REGISTERED COMPANY NUMBER: 0770fj739 (England gnd Walt$)
RECISTERED CHARITY NUMBER: 1147877
THE
NA
L STAT
ORT
CIMriot Hoiise Limiled
Cliarter¢d A¢couiit£iiis
44 Grand Parade
Brighton
East Siissex
BN2 9QA

NUR
RY
S OF THE FIIS'ANCIAL STATEMENT
YEA
I DECEfvIBER 2024
OR
PaE¢
Report of the Trustees
Independent Examlnerl$ Report
Stattment of Flnanclgj Actlvltles
Balnnce Sheet
CA$h Flow Stitem¢nt
Noles to th¢ C95h Flow StAtement
10
Notes to the Flnanelal Statements
DotAllod Stal¢m¢iit of FlrtAncl#l ActlTrltlo5
18

REPORT OF THE T
FOR THE YEAR E
Tile tnisrees who are also directors of th¢ cljarity for the purposes of the Companies Aci 2006. presejil their report with tlke
rinaiieial statements of tlie charity for the ycar ended 31 DcL¢mber 2024. Tlie Iwste¢8 have adopied ihe provisions of
Accouiitiiig and Reporring by Charities.. Statemthii of Recommertd¢d PtaLIiLe iipplicable ro chariiies prcparing their a¢coui)Is
in OCLOTdance iviih the E-inanci81 Reponing Standard Applicable in th¢ UK and R¢publiL uf Ireland IFRS 1021 leffeelive I
Jaiiuary 2019).
OBJECTIVES AND ACTIVITIES
ObJL'ctlves and alm$
Tlie Cliiirity's objectives aiid principal aciivily, as defined by (lie Mcn￿rdndVrn and Articles of Asso¢iatioii. aTe to enlwnce
th¢ developiiieiit aiid ¥(lucation of childr¢n priniarily undei. st&￿tOry school age IfiDm the age of three months) in the LDiidon
Borough of Wandsivoith.
NurseryLÉbAspire open¢d iii Seplciiiber 2011. Tlie Nur5ttry Is rc8jslcr¢d for 42 cliildrcii for fiill li1￿¢ placcs. Out of these 15
can be linder Il)c age of 2. Niirs¢iyC(vAspiir is open for 50 ￿￿kS a year. We closc for two weeks over Ili¢ ChTl$tnias period
?nd for Statutory Public Holid&y5.
Tliere are 51 ehildr¢ii both thll pait lime euryently oil Ilie T¢gisler. Tlie nursery ha5 a 12 months wuiiing li51,
Niirsery@Aspire currently hav¢ 33 ¢mployees, I I full lime staff eoi)trtscted of wliicli l is oil IM&leniity l¢av¢ and 22 bank
$loff.
WL have a dlvers¢ r8ngL Df qualificaiTon5 unionky oiir staff, from level six lo Il)ose wlio are unqualifiid. We provid¢
opporluiiilies for llll eiiiployees 10 pursiie furtlier educaiion, Lnsiiring 11181 our siatT mLmbers acllievc quulific*iioii$ in carly
rs ¢olii¢atioii. Oiir strong parhiersl)ip with Wiindsworil) Coui)cil onab1¢5 0iir Spwial l.'diicalional Nceds Coordiiiator
{SLNLOI 10 occ¢ss L5SClltial iYsourc¢s, ¢iisuriiig tlial every child IL'ILIVCS the besi possible 51ort ii) III¥iT dev¢lopin¢nt.
We c1rc privilcgcd to l)av¢ d¢Less to tlie facilities of Sovtlifi¢ld Academy during ilie half ierni. Our ttur5¢ry offer
¢xlracurricular aelivities ul iio exlra cust.
Nursery@Aspire Is Tegi5tered with vai'ious childcare voucher companies aiid foi. the Free Nuisery Edu¢alioii Places for
Lhildren over 3 years old.
PublSc beneflt
Ii) sliapiiig our objeeiives and planniiig our acliviiies foi. the year, tlie TTU5tccs liave giveii c01l5iderllti￿) 10 ¢h¢ duties sei out
in section 17(51 of the Cliorities Act 2011 lo hav¢ du¢ r¢&7aifj lo public bencfit. In particular, thc Trustcc4 have considered
l)ow Ilic planiied a¢livili¢s will ¢ontribuie to tl)c tswerall aims oii(l ubj¢¢iives Iliat Iliey have scl.
The TnJ$tees believe that the above paiygraplis, specifically oil the Objeeiives gnd A¢llvities" for tl?e year, relate iii detail
the l?enefit thai Ihe ¢113rity proiiides 10 the publi¢.
FINANCIAL REVIF.W
Firtthncial ReTrTreiY
Unrcslricied funds are the funds freely available for us¢ in the ￿rtherQAC¢ of the objectives of the Chsrity. The net
movement on iinrcstriclcd fiiiids for tlie year was a defieil of £212 {2023.. £41,990).
Delails of movemeiiis on the Sioiemenl of Fiiiai)cial Aclivities are set out 011 pa8e 6 of the finan¢ial stateineiits.
Pagc I

