2021-03-31-accounts - Aspire Foundation

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Trustees			Mrs C Price
			MrC JF Ray
			Mr C Welsh
			Mrs J Hunt
Charity number			1155305
Company	number		08460624
Registered	office		Gardners Lane Childrens	Centre
			Gardners Lane
			Cheltenham
			Gloucestershire
			United Kingdom
			GL51 9JW
Auditor			Azets Audit Services
			Pillar House
			113-115Bath Road
			Cheltenham
			Gloucestershire
			United Kingdom
			GL53 7LS
Bankers			Barclays Bank Pic
			Rutherford Way
			Swindon Village
			Cheltenham
			Gloucestershire
			United Kingdom
			GL51 9TS
Solicitors			Harrison Clark Rickerbys	LLP
			cro Harrison Clark Rickerbys		Limited
			Ellenborough House
			Wellington Street
			Cheltenham
			Gloucestershire
			United Kingdom
			GL50 1YD
Senior management		team	Mr C Welsh			Executive	Head
			Mrs M Welsh			Operational	Lead
			Mrs M McLoughlin			Children's	Services Manager
			Mrs ACampbell			Children's	Services Manager
			Mrs R Nelson			Early Years Manager
			MrJ Davies			Business Manager

		Page
Trustees' report		1-16
Independent auditor's	report	17-20
Statement offinancial	activities	21-22
Balance sheet		23
Statement ofcash flows		24
Notes to the financial	statements	25-42

	commissione	d by	Gloucestershire County C	ouncil 2017-20	21.
				2018-19	2019-20	2020-21
Number	ofFamilies	worked	with in the year	358		401
Number	ofFamilies	Closed	within the year	217	240	286
Number	ofReferrals			222	282	308
The following are included			in the figures above
Number	of Re-Referrals			16	29	43
Number	of Families	that did not engage
Number	of families	that	achieved all outcomes	1 2	155	190
and cases closed during the year

Evidenced Based	Programmes
The Federation ran	the following Evidenced 2018-19		Based Courses 2019-20		during	2020/2021: 2020-21
Programme	Number	Number	Number	Number		Number	Number	Number	Tots I
	of	of	of	of		of	of1:1	of	Number
	Courses	Attendee	Courses	Attendee		Group	Courses	Online	of
		s			s	Courses		Courses	Attends
									es
Solihull		52		86			20	10
Parenting
Programme
Breathe		12		48
Programme
(GLOWFED
&GDASS)
Best Start
Parenting
Programme
Bump Start
Parenting
Programme
Healthy				14
Relationships
(GLOWFED
&SPLITZ)
Healthy									14
Relationship
Healthy
Family

The breakdow	n is show	n by centre below:	n by centre below:
		2018-19				2019-20				2020-21		External
Programme	Number	Number	Number	of	Number	Number	Number	of	Number	Numbe		Number of
	ofAdult	ofChild	External		ofAdult	ofChild	External		ofAdult	rof
	Visits	Visits	Professional		Visits	Visits	Professional		Visits	Child	Profession
			Visits				Visits			Visits		al Visits
Gardners	5,609	6,034		848	6,081	6,098		992	467	407		122
Lane
Oakwood	2,221	1,511		695	2,688	1,903		434	133	98		47
Hesters	3,307	2,810	1,070		3,069	2,259	1,005		170			54
Way
Rowanfield	245	243										15
Brockworth	1,756	1,396		830	2,160	1,877		645	413	322		85
Noah's Ark	2,202	1,834		793	2,146	1,689	1,118		92			34
Total	15,340	13,828	4,236		16,144	13,826	4,194		1,276	1,013		357

