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2020-12-31-accounts

Aspire Ryde

A Charitable Incorporated Organisation Number 1163336

Annual Report and Financial Statements for the year ended 31st December 2020

2

Contents

Administrative Information ....................................................................................................... 3 Registered address and Administrative/Office address ......................................................... 3 Trustees .............................................................................................................................. 3 Bankers .............................................................................................................................. 3 Organisational Structure ......................................................................................................... 4 Constitution ......................................................................................................................... 4 Governance and management ............................................................................................. 4 Trustee selection ................................................................................................................. 4 Risk Management ............................................................................................................... 4 Purpose .............................................................................................................................. 4 Objectives ........................................................................................................................... 5 Message from Chair Person – Mr Will Sussman ...................................................................... 5 Message from Aspire Ryde CEO – Mr Trevor Nicholas ............................................................ 5 Our Community and Social Impact .......................................................................................... 6 Financial review ...................................................................................................................... 8 Reserves policy ................................................................................................................... 8 Investment policy................................................................................................................. 8 Main sources of income ....................................................................................................... 8 Expenditure supporting charitable objectives ........................................................................ 8 Looking ahead..................................................................................................................... 8 Independent Examiners Report……………………………………………………………………..9 Statement of Financial Activities ........................................................................................ 10 Balance Sheet ...................................................................................................................... 11 Analysis of Income……………………………………………………………………………………12 Analysis of Expenditure………………………………………………………………………………12 Accounting policies ............................................................................................................ 14 Support Staff Costs…………………………………………………………………………………..15 Movement in Charity Funds ............................................................................................... 16 Tangible fixed assets ......................................................................................................... 17 Our financial supporters ........................................................................................................ 18

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Annual Report 2020

Administrative Information

Organisation full name Aspire Ryde Charitable Incorporated Organisation

Registered Number 1163336

Registered address and Administrative/Office address

Aspire Ryde, Trinity Buildings, Dover Street, Ryde, Isle of Wight, PO33 2BN

Trustees

Mr Will Sussman – Chairman Mr Andrew Gardner – Treasurer Mrs Lara Sussman Mr Nick Mulhern Mr Robert White – Vice Chairman Mr Ian Pratt Mr Mike Drinkwater Mrs Katrina Redpath – Resigned 16[th] November 2020 Mrs Beverley Jessop Mr Nicholas England – Joined 3[rd] February 2020 Rev Peter Leonard – Joined 3[rd] February 2020

Bankers

The Cooperative Bank Po Box 250 Delf House Southway Skelmersdale WN8 6WT

Santander Bridle Road Bootle L30 4GB

Legal

RJR Solicitors 18 Melville Street Ryde Isle of Wight PO33 2AP

Accounts independently examined

by Mr Martin Samuel MBA FCCA The Helpful Bean Counter 6 Sydney Way Waterlooville PO7 5FG

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Annual Report 2020

Organisational Structure

Constitution

Aspire Ryde is registered with the Charity Commission as a Charitable Incorporated Organisation and is governed by its Constitution

Governance and management

The organisation has a board of trustees who operate in a voluntary capacity. They meet several times each year to govern the organisation. They ensure that full accountability and transparency are in place. They have appointed a Chief Executive Officer (CEO) with some delegated authority to undertake the day to day operation and further development of the project on their behalf. 2020 has seen two new trustees nominated by the Bishop of Portsmouth who bring considerable skill and experience to the Board of Trustees. Having come into post in late 2019, the CEO has restructured the senior management team to manage a multi-site organisation and ensure that the charity is structured sustainably and for future growth.

Trustee selection

A skills’ based analysis is used to help identify what skills are required for the effective running of the organisation. This means recruitment can be specifically focused on recruiting trustees with the best skill base for the identified gaps. Trustees are also chosen to reflect the Christian ethos of the organisation. This leads to a robust board who are able to make good and well thought through decisions. The Bishop of Portsmouth also has the right to nominate two people to become trustees of Aspire Ryde.