UR
ERY
REPOR
FO
THE TRU
TEES
EAR EIN
ED 3] DEC
MBER 2024
FINèlNCIAL REVIEW
Plans for thc Futurc And Reserves Polley
Nursery@Aspire has constantly sthved io iTnprove and d¢v¢lop its serviLe provision to fulfil its ¢haritable objects, and will
conliiiiie 10 do so. It strive510 be as s¢lf-suslaiiiing as possible to avoid over depeiidcncy 01) sin¥l¢ ￿li￿lI1￿1 &ir¢ains.
It is the policy of the Charity 10 maintaiii unrebtricied fvnds. which are the fre¢ reserve5 of the Chaiity. at a level which
provides sufficieiit fiinds to cover management. admii)istr8tion Olid support Costs. Our aim is to 8cliieve a level wliicli ivill
enable the Charity lo achieve its long lenn objectives.
Post BAIAneo Shoet Events
Board of Trustee5 Re$ponslbSllrfes
The Trnsiees. who are 8150 directors of Nursery@Aspire for ih¢ Purposes of conipany luw. are responsible for preparing th¢
Trusiees Repori and Ilie finHncial %lAI¢TnLni$ in accordonce willi aiiplieable law 8nd Uniied KingdoIi) AccouniinH Siandlrds
Iuiiiled Kingdon) Geii¢rally A¢ccplcd Ac¢oui)ling Pyaciicel.
Compdny18w requires the TTuslte5 to prepare finaiicial 5talement$ for each financial year. wliich give a tNe and fair view of
Ihe slate of the affairs LTrf ihe chorilable col￿panY and of the inLoming rcsouirc8 und application of itsourccs, in¢ludirtg the
ijiconie und expeiidilure, of il)c cliarilablc company for Ilrdl perioil. In prep&riiig ihesc financial siaieinenl& il)¢ Trusiccs are
TEquired to:
S¢lcct suiitsble aceoui)liiiL poli¢i¢s and tl)en apply tl)en) ¢oiisi51enily*
Obbcrvc tl)c nicihods 1¢ nd principlc% in th¢ Churity SORP;
Makb judgements &iid ¢81iinulL'& Ilial Jr¢ rcusonable aiid prudenl.
State wlictlicr appli¢4Lbl¢ UK AceoLII)li1i8 Sthi)dards littve been followed. siibjcci to uiiy material dcporture
explaiiied in tlie finoiieitsl silliemeiils;
l>itpai'e the finoncial stalements on Ilie going con¢Ern basis unless it is inuppropiillte to pirsume ihat the company will
coniinug in business.
disclosed tsnd
Tlie Trustees are To%ponsiblo for keepi118 proper aLYoiiiilii)8 rec()rds wliicli disclose wilh reasonable accuraey al ai)y time tlie
rirbancial positioii of the chdriidblg Cuinpany oi)d to eJiublE thcni tts eiisuir Ihal tlie fiiiaii¢ial 4llllcrneLlts coinply ivith the
Conii)anies A¢t 2006. Th¢y aiE also Tespoll%iblc for saftguarding the assets of the Lharitsblc company anol hcrttt for toking
re&¥on&ble steps for t1￿ prcveiilion and dElection of frnud and oilier irregularities.
SMAII CompAny ExemptSon5
Th¢ above report Ilas beeii prepared in accordaiice with Ilie special provisions of Seclion 419(21 of t]￿ Companies Aci ?006
relLting 10 small coiiipaiii¢s.
STRUCTURE, GOVERNANCE AND MANAGEMEIYT
Goi'erning docuMenl
The charity is COLilrolled by its goveniing docuinciii, u de¢d of twst, attd consiilute5 R limited compoiiy, limited by guarantee,
as defined by tlie Coinpanies Act 2006.
Appointrnent of tru5tee5
New Trustees 2Ye ch05eii by the ]neMbe￿ iyiih the view 10 eiisllriiig that the Boat'd coiitai115 an appropriaie balai)ce of
experience relevaiii to the operations of Nursery@A8PLre. Tiuslec% are biiefed on tlieir legal obligotions under cliarity and
company111W. Ilie ¢onienl of Ilic M¢n)ordiidum attd Ariicles of As%ocialion, Ilie de¢i5ion making pro¢¢s5cs, Ihe business plan,
policies aiid finai)cinl pmccdures alid Ihe receiii fiiiancial perfomiai)ce of tlie cliarity.
Page 2

