ASP WELCOk41NG SAFÉ- 5VPPORTIVE- 8£LONGING ANNUAL REPORT 2023 Ir Call 01983 716020 Website www.aspireryde.org.uk Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2023 The Trustees present their report with the financial statements of the charity for the year ended 31st December 2023. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Repomng Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. Charity Name.. Aspire Ryde Charitable incorporated Organisation Resistered Number= 1163336 Registered Address= Aspire Ryde. Trinity Buildings. Oover Street, ltyde, Isle of Wight, P033 2BN. rrrustees r Robert (Bob) White Chair Mr Nicholas England - Vice Chair r David Stane5by {joined 3rd February 2023) rs Lara SLJssman (Resigned 27th July 20231 rs Beverley Jessop (Resigned 27th October 2023} rs Sabrina Lippell (joined 3rd February 2023} r Nick Mulhern Mr Mike Drinkwater (Not reappointed Left 20th November 20231 Mr Ben Brown (joined 3rd February 2023) Page I Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2023 Contents of the Annual Report and Financial Statements for the Year Ended 31st December 2023 Page Ito15 Report of the Trustees Report of the Independent Auditors 16to17 Statement of Financial Attivities 18 Balance Sheet 19 Cash Flow Statement 20 Notes to the Cash Flow Statement 21 Notes to the Financial Statements 22to32 Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2023 Bankers The Cooperative Bank Po Box 250 Bridle Road Delf House Bootle Southway L30 4GB Skelmersdale WN8 6WT Legal Glanvilles Damant Limited The Courtyard St Cross Business Park Newport Isle of Wight P030 5BF Auditors Sheen Stickland Chartered Accountants Statutory Auditors 7 East Pallant Chichester West Sussex P019 ITR Page 2 Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2023 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 Offi'cer (CEO) with some delegated authority to undertake the day-to-day operation and further development of the charity on their behalf. Mr Robert (Bob) White has continued as Chair throughout 2023 with Dr Nicholas England as Vice-chair. 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 one person to become a trustee of Aspire Ryde. Whilst 2023 has seen the departure of three Trustees, Three further Trustees have come into post in 2023. We are extremely grateful to those who have served and stepped down from this role in the past year. Page 3 Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2023 Organisational Structure (continued) Risk Management The Trustees and CEO routinely examine the organisation and its reputational and operational risks when preparing strategic plans and developing projects. A corporate risk register is presented at Trustee meetings ensuring that organisational risks are at the forefront of all decision-making. Furthermore, regular reports of fi'nancial viability at Trustee meetings and an annual audit of the 3ccounts ensure financial risks are examined in detail. Aspire Ryde has developed a good range of policy documents to underpin how it operate5 SO It is fair, consistent and can demonstrate good practr"ce. Risk assessments are undertaken for each project and actr"vity. Arrangements for setting Pay and Remuneration The Trustees have appointed a Remuneration Committee led by the Vice Chair to oversee pay arrangements within the organisation. The Committee agrees general payawards and makes specifi.c recommendatr.ons regarding the Chief Executives pay and that of other senior managers, regularly reviewing salary levels within similar sized charities in order to benchmark. Purpose The Purposes of the organisation are: ADVANCEMENT OF RELIGION "TO ADVANCE THE CHRISTIAN FAITH TrIROUGH M155ION & PARTNERING WITH OTHER CHRISTIAN CHURCHES FOR THE 8ENEFIT OF THE PUBLIC IN ACCORDANCE WITH THEANGLICAN STATEMENTS OF BELIEF- - TO DEVELOP THE CAPACITY AND SKILLS OF THE MEMBERS OF THE SOCIALLY AND ECONQMICALLY DISADVANTAGED COMMUNITIES OF THE ISLE OF WIGHTIN SUCHA WAY THAT THEY ARE BE￿£R ABLE TO IDENTIFY AND HELP MEET THEIR NEEDS, AND TO PARTICIPATE MORE FULLY IN SOCIETY IHROUGH ACCESS TO SOCIAL ACTIVITY, INFORMATION, EDUCATION AND ACCOMMODATION Objectives The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit, The organisation has done this by providing numerous services and activities that deliver our charitable purposes. These are detailed on page 7. The organisation delivers its purpose through six defined strategic Priorities: Mental Health Loneliness and Isolation Poverty and Financial Instability