Risk Management

The trustees and CEO routinely examine the organisation, and its reputational and operational risks when preparing strategic plans and developing new projects. A corporate risk register has been introduced and is presented at each meeting ensuring that organisational risks are at the forefront of all decision making. Furthermore, regular reports of financial viability at trustee meetings and an annual independent examination of the accounts ensure financial risks are examined in detail. Aspire Ryde has developed a good range of policy documents to underpin how it operates so it is fair, consistent and can demonstrate good practice. Risk assessments are undertaken for each project and activity.

Purpose

The Purposes of the organisation are:

1 - ADVANCEMENT OF RELIGION “TO ADVANCE THE CHRISTIAN FAITH THROUGH MISSION & PARTNERING WITH OTHER CHRISTIAN CHURCHES FOR THE BENEFIT OF THE PUBLIC IN ACCORDANCE WITH THE ANGLICAN STATEMENTS OF BELIEF “.

2 - COMMUNITY FACILITIES & CENTRE ‘TO FURTHER OR BENEFIT THE RESIDENTS OF THE ISLE OF WIGHT & BEYOND IN ACCORDANCE TO OUR MISSION & VALUES BY ASSOCIATING TOGETHER THE SAID RESIDENTS AND THE LOCAL AUTHORITIES, CHURCHES, VOLUNTARY AND OTHER ORGANISATIONS IN A COMMON EFFORT TO ADVANCE EDUCATION AND TO PROVIDE FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION AND 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 POWER: TO ESTABLISH OR SECURE THE ESTABLISHMENT OF A COMMUNITY CENTER 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 CHARITY IN FURTHERANCE OF THE ABOVE OBJECTS

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Annual Report 2020

Objectives

The organisation is focussed upon providing facilities and services that improve place and people through the development of a strong community. Working in partnership with a wide range of stakeholders is our preferred way of working. This allows us to develop and deliver services to improve standards for Island residents, allowing them to participate more fully in society and improve themselves, their life chances and their surroundings. Working for the relief of poverty particularly in areas of high deprivation and encouraging regeneration through the redevelopment of redundant buildings is very important to us

Message from Chair Person – Mr Will Sussman

2020 has been a year of service and survival for Aspire Ryde. As with many organisations both charitable and commercial, the impact of the pandemic has been hugely significant. As many of our services were required to close during lockdowns, so we were able to redirect our efforts into supporting our community through this time.

Our staff and volunteers worked tirelessly to support the town of Ryde and surrounding areas with food, prescriptions and social support to ensure that people could keep themselves safe and well during this unusual time.

We worked closely with partners and deepened working relationships in the process which will benefit our community as we emerge from the shadow of Covid-19. I am grateful to these partners and to the staff team at Aspire for stepping up to help when needed. Most of all, I am so very grateful to all of the volunteers who have given so much of themselves to support our community at this time.

Message from Aspire Ryde CEO – Mr Trevor Nicholas

It would have been impossible to fully prepare for the events of 2020 and when the pandemic hit at the beginning of the year we knew our resources, our processes and our own resilience would most likely be tested to the limit. As an organisation we had to quickly decide whether to shut down and weather the storm, reliant on government support; or to step up and do what we could for our community, trusting that financial support would follow. We took the latter view and quickly partnered with Ryde town council to form a Ryde response. Setting up a helpline and recruiting volunteers to undertake shopping, prescription collections, emergency food supplies and other support to those having to quickly isolate. Over time we were able to do more, creating a phone befriending service to combat the isolation that many were feeling. We created Ryde Unite, a partnership of third sector organisations in the town to support each other and work together for the benefit of the community. Latterly in the year we began co-ordinating volunteers to assist the vaccination programme and were awarded a contract to continue this work into the next year.

We received financial support for the work we undertook and are grateful to both town and county councils, and to numerous grant funding bodies for the support they provided, enabling us to keep staff unfurloughed and maintaining vital services to the community.