pi
REPORT OF THE TRUS_T.EES
R THE YF.
R EIYDkD31 DE
STRUCTr'URE, GOVERNANCE ￿ND MANAGEMENT
OrEanlsation
The activities of the charity are advised and monitored by ihc BoaTd of Trustees who meet regularly to xt ihe strategic
direciion of Ilie Orga￿SaIl0n aiid for es￿b]ishi1)u policy. Tli¢y also ensure Ilial Ilie cliarily fulfils ils objeeiives and complies
with Ilie reqiiireinenis of tlie Cliarilits Cojninission.
The day-to day maila￿￿￿7t of the Charity is delegated by the Boar<1 of Trustees to Chaiiiel Ariannejad, who attends
Truslecs, meetings tD updatc the TTUStees on developments and issues and to obtain instruction oll Ihc managcinent of th¢
charity.
Nursery@Aspire was inspected by OFSTED iii Julie 2022. receiving J grade of Outstlli?ding iii all areas of inspeciion.
H15k rnanaEemont
Th¢ boaTd of 'frustees lias condiiei¢d its own rcvieiv of ilie major risks to which rlie Cl)arity 1$ ¢xp05cd oiid SySicn)$ huve
beeii ¢si#blish¢d to manage those risks.
Health and Safety at Work
Tlie charity is always coi)cen1ed lo ensiirc healili aiid safety ai ivork at)d ivithiii ils Se￿ic¢s, to rhi$ end it hus a full raiige of
poIiLieS whLLh arc r¢vi¢wcd and regulJrly,
REFEIRENCF AND ADMINIST114TIVE DETAI
R¢glster¢d CompAny nuiiibor
07706739 (Englaiid llrjd Wal¢sl
RoRl$iered Chgrlty number
1147877
R¢#15t¢red offlce
Southfield5 A¢ad¢my
333 Mcrton Ruud
Loiidon
SW185JU
Trustee5
J ValTIi
S P Elson (resigned 2311012024)
Ms S J Ilsyday
M% 8 Mllaruccli {8PPOjrtted 1611 ￿024)
INdependent Examlner
Dr Shoiia F Wgl'drop C.A
Chariot House Liniited
Ch&rtered Accountants
44 Graiid Parade
Brighton
East Sussex
BN2 9QA
Page 3

NU
PIR
PORT
F THE TRUS'I'EE
CE
BER2
24
REFERENCE AND ADMINISTRATIVE DETAILS
Bankers
Lloyds TSB
30-34 MooTgale
Tlie City
Loiidon
F.C.2R 6PL
Ib . [0 -l)-
Approved by order of tlie board ofiN8t¢cs 01)....
and $1&piied oil its bel)aifby'.
lin- Trustee
Page 4