Education and upskilling Safe, Welcoming spaces Housing and Homelessness Page 4 Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2023 Chair Bob White writes: Aspire has continued to bless the population of the Island through the work it undertakes. This has been more evident than ever in 2023 as the work has spread from Ryde to other parts of the Island through new services and projects. We continue to see God's blessing through the work that is done and we look to him to sustain and develop the charity further. CEO Trevor Nicholas writes: 2023 has been a year of consolidation following the significant growth of the previous year. The Living Well and Early Help service has become embedded in the local community, winning a national award along the way. Work has been ongoing to develop housing at the high street premises and new operational managers have helped underpin the ongoing work of the organisation. l am extremely grateful to Trustees, Staff and Volunteers for all their hard work and most importantly to God for his remarkable provision in the work that we do. Page S Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2023 What we delivered Over 148,000 contacts with people in the year. Over 45,000 hours of employment through our projects. Around 34,000 hours of volunteering locally. Delivering £27.5m worth of social and economic value to our community. Page 6 Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2023 What we delivered Annual Employment Volunteering Discounted Additional Communlty contacts Sustained hours fees social value Value 3,678 21,840 11,034,750 11,253,150 16800 14,560 840,OCKJ I,IXKI,600 12,(K)O 2,l¢XJ 7,200,OC(J 7,302,0 2,(K)O 1,200,OLKJ 1,211,250 460 3,340,0(KJ 3,359,5 SC 300,0(XI 303,750 180,OCK) 257,500 945,000 952,500 90,(K)O 165,0 loo,￿0 125,000 10,0 21,000 120,0(K) 123,000 30,000 31,500 0,000 210,000 90,0(KJ 92,000 240,0( 305,000 50,419 51,919 360,OCN) 510,000 120,0 121,5 loo,000 24,960 27,521,129 Prolert Living Well individual support Living Well Groups Kingdom Play Cotnmunity Cafe Waves of Wellness Gardening Project Community Lunches Information Points ARCH ike Project Paint Project Sewing Group Upcycling Group Creative Hub Craft Group5 Food and Fun Football Violence Reduction General Volunteering Tea Dance Food Project Trustees input Tota15 1,5 2,1 750 3,750 18,LK)O 150 150 225 1.7X) 150 75,(( 2,IIKI 5,41XJ 1,5 6C(I 3CQ lo,￿0 5,IKiO 250 2,500 750 150 1,2(K) 18,IK)O 2Cil 1,0 45,c￿j0 1,500 150 15,(KK) 150 1.250 624 17.51X> 312 148,750 87,500 45,150 34,349 307,250 26,4LN),169 Page 7 Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2023 We supported over 20,000 people over the past year through our dedicated team of support workers and community development workers . Through reducing social isolation we estimate that we have delivered over £12m of social value in 2023. The Living Well and Early Help Service Aspire began delivering the Living Well and Early Help Servi￿ in April 2022. The service is delivered in partnership with other community hubs.. Pan Together, West Wight Sports and Social Club and Ventnor Town Council. We are grateful for the input of all partners that make up the LWEH Board and for their expertise and guidance in developing the service. During our first full year of contract delivery, we have been able to expand our reach to engage with around 1400 residents monthly across the Isle of Wight through the groups and activitr.es that we provide. Additionally, we regularly support in excess of 300 people a month with 1-2-1 support, advice and signposting and a551Stance with accessing other Services. Many of these cases are complex and involve co-ordinating a number of agencies and service providers to ensure a joined-up approach In 2023 our creative model was recognised with a national IESE award for innovation in Health and Social Care, Since winning the award we have been invited to speak around the country about our model and the benefi'ts it can provide to the community. We are extremely grateful to our Head of Service Shirley Bradshaw and the whole staff team who continue to work tirelessly for the benefit of our local community. Page 8 Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2023 Aspire Dover Street Our Creative Hub continues to grow, securing a number of new grants and now developing a paid team to oversee it's running. 