Current financial year
		Unrestricted	Restricted	Total	Total
		funds	funds
	Notes	2021	2021	2021 5	2020f
~ngt~rm
Donations and legacies	3	27,931	21,604	49,535	45,101
Ivt)80Mb(gag(i)/ities
Targeted Family Support		1,378,264		1,378,264	1,378,264
Early Years Provision		660,016		660,016	653,368
Other facilities 8 services		52,907		52,907	72,415
Other trading activities		12,326		12,326	10,871
Investments		1,136		1,136	995
Total income		2,132,580	21,604	2,154,184	2,161,014
~Ex tLnnt~n:
Raising funds	7	17,996		17,996	15,763
Charitable activities
Targeted Family Support	8	1,252,484	18,741	1,271,225	1,366,003
Early Years Provision	8	823,514	5,402	828,916	817,495
Other facilities &services	8	142,228		142,228	43,013
Total charitable expenditure		2,218,226	24,143	2,242,369	2,226,511
Total resources expended		2,236,222	24,143	2,260,365	2,242,274
Net expenditure for the year/
Net outgoing resources		(103,642)	(2,539)	(106,181)	(81,260)
Other recognised gains and losses
Actuarial (loss)/gain on defined benefit pension
schemes		(846,000)		(846,000)	383,000
Net movement in funds		(949,642)	(2,539)	(952,181)	301,740
Fund balances at 1 April 2020		534,961	11,905	546,866	245,126
Fund balances at 31 March 2021		(414,681)	9,366	(405,315)	546,866

Prior financial year			Unrestricted	Restricted	Total
			funds	funds
			2020	2020	2020
		Notes	5	5
Income from:
Donations and legacies			30,821	14,280	45,101
Ct~ri II)0 activities Targeted Family Support Early Years Provision Other facilities &services			1,378,264 653,368 72,415		1,378,264 653,368 72,415
Other trading activities Investments			10,871 995		10,871 995
Total income			2,146,734	14,280	2,161,014
Raising funds			15,763		15,763
~C~ri 0I&aictivities
Targeted Family Support		8	1,363,628	2,375	1,366,003
Early Years Provision		8	817,495	-	817,495
Other facilities &services		8	43,013		43,013
Total charitable expenditure			2,224,136	2,375	2,226,511
Total resources expended			2,239,899	2,375	2,242,274
Net expenditure for the year/
Net outgoing resources			(93,165)	11,905	(81,260)
Other recognised gains and	losses
Actuarial (loss)/gain on defined	benefit pension schemes		383,000		383,000
Net movement in funds			289,835	11,905	301,740
Fund balances at 1 April 2019			245,126		245,126
Fund balances at 31 March 2020			534,961	11,905	546,866

								2021	2020
							Notes	6	6
Fixed assets
Tangible assets							14
Current assets
Debtors							15	346,401	322,229
Cash at bank and		in	hand					1,099,127	1,134,675
								1,445,528	1,456,904
Creditors: amounts				falling due		within
one year							16	(87,843)	(75,038)
Net current assets								1,357,685		1,381,866
Total assets less		current			liabilities			1,357,685		1,381,866
Net assets excluding				pension		liability		1,357,685		1,381,866
Defined benefit	pension				liability		17	(1,763,000)		(835,000)
Net (liabilities)/assets								(405,315)		546,866
Income funds
Restricted funds ~Uti t dt	~						20	9,366		11,905
General unrestricted			funds					1,348,319	1,369,961
Pension reserve								(1,763,000)	(835,000)
								(414,681)		534,961
								(405,315)		546,866

					2021		2020
				Notes	6		6
Cash flows from operating			activities
Cash (absorbed operations	by)/generated		from	25		(36,684)		16,064
Investing activities
Interest received					1,136		995
Net cash generated from activities		investing				1,136		995
Net cash used	in financing		activities
Net (decrease)/increase equivalents		in	cash and cash			(35,548)		17,059
Cash and cash	equivalents	at beginning		ofyear		1,134,675		1,117,616
Cash and cash	equivalents		at end of	year		1,099,127		1,134,675