I am particularly grateful to our amazing volunteers who stepped up to help in so many different ways, and to our staff team who have been supportive and flexible in undertaking unusual and unexpected roles as we’ve responded to the needs of our community. As we look to 2021, I am hopeful that we may return to a calmer and more familiar world, but huge challenges will remain for many years. We will continue to do our best to meet them.

6

Annual Report 2020

Importance of Volunteers

We are lucky to have around 120 people who volunteer their services to us every week to support the organisation. This year, perhaps more than any other, we have been reliant on volunteers to support the most vulnerable members of our community. Alongside our amazing Aspire team we co-ordinated up to 200 other members of the community who offered their services when the pandemic first hit and have been shopping and helping individuals who are isolating or vulnerable.

We have had to find different ways of keeping in touch with our volunteers during lockdowns. This has included zoom coffee mornings, support groups and distanced walks to make sure we continue to look after each other. When we are able, we provide a daily lunch for our volunteers and foster a family atmosphere to support each other and build our community within the organisation as well as externally.

This year we held our annual volunteer event via zoom in the form of a Christmas party. Providing everyone with a small Christmas hamper we were able to play games and present awards for those who had made a real impact during the year. Our volunteer of the year award was also presented to Mr Dave Bull (pictured) for his ongoing work for aspire and particularly for his tireless work during the first lockdown.

Why we do what we do

Aspire Ryde’s unique delivery model, focussing on inclusion, makes sure that everyone involved knows they are a valued and important part of our community.

We exist to share Christian love through service to our community in order to make that community stronger and to support each other through the challenges of life.

“I am becoming addicted to surfing instead of Cannabis ” Participant in the waves of wellness suicide prevention programme

“I suffer from Anxiety and find it hard to get out. This has really helped me and my son” Attendee at the food and fun school holiday project.

7

Annual Report 2020

Activities and Main Achievements of the year

The Pandemic has been at the forefront of our activities during 2020. The table below sets out the work done by Aspire volunteers and those co-ordinated through our helpline.

1st Lockdown
March - June		 2nd Lockdown
November -
December		 2020 total
13 weeks 4 weeks
Direct Aspire Volunteer Hours 2340 480 2820
Foodparcels 910 20 930
Chef time 390 40 430
Cooked mealsprepared 780 200 980
Phone and zoom welfare checks 5000 450 5450
Co-ordinated communityvolunteer hours 3380 560 3940
Individuals regularlysupported 155 90 245
Individual shoppingorprescriptions delivered 3965 420 4385
Total volunteer hours 6110 1080 7190
Total interactions over 17 weeks 10655 1090 11745

During the 17 weeks spanning the two lockdowns, Aspire managed over 11,500 separate contacts with people, either in delivering food and medicine or in speaking to lonely and isolated people. Harder to measure is the impact this had, particularly on people’s health and wellbeing but anecdotal evidence suggests our approach not only improved mental health but also prevented loss through suicide.

Other Achievements

Whilst much of the year has been spent functioning under covid regulations we have made significant progress in developing services and future income streams.

ARCH, our high street community hub, has continued to deliver recycling projects such as our bike repair and maintenance facility and paint recycling project. The retail element has been developed further, along with space for local crafts people to sell their own products.

Our softplay facility continues to grow and brings together local families to develop their relationships within our community.

Trustees have approved the development of an escape room facility in an under used area of the building which will go live in July 2021. This will provide an additional sustainable income stream for the organisation.

Our community offer outside of our buildings has grown and continues to develop in partnership with our community connector role. Providing outreach into local communities around activities this often provides an important engagement point for those who don’t regularly attend Aspire.

8

Annual Report 2020

Financial review

Reserves policy

In order to ensure the sustainability of the organisation and in line with good accountancy practices we aim to hold 6 months of operating costs in free reserves. These are held in shortterm interest-bearing or notice accounts so that we retain quick access to funds as we need them. Where funding is not available for at least 3 month’s on-going operations, the leader and trustees will give consideration to the need to scale back or cease operations.

Investment policy

Where we hold excess funds over our projected expenses over a 3-month period, we invest the balance in short term interest-bearing call or notice accounts, so that we retain quick access funds as we need them.