1,1 Our escape room also continued to develop, generating additional income for the charity as a whole and gathering excellent reviews from those who have played. It has been a year of change in the cafe and softplay with the number of session5 being reduced due to reduced attendance. However, food and fun holiday sessions have been expanded and are extremely popular. We rnade over 48,000 contacts with people during the year through our services at Dover Street Efforts continue to secure additional funds for development of the building. This added over £IOm in social value to the local economy by helping people find PL¢rpose and friendship through our services. We expanded our employment of former volunteers in the Kitchen and the Creative Hub. Page 9 Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2023 Over 76,000 contacts were made with people using our service during 2023. ASPIRE RYDI COMMUNITY HUI We added £465,000 community value through helping people integrate in their community and enhance their social networks. Aspire High Street Plans to develop the upper floors of the building into supported housing have been slow during the year. Having purchased the property in 2022. prices for refurbishment were much higher than projected and additional funding has been sought. Current plans are now to fully develop both first and second floors into seven self-contained units. Shop sales have continued to improve and new management towards the end of 2023 has brought additional experience and knowledge to the project. It has been good to get to know many of the regular customers better and we are grateful for the community support that we receive. Our community projects continue in the building including the Bike project which recycSes and sells donated bikes, Community Re-Paint which sells donated paint and ensures it is not disposed of in landfi'll, Upcycling, wh ich improves and sells donated furniture and the sewing group which cater5 for around 20 attendees every week and helps improve skills and socialising. Future plans to develop the building further to house a cafe and performance area are being developed and in the early stages at present. Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2023 Aspire in the community Aspire continues to deliver services across the community both in partnership with the living well and early help service and beyond. Our waves of wellness project expanded during the year to provide support and opportunity for young people as well as adults experiencing fluctuating mer)tal health. We continue to provide football in the community for young people and partnered with others to provide holiday activities around the Island. We regularly host the Ryde community forum and seek to work in partnership with other charitable organisations for the beneh't oflsland residents. We made around 2tK)O contact5 in the community through our services and projects during 2023. This added approximately £3.4m in community value alongside helping to keep peoples mental health stable and reducing acts of violence within the community. Page 11 Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2023 Events and Fundraising Aspire continues to fundraise and raise awareness of our work through estsblished local events and appeals. In 2023 we were named Red Funnel's charity of the year. This raised around £30,000 for us across the course ofthe year through customer donations and 'in-kind' support such as advertising and marketing. Regular events such as the Island Highland gathering, Medina Tattoo, Dash and Splash and the Island Night Walk also raised vital funds for the organisation. We once again ran our Christmas appeal in partnership with Isle of Wight radio and worked with them on their toy appeal. We were able to provide hampers to many families across the Isle of Wight through the generosity of local businesses and individuals. Page 12 Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2023 Events and Fundraising We are so grateful to both our grant funding bodies and to our supporters who give their time and energy to fundraise for us. We would like to acknowledge and thank the following.. Red Funnel Isle of Wight County Council Isle of Wight NHS Ryde Town Council Wightlink Wave 105 Hampshire County Council The Office of the Police and Crime Commissioner The Hewland Trust The National Lottery Community Fund The Hampshire and Isle of Wight Community Foundation Dr Kieron Cooney and the Island highland Gathering team B&Q Foundation BBC Children in Need Centrica Management Services Horsler Lifts Macarthy and Stone South Western Railway Southern