Charity règistration number 1142976 (England and Wal•sl
Company registration number 07247238
ASPATRIA DREAMSCHEME LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

ASPATRIA DREAMSCHEME LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustèes
s i( Rawsinson
Mrs P Modey
Mrs A Greer
(Appointed 13 January 20251
Mr5 NM Myers
(Appointed 13 January 20251
Mrs B Wilson
(Appointed 13 January 20251
Mrs T McRea
(Appointed 13 January 20251
Secretary
Mis T Knight
Charity number (England and Wales)
1142978
Company number
07247238
Registered office
Aspatria Youih Club
Market Square
Aspath"a
Wigton
Cumbria
CA7 3EZ
Independent examinèr
Annstrong Watson LLP
Carfeton House
136 Gray Street
Workington
Cumbria
CA14 2LU

ASPATRIA DREAMSCHEME LIMITED
CONTENTS
P•ge
Trustees. repcxt
Independent examinerf5 report
Statemelll of financial aciivib.es
Balan￿ sheet
Notes to ihe financial statements
5-18

ASPATRIA DREAMSCHEME LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 AUGUST 2024
The trustees have adople(l the provisions of the Staiement of Recommended Practs"￿ ISORPI'Accounting and
Reporting by Charities. issued in March 2005 in p￿paring the annual Report and finanoal stalemenis ol the charity.
The organisalion Asp8tria Dreamscheme started in July 2003 & registered as a charity on 15 Augusl 2007.
The charity was constituted on 1 Oth May 2010 as a company limiled by guarantee and is the￿10￿ governed by a
memorandum and articles of asso(iab"on_ The COEllpany registered as a charity on 20th July 2011_
The charity's objects and its principal activities continue to be."
1. The provision of reC￿8￿"0nal and leisure b.me actsvilies provided in the interest of social welfa￿. designed to
improve the conditions of life.
Providing support and acb"vities whF¢h develop skills. capacibes and capabilitses to enable pa￿CipatiOn in
so¢iety as mature and responsible indiwduals.
3. The provision of opportunities lo explore cultural and $0(ial experien￿ with all sects'ons of the community
as part ol personal development.
4. To provide and assist in the provision of community facilib.es in Aspalria and its Distncl. in the Interest of social
welfare. for the education and leisure b.me activities of individuals who have a need for such la¢ililies by
reason of their youih. age, infimiity. disability or finar7cial hardship. wilh the objecb've of improving their Quality
of life
The officers to the Board of Trustees indude".
Mrs P Morfey (Chairl
Mrs K Rawlinson (Treasurer)
Mrs B Wilson ISeGretaryl
Through the last financial year a pnority of Aspatria Dieamscheme ¢onb"nued lo be the provison ol a facility for the
youth ofAspatria and Districtwhich gives young people the opportunity to develop Into young adults capable ol lac1ng
File's challenges. Youth Work is led by Linda Hunter who is supported by one other èmployee and asslsted by a
number of enthusiastic volunteers. Dreamscheme fflainfains its SU￿ss[u1 policy of giving appropriate youth club
members and adult members of the community the opportunity lo develop Into volunteers. Engagement work in both
Richmond Hill (Juniorl and Beacon Hill Community Iseniorl Schools has been particularfy successful.
Aspatria Dreamscheme is r)ow acDvely seeking lo ￿den its acb"vib"es into the area community development following
the successful F(x)d Pantry initiative started in spring of 2020. This Ventu￿ has inlorrned the need to provide a wider
range ol services to the adult population. As such A5patria D¥eamscheme purchased. in May 2022, Chapels Rest la
3 three storey premise in Aspatrial with the vision to lutn this into a community kitchen and Arts and crafts cenire for
both adults and Child￿n. The purchase was completed the a5SiStance of a mortgage from the Charity Bank. The
purchase has used all of Aspatria Dreamscheme savings. 11 is hop￿ the building will be fil lor purpose in Summer
2025.
Al the organisational level. the Board has developed an(5 strengthened ils membeiship. It Is clear that the overall
capacity of the Board to deliver projects and iniD"atives in line with its own stated aims and objectives is now
Considerably enhanced. A prionty for 2024-25 will be to build back the appropriate level of reserves whilst opening
the new Chapel Building. A revised resetves policy is currenuy being drafted." in the interim a Sum of £35.000 has
been identified as ihe minimum figure to be fflaintained in the Charity's reserves.
The Board ol Trustees are grateful lo all the people and organisatsons who have supported us ovef the course of the
year
The annual report was approved by the trustees ol the charity on
and signed on it5 behalf by..
Mrs P Mortey
(Chairl
FU6I1VI