Main sources of income

Income during 2020 has been heavily grant based due to the impact of the pandemic on other sources of revenue.

Grant funding has been obtained from a number of sources that would not usually have been available. For example, government business grants and furlough funding. A number of local authority grants were obtained to cover some of the work undertaken during the pandemic. Other grant funders also offered charitable support for this work.

Expenditure supporting charitable objectives

All our income has been used to support the organisation’s aims and objectives. The largest expense is wages for our small team of staff. In 2020 we initially furloughed nearly all staff but were able to quickly release a number to assist with the response. Expenditure on food was considerably higher than usual as we were grant funded to provide food parcels and support during lockdowns. Other expenditure was lower than usual as normal activities were unable to function at some points.

Looking ahead

We expect 2020 to largely be a one off, although the impact of the pandemic will clearly continue into 2021. We do not anticipate that the level of grant funding will continue at the same rate, and that overall grant funding will be harder to obtain in coming years.

We have invested in revenue generating activities and expect our trading income to rise significantly in future years. We also anticipate additional organisational growth over time through partnerships with the public sector and statutory services.

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Annual Report 2020

Statement of Financial Activities for the year ended 31[st] December 2020

INCOME
Not
e
Donations
3
Grants
3
Income from Charitable Activities
3

Income from other Trading Activities
Fundraising
3
Other Income
3
TOTAL INCOME
3
EXPENDITURE
4

Cost of Raising Funds
4.1
Charitable Activities
4.2
Support Costs
4.3
Reconciliation
Depreciation
TOTAL EXPENDITURE
4
Net Income (Expenditure)
Net Movement of Funds
RECONCILIATION OF FUNDS
Total Funds Brought Forward

Total Funds Carried Forward		 Unrestricted
Restricted
Funds
Funds
2020
2020
35,468
2,800
129,353
43,807		 Total
Funds
2020
38,268
173,159
211,428
49,912
0
14,910
276,249
11,409
97,129
105,828
0
9,223
223,588		 Total
Funds
2019
24,874
112,543
164,821
46,607
49,912
0
0
14,910		 137,417
84,919
10,071
404.93
229,642
46,607		 232,812
11,409
0
50,522
46,607
105,828
0
0
0
9,223
0		 10,678
34,116
139,108
-265
5,714
176,981
46,607		 189,350
52,661
0		 52,661 43,462
52,661
0		 52,661 43,462
56,762
109,423
56,762
0		 13,300
109,423
0		 56,762

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Annual Report 2020

Balance Sheet

Unrestricted
funds		 Restricted
income
funds		 Total this
year
2020		 Total last
year
2019
£ £ £ £
Fixed Assets 5
Property 90,000 0 90,000 90,000
Fixtures and Fittings 20,562 0 20,562 26,939
Motor Vehicles 1,700 0 1,700 3,400
Office Equipment 1,908 0 1,908 2,705
Total fixed assets 114,169 0 114,169 123,044
Current Assets 9
Debtors 4,919 4,919 10,769
Prepayments 0 0
Bank& PayPal Accounts 95,578 88,996 184,574 34,600
Cash in hand 50 50 91
Total current assets 100,546 88,996 189,542 45,461
Current Liabilities 7 0
Creditors: amounts falling due
within one year		 16140 88,996 105,136 23,037
Other liabilities 0 0 0 0
Provisions 3,333 0 3,333 1386
Total Current liabilities 19,473 88,996 108,469 24,423
Net current assets/(liabilities) 81,073 0 81,073 21,038
Total assets less current
liabilities		 195,243 0 195,243 144,082
Other Liabilities: falling due
after one year		 8
Blanche Johnson Memorial Fund 1,083 0 1,083 2,583
Total Net Assets 194,159 0 194,159 141,498
Funds of the Charity
Restricted income funds 0 0 0 0
Unrestricted funds 109,423 0 109,423 56,762
Revaluation Reserve 84,736 0 84,736 84736
Total funds 10 194,159 0 194,159 141,498
Signed byone or two trustees on behalf of all the trustees
Signature Print Name Date of
approval
…………………………………………………………… … ……………………………… ……………
…
…………………………………………………………… … ……………………………… ……………
…

