Charity registration number: 1148337
The Aspire Trust
Annual Report and Financial Statements
for the year ending 31st March 2023
The Aspire Trust Contents
| Page | |
|---|---|
| Reference and Administrative details | 2 |
| Trustees' Report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 to 7 |
| for the year ending 31st March 2023 |
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The Aspire Trust Business Information
Charity name The Aspire Trust
Charity registration number 1148337
Trustees
Dr Zafar Iqbal Mr Arshid Hussain Mr Mohammed Ozair Mr Mohammed Ameen Mr Naeem Hamza Mr Imran Rafiq for the year ending 31st March 2023 Mr Neal Malik
Registered office 97 Hopwood Lane Halifax HX1 4ET
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Trustees' Report
The Aspire Trust
Summary of the objects of the charity set out in its governing document
The objects of the charity are:
To advance the religion of Islam for the benefit of the public through the holding of prayer meetings, lectures, public celebration of religious festivals, producing and/or distributing literature on the Islamic faith to enlighten others about the Islamic religion.
To advance the education of the public on the subject of the Islamic religion.
Small company provisions
This report has been prepared in accordance with the small companies regime under the Companies Act 2006. Approved by the Board on 25 May 2023 and signed on its behalf by: for the year ending 31st March 2023
......................................... ......................................... Dr Zafar Iqbal Mr Arshid Hussain Trustee Trustee ......................................... ......................................... Mr Mohammed Ameen Dr Asif Yaseen Trustee Trustee
......................................... Mr Imran Rafiq Trustee
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The Aspire Trust Statement of Financial Activities for the year ending 31st March 2023
| VOLUNTARY INCOME Appeals and donations Gift aid Solar panel income Cost of sales Purchases Gross profit for the year ending 31st March 2023 Rental income Grants Total resources expended Direct costs Wages and salaries Casual wages Rates Light, heat and power Insurance Repairs and renewals Telephone Postage and stationery Legal and professional fees Travel and subsistence Donations Depreciation of solar panels Depreciation of fixtures and fittings Depreciation of computer equipment Net income |
2023 152,370 17,517 632 170,519 - 170,519 32,141 - 32,141 74,029 804 5,146 17,344 2,754 48,974 812 200 12,755 650 41,963 975 205 177 206,788 (4,128) |
2022 123,249 12,284 3,304 138,837 - 138,837 16,731 - 16,731 74,990 840 4,635 11,687 2,570 4,451 741 - 2,563 - 22,066 975 207 177 125,902 29,666 |
|---|---|---|
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The Aspire Trust Balance Sheet for the year ending 31st March 2023
| Note Fixed Assets Tangible assets 2 Current assets Cash at back and in hand Trade debtors Creditors Trade creditors Interest free loan PAYE for the year ending 31st March 2023 Net business assets represented by Capital account: Balance brought forward Net profit |
2022 109,188 115,618 1,846 226,652 3,195 10,000 1,011 14,206 212,446 216,574 -4,128 212,446 |
2021 110,545 118,377 2,715 231,637 3,477 10,000 1,586 15,063 216,574 186,908 29,666 216,574 |
|---|---|---|
I approve these accounts and confirm that I have made available all relevant records and information for their preparation.
Imran Rafiq Trustee
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The Aspire Trust
Notes to the Financial Statements for the Period Ended 31 March 2022
Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities (SORP 2005)', issued in March 2005, applicable accounting standards and the Companies Act 2006.
Fund accounting policy
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Incoming resources
for the year ending 31st March 2023
recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Resources expended
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the
that aggregate all costs related to the category.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Fixed assets
Individual fixed assets costing £0 or more are initially recorded at cost.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Solar Panels 4% straight line basis (over 25 years) Fixtures and fittings 25% straight line basis Computer equipment 25% straight line basis
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2 Tangible fixed assets
| Cost At 1 April 2022 Additions At 31 March 2023 Depreciation At 1 April 2022 Charge for the period At 31 March 2023 Net book value As at 31 March 2023 At 31 March 2022 |
Land and buildings Solar panels Fixtures and fittings Computer equipment Totals £ £ £ £ £ 95,543 24,370 5,433 4,918 130,264 0 0 0 0 95,543 24,370 5,433 4,918 130,264 0 9,750 5,228 4,741 19,719 0 975 205 177 1,357 0 10,725 5,433 4,918 21,076 95,543 13,645 0 0 109,188 95,543 14,620 205 177 110,545 |
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