Donation	s and legaci	es
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2021 f	2021 f	2021f	2020	2020 f	2020 F
Donations	and gifis	285	2,525	2,810	3,175		3,175
Grants receivable			19,079	19,079		14,280	14,280
Donated	goods and
services		27,646		27,646	27,646		27,646
		27,931	21,604	49,535	30,821	14,280	45,101

Charhsbte sc8vlt	les
			Tar9elml Famay	Early Yeats	Othe a	f	ilmm	Tet I 2C21	Tarcelad F ily	E rly Years 0th pm isten	faeeales ase	T tal 2022
			0 pperl						srrppert
			2021	ya21			2C21		2220	202S	292C
			2	2					2	2
Sales within charitable		activities		45,022		52,907		97,920		29,465	21,087	50,552
3enrices provided Other income	under centrals		1,378,264	614,994				1,993,258	1,378,264	002,220 21,683	51,328	1,980,404 73,011
			1,378,264	660,016		52,007		2,091,187	1,378,264	653,368	72,415	2,104,047

				Unrestricted	Unrestricted
				funds	funds
				2021	2020
				F.	6
	Other trading	activities		12,326	10,871
6	Investments
				Unrestricted	Unrestricted
				funds	funds
				2021	2020
				F	F
	Interest receivable			1,136	995
7	Raising funds
				Unrestricted	Unrestricted
				funds	funds
				2021	2020
				F	6
	Fundrsisin	snd	ublici
	Support costs			12,423	12,507
	Support costs			5,573	3,256
				17,996	15,763

ChsrNebte activbies
	Targeted Famgy SUpport	garty Years Provieiort	Other facgltlss 8 ssrvlcos	Total 2021	Targeted Family Support	Early Years Provision	Other tacgmes 8 services	Tolal 2020
	2021	2021	2021		2020	2020	2020
	E	E	E		E	5	E
Staff costs Recruitment advertising Trainmg Travel Equipment Catering &hospitality	877,168 497 5,016 8,017 28,D77 14	648,519 169 1,214 45 19,344 3,971	125,730 2,989	1,651,417 666 6,230 8,062 50,410 3,985	828,946 1,353 7,476 20,025 17,884	640,303 284 866 0,602	16,054 6,566	1 469 249 1,637 8,342 20,025 43,410 6,566
	918,789	673,262	128,719	1,720,770	875,464	651,145	22,620	1,549,220
Share of support costs (ses note 9) Share ofgovernance costs (see note 9)	348,173 6,263	153,628 2,028	13,269 240	513,D70 8,529	484,599 5,040	164,445 1,905	20,081 312	669,125 8,157
	1,271,225	828,916	142,228	2,242,369	1,366,003	817,495	43,013	2,226, 511
Analysis by fund Unrestricted funds	1,252,484	823,514	142,228	2,218,226	1,363,628	817,495	43,013	2,224,136
Restricte funds	18,741	5,4D2		24,143	2,375			2,375
	1,271,225	828,916	142,228	2,242,369	1,366,003	917,495	43,013	2,226, 511

9	Support costs
			Support	Governance	2021	Support	Governance	2020
			costs	costs		costs	costs
			8			f	6
	Staff costs		302,880		302,880	486,919		486,919
	Repairs &maintenance		25,101		25,101	35,840		35,840
	Rent, rates & utilities		30,575		30,575	44,304		44,304
	Hygiene &refuse		14,912		14,912	7,284		7,284
	IT 8 telephony		51,039		51,039	42,044		42,044
	Insurance		16,645		16,645	22,769		22,769
	Recharged wages &
	salaries		48,670		48,670
	Professional fees		40,374		40,374	35,587		35,587
	Marketing &other		589		589	9,900		9,900
	Audit fees			8,810	8,810		8,398	8,398
			530,785	8,810	539,595	684,647	8,398	693,045
	Analysed between
	Fundraising		12,423		12,423	12,507		12,507
	Trading		5,292	281	5,573	3,015	241	3,256
	Charitable activities		513,070	8,529	521,599	669,125	8,157	677,282
			530,785	8,810	539,595	684,647	8,398	693,045
10	Net movement in funds						2021	2020
							6	6
	Net movement in funds		is stated after charging/(crediting)
	Operating lease charges						5,862	561
11	Auditor's remuneration
	The analysis ofauditor's		remuneration	isas follows:
	Audit ofthe charity's	annual accounts					6,260	5,948
	Other financial services						2,550	2,450
	Total fees payable to	the	charity's auditors				8,810	8,398