Co-op Sovereign Housing Association Isle of Wight Radio Biffa Waste WRS Systems IW Lions And all of our anonymous individual donors and supporters who give so much behind the scenes. Page 13 Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2023 Financial Review The Charity ha5 made a loss within the 2023 financial year. There are a number of reasons for this including the cost of living impacting on both the cost of salaries and the levels of sales income generated in year. An expansion of softplay facilities did not achieve the desired increase in sales. Trustees and senior managers took action within the year and a staffing restructure reduced ongoing costs considerably. The charity is forecast to break even in 2024. Reserves Policy Trustees maintain a policy of keeping six months of operats.ng costs in reserve based on anticipated ongoing costs if certain operations cease. Our policy states that action will be taken to reduce activity if reserves drop below three months cover. In line with thi5 policy, achon has been taken to reduce some activity in year to ensure financial balance and the expectation is that reserves cover will grow in future years following this action. Future Plans Aspire Ryde has had a year of consolidation following considerable growth in 2022. We also continue to be challenged by the current economic climate and the growing demand for our services. Towards the end of 2023 it has been necessary to restructure some parts of the organisation to ensure financial sustainability and longevity in our provision. As we look to the future. we are keen to build on the stsble foundation that is now in place. We will do this through sustainable and planned growth and working in partnership with other like-minded organisations where possible. In line with our strategy we will seek further opportunities. acr05S the Isle of Wight, to support those in vulnerable posib'ons and with a partbcular emphasis on those living in isolation, poverty or with poor mental or physical health. We will seek further opportunity to support people with housing, whether dirertly or in partnership, recognising that this is the most significant need for many Island residents and the challenges involved in developing and providing additional direct housing provision. Page 14 Annual Report and Accounts for Aspire Ryde CIO Year Ended 31st December 2023 srATEMENT OF TRUSTEES. RESPONSIBIUTIES rhe trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales, the Charities Act 2011. Charity (Accounts and Reports) Regulations 2008 and the provisions of the Constitulior) require the trustees to prepare financial statements for each linancial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resourtes, including the income and expenditure, of the Charity for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently* observe the methods and principles in the Charity SORP,. make judgements and estimates that are reasonable and prudent,. state whether applicable accounting Standards have been followed, subjert to any material departures disclosed and explained in the financial statements,. prepare the linancial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The trustees are responsible for keeping proper accounting records which di5c105e with reasonable accurary at any time the financial position of the Charity and to enable them to ensure that the tinancial ststements compty with the Charities Act 2011, the Charity (Accounts and Reportsl Regulations 2008 and the provisions of the constitution. They are also responsible for safeguarding the asset5 01 the Charity and hence for taking reasonable steps lor the prevention and detection ol fraud and other irregularities. Approved by order of the board of trustees on IS October 2024 and signed on its behalf by.. Mr Bob White, Chair ol Tru5tee5 Page 15 keport of the Independent Auditors Its Ihe'fru5tee5 of Aspire Ryde CIO OpinioD We hThvL audited the financial sthiements of Aspire Rydc CIO {the'chartly'l for thc y￿r end¢d 3 iji t)ccCM￿r 2023 which con]prise thc Statcjnent of FinanLial Activiiies. the ilalance sh￿1, lh¢ Cash F'low Sts¢em¢DI and notcs to thc firhat)cial stat¢tnents, irlcliiding a summary of signifi¢ant ac¢ounting poliei¢s. 