ASPATRIA DREAMSCHEME LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ASPATRIA DREAMSCHEME LIMITED
I report lo the trustees on my examination of Ihe finanaal statements of Aspatria Dreamscheme ￿mited (the charity)
for the year ended 31 August 2024.
Responsibilities and basis of report
As the trustees of the charity {and also its direclors for the purposes of company lawl. you are responsible for the
prepardlion of the financial statements in accorda[￿£ with the requirements of the Companies Act 2006.
Having satisfied myself that ihe financjal stslements of Ihe charity are not required to be audited under Part 16 of the
Companies Act 2006 and are eligible for independent examination. I report in respect of my examination of the
charity's financial statements carried out under section 145 of the Charities Act 2011. In Carrying Out my examin8tion
I have followed the DI￿¢tionS given by the Charity Commission under section 145<5Xbl of the Charities Act 2011.
Independent examiner's statement
I have completed my examination. I confimi that no maliers have come to my attention in connection with the
examination giving ffle cause to believe that in any material respect..
accounting records were not kept in respe¢tofthe charity as wuired by section 386 of the Companies Act 2006.
the financial statements do not accord wth those records., or
the financial statemen15 do not comply vAth the accounting requirements of section 396 of the Companies Act
2006 other than any requirement thal the finan￿81 slalements give a true and fair view, which is not a matter
considered as part of an independent examination.. or
the financial statements have not been prepared in accordance wth the methods and principles of the Slalement
of Recommended Practice for accounting ar￿ ￿po￿ng by charities applicable to charities p￿parIng their
financial statements in accordance the Finanaal Reporting Slandard applicable in the UK and Republic of
Ireland IFRS 1021.
I have no concems and have come acT055 no other matters in connectson with the examination to which attention
should be drawn in this report in order lo enable a proper understsnding of the financial stslements to be reached.
Steven Kirkbride BFP FCA
Armstrong Watson LLP
Carleton House
136 Gray Street
Workinglon
Cumbria
CA14 2LU
Date..

ASPATRIA DREAMSCHEME LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2024
Unrestricted Restrictsd
funds
fvnds
2024
2024
Total un￿strICted Restrided
funds
funds
2023
2023
Total
2024
2023
Notss
Income from:
Donations and legacies
Charitable activities
Investments
44.265
162.852
207,117
31,149
210
218,134
249.283
210
Total income
Expenditure on-
Chantable aclivilies
Other expenditure
Total exp8nditure
46,371
8.694
117.864
164.235
39,844
133.992
173.836
6.092
10
Net incomel{expenditurel
Transfers between funds
Net movemant in funds
19.2271
445
44.988
445
35,761
114.5771
84.142
45 029
69.565
Reconciliation of funds=
Fund balances al 1 September
2023
Fund balances al 31 Augu51
2024
The statement ol finanaal a¢livibes includes all gains and losse5 re¢ognised in Ihe year. All income and expenditu
derive from continuing aclivib"es.

ASPATRIA DREAMSCHEME LIMITED
BALANCE SHEET
ASAT31 AUGUST2024
2024
2023
Notes
Fixed assets
Tangible assets
Current assets
Cash at bank and in hand
12
364.430
241.716
110.351
136.056
Creditors- #mounts falling due within one year
14
Net current assets
124 747
Total assats less current liabilities
408,311
366.463
Creditors= amounts falling due after more than
on8 year
Net assets
The funds of the charity
Reslncted income lunds
Unrestricted funds
18
19
166.709
160 924
122.166
169 706
The company Is entived lo the exemption tsom the audit requirernent coniained in section 477 01 the Companies Act
2006. for the year ended 31 August 2024.
The directors acknowledge their responsibilib"e5 for complying wilh the ￿qUIrefflents of the Companies Act 2006 with
respect to accounting re¢otds and the preparats.on ol finanual statemenis.
The meFnbers have not required the ￿MpanY to obtain an audit ol its financial statements for the year in question in
accordance with section 476.
These financial slalements have been prepared in accordance with the provisions applicable to companies subjecl lo
the small cornpanies regime.
The financial statements were approved by the trustees on
. LJilsC
Mrs P Mortey
Mrs B Wilson
Trustee
Trustee
Company registration number 07247238 (England and Wales)