Number of	employees
The average	monthly number ofemployees	during the year was:	2021	2020
			Number	Number
Teachers &	Early Years		36	37
Community Family Support Management, Admin &Finance Premises staff			29 16 1	31 15 2
			82	85

The number	o	fpersons employed, expressed as a full tim	e equivalent, was as follows:
			2021	2020
			Number	Number
Teachers 8	Early Years		26	26
Community	Family Support		23	28
Management,		Admin &Finance	11	10
Premises staff			1	1
			61	65
Employment		costs	2021	2020
			E	&
Wages and	salaries		1,599,694	1,558,945
Social security		costs	119,172	106,567
Other pension		costs	235,431	291,953
			1,954,297	2,003,364

14	Tangible fixed assets
		Leasehold	ICTequipment	Total
		improvementsf	f
	Cost
	At 1 April 2020	152,405	83,280	235,685
	At 31 March 2021	152,405	83,280	235,685
	Depreciation and impairment
	At 1 April 2020	152,405	83,280	235,685
	At 31 March 2021	152,405	83,280	235,685
	Carrying amount
	At 31 March 2021
	At 31 March 2020
15	Debtors
			2021	2020
	Amounts falling due within one year:		6	8
	Trade debtors		30,584	13,375
	Prepayments and accrued income		36,817	15,605
			67,401	28,980
			2021	2020
	Amounts falling due after more than one year:		5	5
	Other debtors		279,000	293,249
	Total debtors		346,401	322,229

Creditors: amounts	Creditors: amounts	falling	due within one year	due within one year		2021f	2020f
Other taxation and social security						28,785	26,092
Deferred	income					3,036
Trade creditors						4,781	20,932
Other creditors						19,143	20,512
Accruals						32,098	7,502
						87,843	75,038
Deferred	income is	included	in the financial	statements	as follows:
						2021f	2020
Deferred	income
Deferred	income at	1 April 2020					16,301
Resources deferred		during the year				3,036
Amounts	released from previous years						(16,301)
Deferred	income at	31 March 2021				3,036

Key assumptions	Key assumptions
									2021	2020
										'/
Discount	rate								2.05	2.3
Expected	rate ofincrease ofpensions						in payment		2.80	1.8
Expected	rate ofsalary		increases						3.10	2.1
Mortality	assumptions
The assumed life expectations					on retirement			at age 65are:
									2021	2020
									Years	Years
Retiring today
- Males									21.9	21.7
-Females									24.3	23.9
Retiring in 20 years
- Males									22.9	22.4
-Females									26.0	25.3
Amounts	recognised	in	the profit and			loss account:
									2021	2020
									8	8
Current service cost									157,000	212,000
Net interest on defined			benefit liability/(asset)						20,000	29,000
Total costs									177,000	241,000
Amounts	taken to other		comprehensive				income:
									2021	2020
									6	6
Actual return on scheme				assets					(959,000)	650,000
Less: calculated interest				element					83,000	104,000
Return on scheme assets excluding						interest		income	(876,000)	754,000
Actuarial	changes related to obligations								1,722,000	(1,137,000)