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Annual Report 2020

Account Restricted
Unrestricted
Total Funds		 Prior Year 2019
Turnover
Donations 2,800.00
32,156.19
34,956.19		 23,988.00
Gift Aid reclaimed 3,312.09
3,312.09		 886.00
Fundraising 14,909.77
14,909.77		 10,476.00
Sales 49,911.73
49,911.73		 84,919.00
Total Turnover
Cost of Sales		 2,800.00
100,289.78
103,089.78		 120,269.00
Cost of Fundraising 11,408.58
11,408.58		 10,678.00
Total Cost of Sales 0.00
11,408.58
11,408.58		 10,678.00
Gross Profit 2,800.00
88,881.20
91,681.20		 109,591.00
Charitable Activities
Grant Funded Activites 43,306.68
34,302.21
77,608.89		 10,990.00
Primary Activites core costs
Total Charitable Activities
Support Costs		 3,300.00
25,442.99
28,742.99
46,606.68
59,745.20
106,351.88		 23,125.00
34,115.00
Audit & Accountancy fees 0.00
0.00
Card charges 0.00
0.00		 409.00
Charitable and Political Donations 0.00
0.00
Cleaning 395.82
395.82		 351.00
Depreciation Expense 9,223.20
9,223.20		 5,714.00
Donation Processing fees 0.00
0.00
Employers National Insurance 2,920.16
2,920.16
Entertainment-100% business 0.00
0.00
Equipment 599.44
599.44		 2,016.00
General Expenses 485.36
485.36		 5,265.00
Insurance 0.00
0.00		 2,862.00
IT Software and Consumables 421.20
421.20		 903.00
Legal Expenses 0.00
0.00
Light, Power, Heating 5,200.64
5,200.64		 4,216.00

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Annual Report 2020
Motor Vehicle Expenses 0.00
0.00		 2,467.00
Operating Lease Payments 0.00
0.00
Pensions Costs 1,192.00
1,192.00
Postage, Freight & Courier 0.00
0.00
Provision for Bad Debts 1,947.00
1,947.00
Printing & Stationery 134.35
134.35		 1,257.00
Professional Fees 0.00
0.00		 25,748.00
Provisions 195.63
195.63
Rates 116.71
116.71
Rent 2,400.00
2,400.00
Repairs & Maintenance 344.31
344.31		 10,535.00
Salaries 79,757
79,757		 80,935.00
Staff Training 0.00
0.00
Staff travel 0.00
0.00
Subscriptions 0.00
0.00
Telephone & Internet 473.22
473.22		 747.00
Volunteer Travel 21.00
21.00		 1,132.00
Total Administrative Costs 0.00
105,828
105,828		 144,557.00
Operating Profit (43,806.68)
(76,692)
(120,498)		 (69,081.00)
Other Income
Grants 43,806.68
129,353
173,159		 112,543.00
Total Other Income 43,806.68
129,353
173,159		 112,543.00
Profit on Ordinary Activities Before
Taxation		 0.00
52,661.15
52,661.15		 43,462.00
Profit after Taxation 0.00
52,661.15
52,661.15		 43,462.00

14

Annual Report 2020

1.1 Basis of accounting

Annual Report 2020 Annual Report 2020 Annual Report 2020 Annual Report 2020 Annual Report 2020

1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to
these accounts.
The accounts have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the
Charities Act 2011.
Accounting policies
2.2 INCOME
Recognition of income These are included in the Statement of Financial Activities (SoFA) when:
• the charity becomes entitled to the resources;
• it is more likely than not that the trustees will receive the resources;
• the monetary value can be measured with sufficient reliability.
Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Gt d dti Gt d dti l ildd i th SFA h th l i iti iti t 510 t 512 FRS102 SORP
rans an onaons rans an onaons are ony ncue n e o wen e genera ncome recognon crera are me (. o . ).
Tax reclaims on Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is

donations and gifts		 considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal
have specified otherwise.