INDEPENDENT
I URSERY
ASPIR
TRUSI'EES OF
lrtdependcnt exATnlner'5 report to the trustoos of Nursery@Aspire I'the Compkrty,)
I I'eport to the charity trLE5tees on rny cxaniinalion of the accounts of the Company foi. tlie yearended 31 Dewmber 2024.
Re5ponsibllitie5 and b45is of report
As Ihe cl)arily'5 trnstees of Ihe Company land also iis diirelor5 for the purp05¢s of ¢oinpaiiy law) you are respoi)sible for the
prcpaTAtion of the accoun15 in accordance with the requirements of the Companies Act 20061kn¢ 2006 Ad'l.
H*viiig Satisfied mysclf that tlie ac¢oiinls of the Coirpany are i)ot reqilired ta be audited uiider Part 16 of tl)e 2006 ALt and
arc oligible for 2iidcpcnd¢iit ¢xaminalioii, I Irpo11 111 respect of iny examiiiaiTOli of your charity's accounts as earricd out
uiider Seclioii 145 of tlie Chai'ilies Aei 2011 I'the 2011 A¢i'l. 111 Carrying out my examinatioii I have followed the DiTe¢lions
given by ¢h¢ Ch8riry Commission under Section 145151 Ib) of the 2011 Act.
Independent examiner's statement
Since your ehariiy's gross income exceeded £250,000 your examiner musi be a member of a li$i¢d body. I can confimi that I
¢ m qualified to ut)dertakc Ili¢ ex8niinalion b¢caus¢ l ain a Ineinber of IhL In51itute of Cliartered Accountants of Scotland,
wliich is on¢ of Ilie lisied bodies.
I have completed my ¢x8miiialioii. I coiifim) that i)0 matters hove c(Ime to n)y att•ition iii coiii)eciion with tlie eXEtMiii￿I1TrIl
giving mc Lause to believ¢..
acLoiiIJtin8 ii¢ords wcre not kcpt ii) Irspcci of Ilie Compony &$ reqiiir¢d by S￿1101] 386 of t1￿ 2006 Act; or
the fyccoiin15 do not accord iviih tliosc rc¢ords; or
the Accounis do iiot coinply with the accouiiting rei]u1￿Me1)IS of Section 396 of the 21)06 Act other th8n aiiy
requiremeni that the accounls give a thu¢ and fair vi¢w which is noi 8 matter considertd ss part of An indcpcndcnt
¢xaJiiiiwliuii' or
the theeoiiii15 liave Iiot beeii prepored in accordanc¢ willi the inctliods principles of ilie Ststeineiii of
Recon)niciided Practice for gc¢ouiilii)g aiiol rLpoNing by charities lapplicable lo eharilics prepariiiu ihLir tsccouiits in
a¢curd8nce ivitl) the finaiicial Repoitirtg Stattd4rd applicablc in lh¢ UK dnd Ilepublic of Ireland Iriis 1021).
I Iiave ijo eoIieem5 and Iiaye come Across iio Oilier n)aiiers iii connection wilh ilie exoniijilllioi) to wlii¢li altcnlioii should be
drawii in I1)is report 111 order lo wi¥ble a pruper understaiidiiig of Ilie Accounts 10 be rcnclicd.
Dr Sl)oiia F W8Tdrop C.A
Chai'iol House Limited
Chart¢rod A¢¢ounlants
44 Grdiid Pordde
Biishtoii
Easi Sussex
BN2 9QA
Datc..
lo. I
Pa8e 5

PIRE
TEl￿lENT OF FINANCIAL ACTIVITIF..g
YE
ED31
El¥fBER 2
2024
Unr¢slTieied
fiittd
2023
Total
funds
Notgs
INCO.ME AliD ENDOWMENTS FROM
Charitable activitles
Nursery Provision
665.463
599.513
EXPENDII'URF. ON
Churliablc aetivitlos
Nursery Provision
665,675
641,503
NET INCOMEI{EXPF.NDITURE)
1212)
141.9901
RF.CQNCILIATION OF FUNDS
Total ￿ndS biuubTht fL)Twai'd
242,751
284.741
TOTAL FUNDS CARRIED FORWARD
242.539
242,751
Tkne notes forni yJrt of Ihe5c finaiiciol statetnents
Page 6

CESHE.ET
EMBER 2024
2024
Unreslricted
nd
2023
Tolal
fiinds
Notes
CURRENT ASSETS
Debiois
Casli at bai)k and it) hai
1.406
362,761
18,705
330.810
374,167
349,515
CREDITORS
Amoui)t$ falliiig due wiiliiii one year
1131,628)
1106.7641
NET CURRENT ASSETS
242,539
242.751
TOTAL ASSETS LESS CURRENT
LIABILI'I'IES
242,539
242.751
NET ASSETS
242,539
242,751
FUNDS
10
Uiireslriclcd fiinds
242,539
242,751
TOTAL fuNDS
242,539
242,751
The chArit#ble compaiiy is eiiiiiled lo cxanptioii froni audit undei. Sectioii 477 of El)e Compaiiies Act 2006 for th¢ year elided
31 DeceiMbEr 2024.
Tile mcmbers liavc Liol reqiiired Ihc cornp&i)y lo obiaii) an aLidil of ils fliiancial staleinciils for ilie yegr ciidcd
31 December 2024 lil accordoiicc iviill Scction 476 of the Cornpanics Act 2006.
Tlie irnsiees acknowltdse Élieii. responsibiliiies fur
lal
¢n5uriiig Ilial tlie charitablc cotnpai)y kceps accounting rccords Ilial comply willi Setlion$ 386 attd 387 of tlie
Coinpaiiies Act 2006 aiid
pr¢paring tinaiiciul stalenicnis which give a true aiid fair view of the state of affairs of Ilie eliaritnblc compAlly OS llt
the eiid of each fsiiaiiciol yeor oi)d of lis surplus or deficit for each finoiiciol year iii a¢cordaii¢e iviih th¢ requiremeiils
of Sections 394 and 395 and ivhi¢li oihenviK comply wilh the requirements of the Coinpanies Act 2006 rtlaling to
fiiiaiicial siaienieJii$, so far as applicable lo Ili¢ cliarilable coinpany.
(bl
Tlie IJOlr5 fonyj part of tli¢se fiiian¢ial 51alcmeE)ts
Page 7
coiiliiiued...