ASPATRIA DREAMSCHEME LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2024
Accounting polFcie5
Charity information
Aspalria Dreamscheme Limited is a private company lirnitwj by guarantee incorporated in England and Wales.
The registered office is Aspalria Youth Club. Market Squaie. Aspatria, Wigton. Cumbria. CA7 3EZ.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document. the
Companies Act 2006. FRS 102 Yhe Finarscial Reporb"ng Standard applicable in the UK and Republic Df Sreland"
I"FRS 102,1 and the Chanlies SORP-Accounb"ng and Reporb"ng by Charib"es.' Slalefnent ol
Recommended Practice applicable to charib.es Pfeparing their a¢¢ounls In accordance with the Financial
Reporting Standard applicable in the UK and Republi¢ of Ireland {FRS 1021" leffectsve 1 January 20191. The
charity is a Public Benefit Enbty as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not lo prepare a Sktement of Cash
Flows.
The financial slaternents a￿ prepared in slerfing, whith is the functional currency of the charity. Monetary
amounts in these financial staiemenis are rounded to Ihe nearest £.
The financial slalernents have been prepared under the historical cost convents"on. The principal accounts'ng
policies adopted are sel out below.
1.2 Going concèrn
Al the lime ol approving the finan¢ial statements. Ihe trustees have a reasonable expectation that the charity
has adequate resources to conb.nue in operab.onal existence for the foreseeable future. Thus the truslees
continue to adopt the going concern basis of accounting in preparing the financial st8tements.
1.3 Charitable funds
Unrestricted funds are a¥ailable for use al the dis¢Tetson of the trustees in furtherance ol their charitable
objectives.
Restricted fLJnds are subject to specific condFtions by donors or grantors as to how they may be used. The
purposes and uses ol the restricted funds are sel out in ihe notes lo the financial staternentS.
Endowment funds are subject to specific conditions by donors ihal the capiial must be fflaintained by the charity.
1.4 Income
Income is recognised vrfhen the charity is legalty eno"Iled to il after any perfomance conditions have been mel.
the amounts can be measured reliably. and il is probable Ihal income will be ￿Ceived.
Cash donations are recognised on receipt. Other donatsons are recognised once the charity has been notified
ol the donation, unless performance condib.ons require deferral of the amount. Income tax recoverable in relab'on
lo donations received under Gift Aid or deeds ol ¢ovenant is recognised al the time ol Ihe donation.
Legacies are recognised on re￿Ipl or otherwise il the charity has been notrfied of an impending dislribulion. the
amount is known. and re￿Ipl is expected. If the amount Is not known. the legaw is Ireated as a contingent
asset.

ASPATRIA DREAMSCHEME LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Accounti-..g pclicias
Icontinued j
1.5 Expenditure
Expenditure is recognised once there is a legal or constnjctive obligab.on lo transfer economic benefit lo a ihird
party, it is probable that a transfer ol e¢onomic benefits will be required in setuernent. and the amount of the
obligation can be measured reliably_
Expenditure is classifred by aciivity. The ¢osls of each activity are macle up of the total of d*re¢l costs and shared
costs, including support costs involved in undertaking each activity. Oiie¢t costs attributable lo a single acb'vity
are allocated direcdy lo that activity- Share(1 costs which contribute lo more than one acts.vity and support costs
which are not attnbutsble lo a single activity are apporboned belween those acb"vilie5 on a basis conslstenl with
the use of resources. Central staff costs are allocated on ihe basis of time spent. and depreciation charges are
allocated on the ports.on of asset's use.
1.6 Tangib18 fixad assets
Tangible fixed assets are inits.ally measured at Cost and subsequenuy rneasu￿d al cost or valuation. nel of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases".
Fixtures and fiitings
25% reducing balance basis
The gain or loss arising on the disposal of an asset is detemined as the differen¢e be￿een the s8le proceeds
and the carying value of the 8s5el. and is ￿COgniSed in the statement of financial activities.
1.7 Impairment of fixed assets
Al each reporting end dale. the charity reviews the carrying amounts of its tangible assets to determine whether
there is any IndiGab"on that those assets have suffered an impaimienl loss. If any such indication exist5, the
recoverable amount of the asset is estsmated in order to determine the extent of the impairment loss lil any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand. depwt5 held at call with banks. Other short-lerrn liquid
investrnents with ollginal maturities of three month5 or less. and bank overdrafts. Bank overdraft5 are shown
within borrowin9s In current liabilib"es.
Basic financial assets
Basic financial assets. which include debtors and cash arx1 bank balances, are initially measured al transaction
price Including transaction costs and are subsequently carried at amortised cosl using the effeelive Interest
method unless the arrangement constitutes a financJng transacts"on. where the transaction Is measured al the
present value of the future receipts discounted al a market rate ol interest. Financial asseÉ classified as
receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilibes. including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transactson. where the debt instrument is measured at the presenl value
ol the luture payments disciyJnted at a market rale of interest. Financial liabilities classified as payable within
one ye8r are not amortised.
Debt Instruments are subsequently carried 8t arnortlsed cost. using Ihe effeGtive interest rate method.
Trade creditors are obligations lo pay lor gcx)ds or services that have been acquired in the ordinary course of
operations from supplier5. Amounts payable are classified as current liabilities il payment is due within one year
or less. If not. they are presented as non-current liabilities. Trade creditors are recognised Initially at Iransaclion
price and subsequently measured al amortised cost using the effective interest method.