The amounts included in the	balance	sheet	arising
obligations in respect ofdefined	benefit plans are		as follows:
				2021	2020
				6	6
Present value ofdefined benefit	obligations			6,371,000	4,411,000
Fair value of plan assets				(4,608,000)	(3,576,000)
Deficit in scheme				1,763,000	835,000
Movements in the present value	ofdefined	benefit	obligations:
				2021	2020
				6	6
Liabilities at 1 April 2020				4,411,000	5,206,000
Current service cost				157,000	212,000
Benefits paid				(54,000)	(37,000)
Contributions from scheme members				32,000	34,000
Actuarial gains and losses				1,722,000	(1,137,000)
Interest cost				103,000	133,000
At 31 March 2021				6,371,000	4,411,000

					2021	2020
					f.	6
Fair value of	assets at 1 April 2020				3,576,000	4,114,000
Interest income					83,000	104,000
Return on plan assets (excluding		amounts	included	in net interest)	876,000	(754,000)
Benefits paid					(54,000)	(37,000)
Contributions	by the employer				95,000	115,000
Contributions	by scheme members				32,000	34,000
At 31 March	2021				4,608,000	3,576,000

The fair value of plan assets at the reporting
	2021f	2020f
Equity instruments	3,226,000	2,289,000
Property	323,000	322,000
Cash	138,000	35,000
Bonds	921,000	930,000
	4,608,000	3,576,000

General unres	tricted funds
		Movement	in funds		Movement	in funds
	Balance at	Incoming	Resoul'css	Balance at	Incoming	Resources	Balance at
	1April 2010f	resources f	expended	1April 2020f	resources f	expended 31 f	March 2021 f
Unrestricted
funds	1,337,126	2,146,734	(2,113,899)	1,369,961	2,132,580	(2,154,222)	1,348,319

	Balance at	ResourcesActuarlal gains	ResourcesActuarlal gains	Balance at	ResourcesActuarlal gains	ResourcesActuarlal gains	Balance at
	1April 2010 f	expended f	and losses f	1April 2020 f	expended f	and losses f	31 March 2021 f
Pension
reserve	(1,092,000)	(126,000)	383,000	(835,000)	(82,000)	(846,000)	(1,763,000)
	(1,092,000)	(126,000)	383,000	(835,000)	(82,000)	(846,000)	(1,763,000)

					Movement	in	funds				Movement	in funds
					Incoming resources 8		Resources expended f		Balance at 1April 2020		Iscomiag resources 6	Resources expended St 6	Balance at March 2021
	Thriving Communities				14,280		(2,375)		11,905		7,320	(10,928)		8,297
	Other restricted		funds								14,284	(13,215)		1,069
					14,280		(2,375)		11,905		21,604	(24,143)		9,366
	The Thriving	Communities			fund comprises		income	and expenditure			in relation	to a grant received		from
	Gloucestershire		County	Council to support			delivery	of	projects that		help people	(including carers) to stay
	well and to live independently				for as long	as	possible.
21	Analysis of	net	assets	between funds
				Unrestricted		Restricted			Total	Unrestricted		Restricted		Total
					funds		funds				funds	funds
					2021		2021		2021		2020	2020		2020
									6		6	5		F
	Fund balances at 31
	March 2021	are
	represented	by:
	Current assets/
	(liabilities)				1,348,319		9,366		1,357,685		1,369,961	11,905	1,381,866
	Provisionsand
	pensions				(1,763,000)				(1,763,000)		(835,000)		(835,000)
					(414,681)		9,366		(405,315)		534,961	11,905	546,866


Cash generated from		operations				2021	2020
						8	8
(Deficit)/surplus for the		year				(106,181)	(81,260)
Adjustments	for:
Investment	income recognised		in statement	offinancial	activities	(1,136)	(995)
Difference	between pension charge and cash contributions					82,000	126,000
Movements	in working	capital:
(Increase)	in debtors					(24,172)	(22,267)
Increase/(decrease) in		creditors				9,769	(5,414)
Increase in	deferred income					3,036
Cash (absorbed by)/generated			from operations			(36,684)	16,064