URSE
BALANCE SIIEET- contlnued
EMB
Thes¢ financial staiemenls have been prepared in accord9nce ivith the provisions appli¢ablc to charitable eompanies subject
to Il)¢ stnall companies regilne.
Th¢ finaii¢ial staterneiits wer¢ approved by the Board of TrUstL￿ aiid 6uihorised for issiie on
and were sis￿1¢d oil ils behJlf by..
[¢0. Ko.Qy
in- Trust
The notes fomi part of Iljese fiiiancial slalements
Page 8

ERY
ASPIRE
SHFL
W STATEP+lENT
HE YEAR EIYDE
2024
2023
Notes
Cash flows from operatlng HetI￿tIeS
Cash g¢nera¢ed fii)m operations
31.951
(41,486)
Net eash provided bylliL8cd inl OP¢Tating a¢tiviti¢s
31,951
(41.486}
Ch#nge In cash and cash equlvalen15 In the
reportlng pcrlod
Cash and cash equivalent$ 4t Iht b¢glnnlrtg
of the reportlng perlod
31.951
(41,4861
330.810
372296
Cash gnd cash equlvqlents at the end of the
ropDrting perlod
-162,761
330.810
The notes fonn part of these fittaneial statements
Page 9

ERY
PIRE
I OTES TO THE CASH FLO_W_S_TATEMEN
THE
I DECEM
RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING AcfivITIES
2024
2023
Iyet expenditure for the reportlng perlod las per the Staternent or
Flngneithl AetlWLties)
Adju5tmethts for..
Dccregsellincrea$e} in d¢bioT5
Increase iti creditors
(212)
{41,9901
7.299
24.864
{6,3121
6,816
r4¢1 CA5h provid¢d byllus¢d In) opTrratlons
31,951
{41,486)
ANALYSIS or CHANGES IN NET FUNDS
Ai 111124
Cojli floiy
At3111212
Net eash
CaslJ nt bulik Al￿ in Iwiid
330,810
31,931
362,761
330,810
31,951
362.761
Total
330,810
31,951
362.761
The notes fonn part Df tl)ese financial slotements
Page 10