ASPATRIA DREAMSCHEME LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies
(Continued)
Dere¢ognition of financial liabilities
Financial liabilities are derecognised when the charity's contrdclual obligations expire or are disGharged or
cancelled.
1.9 Employee beneffts
The cost of any unused holiday enlillement is re￿nised in the p&iod in which the employee's services are
r￿e1ve￿.
Termination benefits a￿ recognised immediately a5 an expense when the charity is demonstrably committed lo
lerminale the employmenl of an employee or to proville teminats.on benefits.
1.10 Retirernent bÈn¢fits
PayTrenls lo defined ¢ontribution retirement benefit schemes are ¢harged as an expense as they fall due.
Critical accounting estimates and judgements
In the application ol the charity's accounb.ng poli(>es. the trustees a￿ required to rnake judgements. estitnales
and assijmptions aboul the carrying amount ol assets and liabilities thaf are not readily apparent from other
sources. The estimates and associated assumptj.ons are based on historical experience other factors that
are considered lo be relevant. Aclual results may tjiffer from these estimates.
The eslimales and undertwng assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates a￿ recognised in the period in which the estsmate is revised where the revision affects only that
period, or in the period of the revision and luture periods where ihe revision affects both current and futu
periods.
Donations and legacies
Unrestricted Restricted
funds
funds
Total Unrestricted Reslri¢led
funds
funds
Total
2024
2024
2024
2Q23
2023
2023
Donations and gifts
Government grants
Membership lees
Less.. deferred income
Donated goods and ServI￿S
29.983
14.282
25.614
197.886
514
161.1621
55.597
212,168
514
{6T.1621
27.921
3.228
4.152
204,964
7,818
32.073
208.192
7,818
Income from charitable activities
2024
2023
Other Income
210

ASPATRIA DREAMSCHEME LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Income from investments
2024
2023
Interest receivable
1,573
Charitable Activities
Total
2024
Totsl
2023
Staff cosis
Depreciation and impaimient
Activities, trips and equipment
Direct costs
Hire ol plant and machinery
Other direcl costs and cost of tuck sh¢Jp
Rent and rates
Water rates
Light. heat and power
Insurance
Repairs and renewals
Telephone and Inlemel ¢harge
Advertising. printing and siationery
General expenses
Legal and professional fees
Accountancy lees
4e,248
2.228
39.191
32.837
34.443
2,530
50,547
52.635
213
6.328
1.266
754
8.737
6.291
3.727
714
291
990
1.183
5.187
860
10.567
6.943
8,345
1,057
6,677
Analysis by fund
Unrestricted funds
Reslri¢ted lunds
46.371
117864
39.844
133.992
Truste9S
None of the trustees lor any persons ¢onnected bwth Iheml received any remunerab.on or benefit5 frotn the
charity during the year.
Employees
The average monthly nurnbei of employees during the year was".
2024
Number
2023
Numb•r

ASPATRIA DREAMSCHEME LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Employment costs
2024
2023
Wages and salaries
Other pension costs
45,489
759
33,778
665
There We￿ no employees whose annual ￿muneratiOn was more than £60,000.
10 Other expenditure
2024
2023
Finanrirng costs
11
Taxation
The charity is exempt from taxation on its activib.es because all its income is applied for Charitable purposes.
12 Tangible fixÈd as$ets
Freehold land and Fixlures and
bulldings
fittings
Total
Cost
Al 1 September 2023
Additions
232.986
124 942
37.793 270,779
124942
Al 31 August 2024
Depreciation and impalm￿nt
Al 1 September 2023
Depreciation charged in the year
At 31 August 2024
29.063
2.228
29,063
Carrying amount
Al 31 Augvsl 2024
Al 31 Augusl 2023
13 Loans and ovèrdrafts
2024
2023
Bank loans
Payable within one year
Payable after one year
1,122
7.464