Support costs The charity has incurred expenditure on support costs.
Vlt hl The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report and Social Impact
ouneer ep Calculation.
2.3 EXPENDITURE AND LIABILITIES
Libilit iti Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources
ay recognon and the amount of the obligation can be measured with reasonable certainty.
Governance and
 Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public
support costs accountability of the charity and its compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g.
allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Grants with
performance
conditions		 Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only
recognised in the SoFA once the recipient of the grant has provided the specified service or output.
Creditors The charity has creditors which are measured at settlement amounts less any trade discounts.
2.4 ASSETS
Tangible fixed assets
for use by charity		 These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost. Assets have been depreciated
using the Straight Line method., over a period of five years.

Dbt
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount
eors advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

15

Annual Report 2020 Annual Report 2020 Annual Report 2020

Support Staff Costs
This year This Year Last year
Unrestricted Restricted £
Salaries and wages - Core Staff(Support Costs) 79,757 34,587
Salaries and wages - Project Staff(Charitable Activities) 3,251 40,471 41,007
Employers NI 2,920 4,416
Pension costs(defined contributionpensionplan) 1,192 925
Total staff costs 87,120 40,471 80,935
No employees received anyemployee benefits(excludingemployerpension costs)for the reporting period.
Number of Employees This year This Year Last year
Unrestricted Restricted
(Project Leads)		 Number
Fundraising
Charitable Activities 6 1 3
Support & Governance 3 5
Total 9 1 9
Defined contribution pension scheme
Aspire operate a Defined Pension Scheme,provided byNEST, £1,192 has been recognised as employer contributions within the SOFA as an expense.
Trustee Remuneration
Trustee remuneration and benefits
None of the trustees have beenpaid anyremuneration or received anyother benefits from an employment with the charityor a related entity.
Trustees' expenses
No Trustees have been reimbursed for out ofpocket expenses incurred.
This year Last year
Type of expenses reimbursed £ £
Travel
Subsistence
Accommodation
Conference
TOTAL 0 0

16

Annual Report 2020

Movement in Charity Funds

Details of material funds held and movements during the current reporting period

Fund name Type of Fund Purpose and
Restrictions		 Fund
balances
brought
forward		 Income Expenditure Fund
balances
carried
forward
£ £ £ £
General Unrestricted General Income &
Expenditure		 56,762 229,642 176,981 109,422
Ryde Unite Restricted Ryde wide appeal 0 2,800 2,800 0
Institute of Physics - British Science Week Restricted Physics week -
planitarium		 0 500 500 0
Artswork Ltd - Lets Create Packs Ryde/Pan Restricted Art packs for young
peple		 0 1,000 1,000 0
High Sheriff Trust - FoggingMachine Restricted Fogging machine
for softplay		 0 500 500 0
National Lottery- Communityconnector Restricted Half year funding
for community
connector		 0 13,333 13,333 0
Ryde Town Council - Community Connector Restricted Half year funding
for community
connector		 0 20,000 20,000 0
Independence at Home - Scooter Restricted Pass throughgrant 0 289 289 0
Isle Of Wight CountyCouncil - Supported a cRestricted Supported
volunteering		 0 3,684 3,684 0
isle of Wight Council - Food Grant Restricted Christmas food
activites		 0 4,500 4,500 0
Total Funds as per SOFA and balance sheet 56,762 276,248 223,588 109,422

17

Annual Report 2020

Tangible fixed assets
Office Equipment Motor
Vehicles
Fixtures,
fittings and		 Property Total
equipment
£ £
£		 £
Cost B/f 5,732 8,500 30,983 90,000 135,215
Additions 349 349
As at 31st December 2020 6,081 8,500 30,983 90,000 135,564
Depreciation
Depreciation is calculated on Straight Line Basis, over a period of 5 years for Motor Vehicles, fixtures and fittings and Computer
Server Equipment. Property is depreciated over 50 years.
Depreciation Charge Office Equipment Motor
Vehicle
Fixtures and
**Fittings **		 Property Total
Depreciation b/f 3,027 5,100 4,044 - 12,171
Charge inyear 2020 1,146 1,700 6,377 - 9,223
Annual Report 2020 Annual Report 2020 Annual Report 2020 Annual Report 2020 Annual Report 2020 Annual Report 2020 Annual Report 2020 Annual Report 2020

