Expenses
Motor & Travel expenses
Telephone
Sundries
Insurance
Post and Stationery
Repairs and Renewals
Heat and Light
Rates and water
Depreciation of tangible and heritage assets
2025
£
659,271
61,449
720,720
2025
£
2,899
Governance
Finance
costs
£
£
2,406
3,954
2025
Support
costs
£
30,495
150,000
36,672
1,981
713
-
13,639
338
22,231
11,552
1,845
356
269,822
2024
£
635,326
67,318
702,644
2024
£
7,170
Support
costs (see
note 5)
£
276,182
Totals
£
276,182
2024
Total
activities
£
11,939
243,775
45,983
5,727
585
823
19,593
391
16,097
4,914
2,619
406
352,852

continued...

Page 12

ASPIRING COMMUNITIES

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 OCTOBER 2025

6. NET INCOME/(EXPENDITURE)

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

2025 2024
£ £
Depreciation - owned assets 356 406

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 October 2025 nor for the year ended 31 October 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 October 2025 nor for the year ended 31 October 2024.

8. STAFF COSTS

Wages and salaries
The average monthly number of employees during the year was as follows:
Number of employees
No employees received emoluments in excess of £60,000.
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
2025
£
30,495
30,495
2025
1
2024
£
11,939
11,939
2024
1
Unrestricted
fund
£
702,644
7,170
709,814
67,434
289,758
357,192
352,622

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

continued...

Page 13

ASPIRING COMMUNITIES

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 OCTOBER 2025

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
TANGIBLE FIXED ASSETS
Freehold
property
£
COST OR VALUATION
At 1 November 2024
1,377,488
Additions
-
At 31 October 2025
1,377,488
DEPRECIATION
At 1 November 2024
-
Charge for year
-
At 31 October 2025
-
NET BOOK VALUE
At 31 October 2025
1,377,488
At 31 October 2024
1,377,488
Improvements
to
property
£
812,963
166,204
979,167
-
-
-
979,167
812,963
Fixtures
and
fittings
£
9,094
-
9,094
7,200
284
7,484
1,610
1,894
Computer
equipment
£
875
-
875
588
72
660
215
287
Unrestricted
fund
£
1,383,660
1,736,282
Totals
£
2,200,420
166,204
2,366,624
7,788
356
8,144
2,358,480
2,192,632

10. TANGIBLE FIXED ASSETS

Cost or valuation at 31 October 2025 is represented by:

Valuation in 2023
Cost
Freehold
property
£
(1,010,561 )
2,388,049
1,377,488
Improvements
to
property
£
-
979,167
979,167
Fixtures
and
fittings
£
-
9,094
9,094
Computer
equipment
£
-
875
875
Totals
£
(1,010,561 )
3,377,185
2,366,624

continued...

Page 14

ASPIRING COMMUNITIES

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 OCTOBER 2025

10. 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
2025
£
2,260,561
1,250,000
2024
£
2,260,561
1,250,000

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.

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025
£
Other debtors
47,619
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
£
Trade creditors
(1)
Social security and other taxes
360
Other creditors
15
Accrued expenses
1,440
1,814
13.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025
£
Other loans (see note 14)
622,170
14.
LOANS
An analysis of the maturity of loans is given below:
2025
£
Amounts falling due between two and five years:
Other loans - 2-5 years
622,170
2024
£
52,396
2024
£
-
289
1,905
1,440
3,634
2024
£
854,635
2024
£
52,396
2024
£
52,396
2024
£
-
289
1,905
1,440
3,634
2024
£
854,635

Page 15

continued...

ASPIRING COMMUNITIES

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 OCTOBER 2025

15. MOVEMENT IN FUNDS

At
1/11/24
£
Unrestricted funds
General fund
1,736,282
TOTAL FUNDS
1,736,282
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
724,590
TOTAL FUNDS
724,590
Comparatives for movement in funds
At
1/11/23
£
Unrestricted funds
General fund
1,383,660
TOTAL FUNDS
1,383,660
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
709,814
TOTAL FUNDS
709,814
Net
movement
in funds
£
448,408
448,408
Resources
expended
£
(276,182)
(276,182)
Net
movement
in funds
£
352,622
352,622
Resources
expended
£
(357,192)
(357,192)
At
31/10/25
£
2,184,690
2,184,690
Movement
in funds
£
448,408
448,408
At
31/10/24
£
1,736,282
1,736,282
Movement
in funds
£
352,622
352,622

Page 16

continued...

ASPIRING COMMUNITIES

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 OCTOBER 2025

15. 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
1/11/23
£
1,383,660
1,383,660
Net
movement
in funds
£
801,030
801,030
At
31/10/25
£
2,184,690
2,184,690

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

Incoming
resources
£
Unrestricted funds
General fund
1,434,404
TOTAL FUNDS
1,434,404
Resources
Movement
expended
in funds
£
£
(633,374)
801,030
(633,374)
801,030
Resources
Movement
expended
in funds
£
£
(633,374)
801,030
(633,374)
801,030
801,030

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 October 2025.

Page 17

ASPIRING COMMUNITIES

Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 OCTOBER 2025

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Investment income
Interest Received
Other income
Sundry receipts
Total incoming resources
EXPENDITURE
Support costs
Management
Wages
Iftaar Campaign
Event Expenses
Motor & Travel expenses
Telephone
Sundries
Insurance
Post and Stationery
Repairs and Renewals
Heat and Light
Rates and water
Fixtures and fittings
Computer equipment
Finance
Bank charges
Governance costs
Accountancy
Legal & Professional
Total resources expended
Net income
2025
£
659,271
61,449
720,720
2,899
971
724,590
30,495
150,000
36,672
1,981
713
-
13,639
338
22,231
11,552
1,845
284
72
269,822
2,406
2,946
1,008
3,954
276,182
448,408
2024
£
635,326
67,318
702,644
7,170
-
709,814
11,939
243,775
45,983
5,727
585
823
19,593
391
16,097
4,914
2,619
334
72
352,852
1,520
2,340
480
2,820
357,192
352,622

This page does not form part of the statutory financial statements

Page 18