ASPATRIA DREAMSCHEME LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
14 Creditor5'. amounts falling due ￿thin one year
2024
2023
Notes
13
83nk loans
Other taxation and social security
Govemfflenl gran15
Accruals and ¢Jeferred income
1,122
1.984
61.162
7,464
1,138
16
15 Crgditors.. amounts falling due after more than one year
2024
2023
Notes
13
Bank loans
The long term bank loan secured against freehold property {fixed and floab.ng charges).
16 Restricted funds
The restncted lunds of ihe charity comprise the unexpended balances of donations and granls held on trust
subjecl lo specific conditions by donors as to how they may be used.
At1
Incoming
September
resources
2023
Rèsources Transfers
expended
At31
August 2024
Aspatria Junior FC
Butterfy club
Community Hobby Share
Friday Night Project IFYAI
Holiday A¢liviiy Fund
Men In Sheds (Making Men)
Rainbow PantrylRoom
Restart ProieGI
The Chapel
Fareshare
Activities & Equtpment
Allerdale Council One-ofl
GDF- LH Salary
AMF - Separate Fund
National Lottery - Awards For
All Pantry
Warm Hub
CYA Shelter
Charity Shop - Fencing
2.664
1.8
1.806
2.971
2.320
{4,9841
11.6551
11.6871
12.4321
{35.4661
15381
17081
113,5561
12.0871
16.2951
12.1761
14,4001
118,8771
11881
40
241
683
5.538
564
4.999
34.170
892
538
708
2.331
89,715
1,076
7.515
5.000
5,582
12.600
1.210
2.585
87,628
17,518
9.339
22.442
4.IX)O
295
16001
14.6101
26.744
10.054
9,039
9,866
19.905
834
23.220
19.3821
15021
(12.1311
10,523
332
13,417
2,328

ASPATRIA DREAMSCHEME LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
18 Re$trict•d funds
Contlnuedl
P￿vIOuS year-
At1
September
2022
Transfers
Incoming Resources
resources
expended
At31
August 2023
10.867
10.331
12,7531
(13.0131
11.059
125
14741
15.4191
19,173
2.664
Aspatn"a Junior FC
Building Refurbishment
Butterfty Club
Children In Need
Choi￿$
Community Hobby Share
Friday Night Project IFYAI
Healthy Meals Healthy Mind
Proiect
Holiday Activity Fund (HAFI
Life Skills Challenge
Men In Sheds (Making Men)
Rainbow Panlrylroom
Reach Out
Restricted Equipment Fund
Restart Project
The Chapel
4 o'clock Club
Cornmunity Hardship fund
Cumbna Fund
5.221
474
5.553
31.219
3.585
2.613
11.121
3.402
{1,6801
131,2191
11.1651
1891
13.1431
1,856
6.160
18,5801
1718}
111,0071
1,806
2,971
6.000
3,556
273
655
1.899
12.158
2,208
2.518
13,5561
13.2591
16551
985
14,1691
12,2081
12,5181
13,1371
36.077
132.6871
404
12.3461
129.6001
538
708
22.319
14.000
90.775
4.305
3.922
9,976
18,5321
11.0601
12.5191
{9621
3,2241
2,331
89,715
11.7861
12.9601
16.7521
83.053
218,134
1133.9921
145,0291
122.166
19 Unrestricted fvnds
The unrestricted fvnds of the charity compnse the unexpended balances of donatr.ons and grants which are
not subject to specific conditions by donors and grantor5 as to how they may be used These in¢lude
designated funds which have been set aslde out of Un￿Stricte£l funds by ihe trustees for specific pijrposes.
At1
Incoming
Resources TransfersAt 31 August
September
resources
expended
2024
2023
Living Life Together
Better Tomorrow5
General funds
85,263
4,992
79.451
255
691
501
85.518
7.833
15.090
30 748
112.9401