NU
RY
ASPERE
NOTEST
THE FINAINCIAL STAI'LMENTS_
AR
31 DECEMBER 2
24
ACCOUNTING POLICIES
Basis of prep&rlng the finAn¢lal stAtcm¢nts
The fii)ancial slalemen15 of ilie charilable compathy, Ivhicli is a publi¢ b￿l¢fil ¢ntity undcr FRS102, Iiave beeii
prepared iii accol'daiice willi ihe Cliarities SORP IFRS1021 Accouniiiig and Reporting by Cl)tsriti¢s'. Statem￿]¢ of
Recommended Prd¢ii¢e applicable io cl)arities prepaTing their accounts with Ihe Financial Reporting Siandail in tlie
UK and Republie of Ireland IFRS1021 leffeciive l Jaiiuary 2019),. Finaiicial Reporting Siatidard FRS102 'The
FinonLial R¢pLIrtIli8 Standard applicablc tn th¢ UK and Republic of Ireland, and the Conipanies Ael 2(X)6. The
rin8ncial si&leiiieiit$ IIAve been prepared under ihe liislorical cost conv¢nlion.
The accounts llre prepgr¢d in sl¢rling. which is the functioiial curreiw of the charity. Monetary amouiils in th¢se
financial siaremenis are round¢d to th¢ neaTe5r £.
At Ili¢ liinc of approviiig Ilie finaiicial sthiemei)1$, Ilie Irlisiees liavc a rcasonal)Ic expeciaiioii tl)ai Ihe cl)arily h35
adcqiiAte re5011we5 lo coi)tinue in operational exisience for Il)e foresceabl¢ thttiTC and on tl)at basis the cliarity 15
considered to be * going ¢oiic¢n?.
Crltlc81 accountlng Judgements and key soyr¢¢s of ¢$tlrngtlon uncertalnty
lil ihe ypplicalioii of ihe churity'8 accoiii)tillg pc>lieio8. 1110 charity is r¢quiT¢d to make judgnicnts, estimates oi)d
8s%uinptions tsbuut the canyitig value of Dsseis and liabilities that aiE not relldily appareii¢ fiDm otligr sources. The
eslimai¢s and asboLiated assumptions air bascd on htsloricgl ex￿rien￿ Alld oilier f8ci(trr$ con%idered to be r¢lovant.
Actual results nlay differ from Ih¢s¢ ¢slii)Mlcs.
The e$iimat¢s iiid underlying Hssumpiioiis are IEviewed 011 an ongoin8 b&si5. R¢vi5i0115 10 aC¢OUliting cstimates are
Ircogiiised iii Ihc PEiiod iii whiel) Ihe esli1nu￿. i¥ I'cvi.¥cd, if the Yevisioii affeL'ls oiily tliat period, or iii ihe period of
th¢ r¢vi¥ion ond fuluiL PCTiods if ihL rLvisi(Fn affc¢ls boih Ili¢ ¢vry¢nt und fuDJfc PLriods.
Tlicre are no e51iin8tes and assumptions that Rr¢ considered lo hav¢ a siwiifi¢gnt risk of causiiig a Iiwlerial
adjuslineiiis to the fiiisiicijl S￿leme1715 iii a period.
Jncomln% resource9
1ii¢om¢ froim do1)oti￿1S. and 8rants. is iiieltsded ii) iiicoll)ing resthiTC¢S wheii these ar¢ Irceivable, excepi a5 folloivs.,
When donors imtK)5e ￿ndItionS whiih have to bc fuifillcd before the Charity becomes entitled to use such income,
Ili¢ iiictsme is def¢rrcd and nol included in iiicomiiig resources untLI Ilie pre-condili0115 foru5e liave been mei,
When doiiors Specify thal doiiatioiis ai)d graiits are for particular restricted purposes, which do nol ainoiiiil io
pre-coiiditions r¢gording entitlement. this JE)come is included in incoming r¢souT¢es of restricted fvnds ivhen
reLeivable.
Fee income fur provision Df nursery services is included Èn irtcoming resources ivhen the service has been PTovided,
or, if aii)ounts invoi¢¢d rLlJi¢ 10 services both before and after th¢ period end. IlJ¢tk in proportion to services
provided, with Ilie b21aiicc bciiig defer￿d.
Other Incon
Pa8e 11
CODtinii¢d...

NU
PIRE
NOTES TO TH
FO
FINAINCIAL STATEITrlENTS- eontinued
DED31D
EM
ER2
ACCOUTr4TING POLJCIES- continued
Aneomlng resources
Other iiicoine is r¢cogiiisE(J in lh¢ period iii whicli tlie Charity is eL)titled to the recehpl ond tlie #mount cali be
mca5llTed witli re8soI)able ¢cnaiiity. Iiicom¢ is defenrd only wl)cii dic Cliariry lios 10 fiilfil conditio1)5 before
becoining ¢nlitled lu IL or ivhcre tlie doiior has specified that the in¢omo is to be treated as ihe fuiiding of a fvture
period.
Resourees expended and basss of allocation of costs
All ¢xp¢iiditUTe is included on &ii aecru&ls basis aiid is Tecognised ivlicn there is a legal or Constructive obligatioii Lo
pay for gucli expendiiurt. Direci costs incUn￿d in connection i¥i¢li a particular projeLI or evcnt. are allocated to tliat
projcet or event in thc y¢ar they are in¢uEred. Resources expended include aNributabl¢ VAT which cannot be
recovered.
Tnxgllon
Tlie Cliarily is eonsidercd to puss IIIL lesls s¢1 oul IEI PaLIIULaplI I Scl)edule 6 r,inaThcc Aei 2010 und Ihereforc il mEel$
tlie deliiiilion of a cl)oriiable coinpaiiy foT UK Corporaiioii Tox purposes. A¢cordiiigly tl)e Clianly is exenipt frorn
tax3tioii in rcspecl of ii)come or eapital 8aiiis reecivcd withiii categori¢8 covered by Cli*pier 3 PBrt I I Corporalioii
Tax Act 2010 1)r Scction 256 of the Taxaiioi) of Cliurgeable Gains Act 1992, to th¢ extei)I thllt such ii)com¢ or 82111S
are applied exclusivtly to charilablc purposes.
Fund accountirtg
Unrestricted fijiids can be used in accordanee will) Ihe charitsbl¢ objeelives at ihe discretion of the tnJ$tees.
RLsiricied fuiids ¢dn oiily bu us¢d for P￿I￿lL11[ar rL5tTjLILd piirpu¥e$ wiiliifft ihl vbjocis of Ilie chariiy. Reslriciions
arisL whLIi 5w¢ificd by ihc donor or whcn fiinds Arc roiscd for particulllr reslrici¢d PLIry05es.
Further eKplanAlion of tlio nature and putV05e of each is included in the notes to th¢ fixancial staiemenls.
Pen51on costs and other pust-i'eilrenieiit henefli
Tli¢ charitabl¢ eonipany op¢i?tes ll dcfiiied contribution pension schenie. Contributiorts payable to the charitabl¢
ompany's pertsion s¢lieme are chargcd to the Siatemeni ofFinancial Aciiviiies sn tl)e pgi'iod to which tliey relat¢.
Flnanclil Instrument%
The chariry ha8 only fiiiaiicial assets ai)d financial liabilitlES of a kind Ihdl qualify as basic fiiiai)cilll iiistr(iiiients.
Basic financial irtstruinents uri inilially recognisEd ai transaction value and aTC subsequently mcosured at theiT
5CtilcmeL)I valiie with lh¢ cxLcplÉoJi of bank loans wliicli are megsure(5 al llniortisLd ¢0sl usiiig IhL cfycclive iiilL￿St
melh(A.
Pabie 12
coiItiLllled...