Tangible fixed assets
Office Equipment Motor
Vehicles		 Fixtures,
fittings and
equipment		 Property Total
£ £ £ £
Cost B/f 5,732 8,500 30,983 90,000 135,215
Additions 349 349
As at 31st December 2020 6,081 8,500 30,983 90,000 135,564
Depreciation
Depreciation is calculated on Straight Line Basis, over a period of 5 years for Motor Vehicles, fixtures and fittings and Computer
Server Equipment. Property is depreciated over 50 years.
Depreciation Charge Office Equipment Motor
Vehicle		 Fixtures and
**Fittings **		 Property Total
Depreciation b/f 3,027 5,100 4,044 - 12,171
Charge inyear 2020 1,146 1,700 6,377 - 9,223
As at 31st December 2020 4,173 6,800 10,421 - 21,394
Net book value Office Equipment Motor
Vehicle		 Fixtures and
**Fittings **		 Property Total
Net Book Value as 31st December 2019 2,705 3,400 26,939 90,000 123,044
Net Book Value as 31st December 2020 1,908 1,700 20,562 90,000 114,170
Debtors and prepayments
Analysis of debtors This year Last year
£ £
Trade debtors 4,918 10,769
Prepayments and accrued income
Other debtors
Total 4,918 10,769
Creditors and Accruals
Amounts falling due within one year
Analysis of creditors This year Last year
£ £
Accruals and Deferred Income 98,814
Trade creditors 4,425 22,870
Taxation – PAYE/NI 1745 15
Other creditors 152 129
105,136 23,014
This year Last year
Analysis of Provisions £ £
Provision for bad debt 3,333 1,386
Other Liabilities
Blanche Johnson Memorial Fund – Aspire are actingas Trustees for Grants to be awarded to the Wight Diamonds Synchro Squad.
Cash at bank and in hand
This year Last year
£ £
Bank Accounts 184,574 34,438
Paypal 0 162
Petty Cash and Till float 50 91
Total 184,624 21,101

18

Annual Report 2020

Our financial supporters

We would like to thank everyone who funds our work including regular donors, everyone who attends our groups, buys from our charity shop or café and who used our soft play facility.

We would particularly like to thank Jamie Winterbottom and Xander Huber for sailing around the Island and raising over £17,000 for Aspire in the process

We have also been fortunate to receive

funding this year from the following organisations:

Funder £
Ryde Town Council 40,000
The National Lottery 40,000
Isle Of Wight County Council-Business Support Grants 38,334
Isle of wight county council-covid services 37,701
Power to Change 20,000
Government Furlough Support 11,667
Community Action Isle of Wight-Coronavirus response 9,481
HIWCF 8,970
Police and Crime Commissioner 7,785
Sovereign Housing 7,511
Southampton City Council-Suicide Prevention Grant 7,343
Isle of Wight Foundation 6,730
CAF-Martin Lewis Corona Virus Fund 6,000
CAF-Coronavirus Emergency Fund 5,500
Isle Of Wight County Council-ACL Grant 2019-20 (2 of 2) 1,930
Artswork Ltd-Lets Create Packs Ryde/Pan 1,000
Community Action Isle of Wight-Support for Covid Resilience Worker 1,000
The Rank Foundation 750
BSA-Sewing Machine Grant 500
Institute of Physics-British Science Week 500
High Sheriff Trust 500
Neighbourly-Coronavirus Grant 400
Independence at Home-Scooter 289
Total 253,890

We also receive lots of support from businesses in the local community who offer their services for free including this year from Biffa Waste Services, Island Fire Alarms and The Rod Father