ASPATRIA DREAMSCHEME LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
19 Unrestricted funds
Icontinuèdl
Resources TransfersAt 31 August
expended
2023
Previous year-
At1
September
2022
Incoming
resources
83.404
1.859
85.263
Living Life Together
BetTrer Tomorrows
General funds
12,021
16.1201
19091
4,992
79 451
20 Purpose of Funds
The specific putposes foi which the funds a￿ lo be applied are as follows."
Restrfcted Funds."
Aspalna Juniors FC - To assist w¢h administrai¢on and financial arrangements for a local football club which
focuses on junior age groups. This allows the adults who run the club to focu5 upon activibes that directly benefit
the young children.
Butteffly Club - Funding lor a sm811 group of women who are ¢omrnitted to helping themselves and each other
to develop healthier happier lives.
Community Hobby Share - To develop and promote partiupatson in hobbies in the local community.
Friday Night Project- Funding for overheads. aclivib.es and sessional workeis.
Holiday Activity Fund This projecl is lunded by the Department lor Education lo provide additional support to
eligible familie5 to aC￿sS holiday activibes. School holiday5 can be a pa￿CuladY difficull and challenging lirne
for some families who may have limited a￿sS to activities. food or leaming opportunities.
Men in Sheds Imaking Men) - 'Making Men is a project that permit5 older men lo pursue practical Interests.
practice skills and enjoy making things with wood and repairing things. The aim Is to provide opportunities lor
older men to make social connecb"ons. friendship building, sharing skills. experience. and knowledge, and of
course a lol of Saughter
Rainbow Pantry- thi5 is our community pantry. whi¢h is open every Friday 51 weeks of the year. where we
provide food for members of our community lor a donabon.
Restart Project - The aim of this project to pfoactively support children who are beginning to disengage from
their education and so go on to achieve low aGademic atiainment.
The Chapel Funding towards the running and rna1ntenan￿ of The Chapel which will be opening shortly and
11 become our Community Kitchen and Art5 and Craft Cenl
Fareshare- funding for the pantry from Cumberfand building Souety via Fa￿Share
Acbvities and equipment- fun(Jing lor activities an¢ equipment across all projects
GDF- LH Salary - Funding lo cover LH Salary
AMF Separate Fund- funding given to us In holding when ATown Festtva15 Glosed down. We have not decide(J
where to alSocate il yet_
National Lottery- Awards For All Pantry- Ihis 15 funding to 5UPPOrt the delivery of the Rainbow Pantry.
CYA Shelter- A projecl where we are working wilh young people to develop an outdoor area undemealh the
youth club for them to use.
Charity Shop - Fencing, undemeaih the youth club to Pfepare a space to develop for the young people.

ASPATRIA DREAMSCHEME LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
20 Purpose of Funds
Designated Funds..
Beller Tomorrow - Funding towards youth support gmup within the area over a 3 year period.
Living life Together - To acquire the Capacity lo ddiver our 10-year Vision, which we have called 'Living Life
Togelherf. we have made an offer to PLJrchase a building that will provide us wth more actiwty space. Donations
were ￿ceiVed as contribution towards providing a Mortgage dep051t.
Restricted Funds that were utilised in the previous year
Building Refurbishment- Grants given to install new healing. finish off the kitchen and buy new seating.
Children in Need Fund - This funding was awarded to finance salaries of the charity.
Choices - The aim ol this projecl is to build up the resilience of young people lo say no to negative risk-taking
actions.
IContinu•dl
Life Skills Challenge - Funding through Cumbria Community FoLFndab'on lo support young people through a
range of challenges. both group and personal.
Reach out - To engage with young people outside of our existing youth work stnjcture in ordef to provide them
with informafion, support and activities that they are no¢ currenuy aC￿Ssing.
Youth & Community Development Posts - Funding provided by the Hadfield Trust to deliver sessional work
across several projects.
4 0'¢lock Club- Funding lo provide a wami hub lor young people
Community Hardship Fund - Funding Iof vouchers to hand out via the Pantry
Cumbria Fund - Funding towards youth workei hour5
21 Analysis of net a55ets between funds
Unrestrict8d
funds
2024
Restricted
fvnds
2024
Total
2024
At 31 August 2024:
Tangible assets
Current assetsllliabiliiTesl
Long term liabilities
363.530
1121.9281
900
165,809
364,430
43,881
Unrèstrictèd
funds
2023
Restricted
funds
2023
Total
2023
At 31 August 2023..
Tangible a55ets
Currenl asselsjlliabilitiesl
Long lerm Iiabililies
206.697
37.600
35.019 241,716
87,147 124,747
22
Related party transactions
There were no disclosable related party transactsons during the yeaf {2023 - none).