RY
ASPIRE
TES TO THE FINAINCIAL STATEI4IENTS- condnued
FOR TH
31DE
202
INCOME FROM CHAR]TABLE ACTIVITIES
2024
2023
Activity
Nursery fees
Nursery PIY)vi5ion
Free Nursery Education Places Nujsery Provisioi)
Registratioji Fees
Nursery Provisioi)
557.184
107,439
840
532.632
65,591
1,290
665.463
599.513
CHARITABLE ACTIVITIES COSTS
Direct
Cosis
Nursery Provisioii
6(>5,675
NET If4COIWIEXPENDITURE}
Nei iiicomellexpeiidityT¢I is 51at¢d afta'¢haTgiii￿(CrcdltlI7sl..
2024
2023
Ind¢peiid¢iil Examiiiaiioii Fee
Operatlll8 Lease Reiilal
3,5(K)
120.000
3.336
TRU8TKES' REMUNERATION AND BENEFITS
Tliere wcrc no trustecs, reii?uneralion or oihor benefits for the YUT ¢nd¢d 31 Dec¢]nb¢T 2024 nor for tl)c year ended
31 Decen)ber 2023.
Tru$tQQs' ¢xpLbnsos
TIICTC ivcre Iio
31 Dccen)b¢r 2023.
IrÈislees' expenses paid for ilie y¢ar ¢iided 31 Decembtr 2024 Iior for ihe year cl￿Ed
Page 13
¢ontinugd...

RY
NOTES TO THE FINAIYCIAL STATEMENTS- continued
D31DE
STAFF COSTS
2024
2023
Wages salaries
Social security ¢osls
Otlier peiision costs
459.756
28,715
17,195
453.839
13.602
13.515
505.666
480.956
Tli¢ avernge niontlily iiiimber of employees during the year was as follows..
2024
2023
Manag¢rial Siaff
Fi11g11¢¢ Sinff
Niirsery 8iaff
Casu81 Siaff
25
33
25
The iiumber of anployees ivhose employee bei)efits I¢Kcluding employ¢i' pension costs) ¢xceeded £60,000 was..
2024
2023
£60,001- £70.000
£70,001 £80,000
Key mllnageM¢iil remuner&lion which includes salary, employers Nl and employers pension ¢onlTibiitions for
the yeai. iolallcd £74,32912023: £70,622).
SHARE CAPITAL
As the Chariiy i¥ limited by gu41'antee, tlieiE is no sliair capiial. Al 31 December 2024 each IneEnbei' has undertaken
to iunlribule to Ilie Cliarity's abseis, in lh¢ ev¢ni of Ilie Cliarity bcing wound up, such ainnunt as may be rEquired, nol
ex¢eedi118 £1.
Page 14
coi)tinu¢d...

ERY
ÉLASPIRE
TO THE FIINAliCIAL STATEhlENT
-e
FOR THE YEAR END
ECEMB
2024
DEFIORS: AMOUNTS FALLING DUE WtTHIN ONE YEAR
2024
2023
Tr2d¢ d¢biors
11.406
18,705
CREDITORS.. AMOUNTS FALLIIYG DUE WITHIN ONF. YEI AR
2024
2023
Trade crediiors
Soctal secuiity aiid other ioxe5
Otlier CTedilors
Depusit5 1.leld
Accruals ai)d deferred incoinc
2,310
5,288
1.363
6.910
2,485
56,223
39,783
59,22S
64,805
131.628
106.764
10.
MOVEMENT IN FUNDS
N¢1
movcmenl
iii fullds
At 111124
31112124
Unrestrlcted
Gcn¢Tal fund
242.751
(2121
242,339
TOTAL FUNDS
242,751
{2121
242,539
Net rnoveincnt in funds, incliided in the above tsr¢ as follow5..
Incoming
resourLcs
Resources
LAp￿ide{l
Movement
in funds
UnrcstTlcted funds
Gcncral fund
665.463
1665,675 }
1212)
TOTAL FUNDS
665.463
(665,675)
1212)
Paye 15
continued...

LYOTES TOTHE FINAYCIAL STATEMENTS-contSnued
DED 31 DECEMI BER 2
24
io.
MOVEMENT IN FUNDS- continued
CompArativcs for niovcment in funds
Nei
movenient
iii fullds
At
31112123
At 111123
Unrestricted fund$
G￿1¢1￿1 fuiid
284.741
141,990)
242,751
TOTAL FUNDS
284.741
{41,990)
242,751
Con)paraiive nei Inov¢m¢nl in filnds, included in Ihc above ar¢ as follows:
51*0111in8
resources
Rcsour¢es
¢xpeiidcd
Mov¢mei)¢
iii fuiids
Unrestrlcted fund$
Gciieral fvi
599,513
{641,503)
(41,990)
TOTAL FUNDS
599.513
1041,5031
141.990}
ii.
OTHER FIIYAf4CIAL COMMITMENTS
Tli¢ Charily has eiitered iiilo ll tenancy tsgreeiiiellt with Southfield Acadeniy io relit preniises at a Curreiit 81inual rei)t
of 1120,UUO. 'lThe a8reeiiient is until 31 Au8USt 2099.
12.
RKLA'fEI D PARTIES
Southfields Academy is a rclalcd paty by virtue of hvo of th¢ Tiustccs of NuTsery@Aspiir also being Trustees or
EmployEe5 Df Soiithflelds Ac8demy.
Page 16
coiiiinued..

RY
ASPIRE
OTES TO THE FINANCIAL STATENIENTS- contlnued
OR T
ND
DEC
13.
CONTROL
The Company wa5 controlled througl)out lh¢ ¢ur￿lt period by its Trnsiees by virtue of il?e fa¢1 ihat e&¢1) T]ustee has
a vote ai mcetings of the TNsiees.
Page 17

UR
RY
DLTAII
TATEMEh'T OF FI
REND
IDE
ANCIAL ACTIVITI
EMB
024
2024
2023
IIYCOME AND ENDOWMENTS
Charitable Ectlvltles
Nurseiy fees
Free Nursery Educalioii Places
Ke8l5tration b¢¢s
557.184
107.439
840
532,632
65.591
1,290
665.463
599.513
Tolal Incoming resour¢e$
665.403
599,513
EXPENDITURE
Charitable Attlvltle$
Wages
Social &c¢urity
PctJsi011s
Postuse ftttd siaiiot)ery
Sundries
459.756
28,715
17.195
408
368
564
12,091
1,985
120,000
9,575
2.078
220
2,528
714
969
6(19
357
151
3,268
241
1,946
2,204
(5311
420
453,839
13.602
13,515
923
262
1,307
8,016
2,641
120.000
12,779
2,043
220
1,320
688
984
r.diLL41ion Equipment
Niir%Lry ALIIViIiCS
Rcni
Hygi¢n¢ 8iid Cleaiiiiig
Softwait and 8ub%cripiions
Legal & Profesbi¢)nal
Prtyroll cL)qts
Bunk Chargc%
Nursery expcn5e - Water Reiiial
SLNC'O WL4C Funding
Tealn Building
ChArge Card
Dancc Lcsson5 Hirc
Books- Cl)ildTet) Read5ng
Independent Exominaiion Fee
Aris and Crafts
Aspirc recliar8e$
DBS Hiriiig cost
509
32
383
3.336
4.076
122)
1.050
665,675
641,503
Total r¢soiire¢s expeiided
(fj5.675
641.503
N¢t expendlture
12121
{41,990
This page th)es not fon* part of tlie statutory financial stateinet)ts
Pase 18