'I'he f￿ancial IqK)riing frdmcwork thai ha5 bLcn applied iheir preparation ts appliiabl¥ law and Unit¢d Kingdoni Accounting StaTrdards IUnit¢d Kingdom Gcncrally Accepted A¢¢ountin8 Practice). In OUT opinion Éhe finarhcial statetnents.. give a truc and fair view of ihc state of the charity's affairs as at 31 D￿emb¢r 2023 and of ils incoming r¢SOu￿¢S at application of resources, for the year thcn cnded., have been properly prepared in ac¢4)rdan¢¢ with United Kingdom Genera]ly Accepted A¢¢oun(ing Practice.. and have been pr¢paTed in accordance with th¢ requircm¢nts of the Chariti¢s Act 2011. Basis for opinio Wc condiLCtcd oiir gudil in accordance wilh Intcrnalional %iandards on Audiiing (UK) IISAS (UKI) and appliLdble law. Oiir responsibililiLs under Ihos¢ standards ar¢ fvrthcr dcscrib¢d In the Audiiors. responsibilities for the audit of ¢he financial staiemcnrs SC¢iion of our rc]x)rt. Wc are tndcpcndcnt olthc charity in a¢ci)rd3nce with thc ethical ieqiiiremenis that Éirc rLlevani io oiir audil of ihc financial siaicincnts in thc UK. including ihe FRC'S Eihical Standard, and wc have fiiifillcd OUT othcr ethical resy)nsibililics in accordancc with ihcsc TCqULrcTnLiJts. We ￿lieVe that the diidil evidcnce we have obiaincd is suffhcieni and appropriaie to providc a basis for OUT Opltiion. Concl￿$[￿11$ relating to going concerD In auditing the fIn￿in¢la1 stslLmcnis, hav¢ concluded ihat the trustees, use of ihc goiThg con¢ern basis of a¢￿￿nting in the preparic lion of ihc financial siatLmenis is appropriat¢. Buscd on thc work wc hai'L pcrfornicd, havL not id¢ntificd any material unL¢ttsintics relating to cvenls 01 conditions thai, individiially or collcciivcly, y cast significant doubt un ihe charity's abiliiy io conliiiiic d5 a going conccin lor a peiiod of ai ILast twelve Inonihs from when the financial stal¢ments' are auihorised for i￿￿e_ Our Tcspoll5ibilitios llnd ihe rcsponsibiliiics of the irustecs wilh respecl to going conccrn arc d¢s¢ribed in thc relcvanl scclions of this r¢port. Other information Thc triLslce.8 TC rcspon5iblL fvi Ihe oiher infoniiation. The oihcr infonnatLOll LompTiSCS ihe infonnation in¢luded in thc Aniiu2£ l Report, othcr (han IhL fin¢lllLial siaiements and our ReEM)rl of th¢ Indcpcllden( Audilors tlier¢on. Oiir opinion on th¢ financial slatcmcrhts docs n(Trl cover iht other infom)ation and, ¢xcept10 the cxienl odierwise cxpli¢itly Slilted in oiir rcpori, Ive do noi cxpr¢s5 any form olassutancL coii¢l(Ision thereon_ In conncciion with our aiidil of ihe financial ststemenis. our responsibility is lo read the oiher informalion and, in dLiing so. Consider ivheiher th¢ other information is tlla(erialls' illLonsistcnt with the financial slaicnicnts 01 oiii knowlcdg¢ obi4iiiiLd in ihc cli￿1[ or othitwise appears t(J be IiMieii111)' misstslLd. If WL ideniify suih nialcrial inconsislcncies or iipparLnl ILriii I misstsiLincnis. we rLqiiir¢d lo dLieiniine i%.hLtheF ihis gi￿¢5 rise to a nialcrial mi5slalcniLiit in thc rinanci&l 8ia(cmenls ihen)scli'LS. If, basuid on thc work IVL havc peTformed. wc ¢oncludL Iliat (hcrc Is a niatcrial rnisstr. In preparing the financial statements. the trus￿ arc resw>nsible for assessing the charily's ability io continu¢ as a going ¢oticern, disclosing, as Jpplicable, fflaltrrs relaied to going¢on¢em and using the going cot)ciYn basis of accounting unless thc Inisl¢¢s ¢ither intend tu liquidatL thc ch￿IlY or ￿ Cease operalions, or have no rcalistic alternalivc but to do so. Our responsibilities for the audlt •f the financial statements We liav¢ been appointcd as audilors under 5¢¢1ion 144 of the Charities Act 20 1 l and rcport in accoidancc with thc Act and relevant regulations mad¢ or haviThg effect tbcreundcr. Our objcctiwes arc lo obtain r¢asonablc as5urancc aboutwhether ihe financial stat¢mcntsHs a whole arc frc£ frotn material misslatem¢ni, wheihcr du¢ to fraud or error. and to issue a Repott of th¢ I￿d¢￿ndcnl Audiiors that incliidcs oiir opinion. Reagonabl¥ assiiran¥¢ is a high level of a5suranc£. bul is not a guarantcc that an aiidil conducicd in accordancc with ISAS {UKI will alivays d¢twt a iiiaterial misslalcrnenl whcn it cxists. MissthiLmcnts can arise from fraud or CETor and ar¢ considered tnateri?L l it-, Individually OT in ihc 1¢ ggr¢gaic. thcy could r¢asonably ￿ eX￿{¢d to influcncc the economic decisions of USCTS taken on thc basi5 of thcsc financial swicrnents. Th¢ cxt¢nt to ivhich our procLilurc5 arc capable of I￿¢¢11ng irr¢gulariii¢s. irKluding fraud is detailcd below.. Enquiry of managLmcnt. thosc chargcd wilh govcmancc and th¢ cntity's solicitors aroynd actual and potential liligalion and claims. rLvicwing minutes of mcctiri8s of those chaTgd wi¢h govcrnan Recciving financial statemcnt disclosutC5 and Icming to supporting dwumcnraiion to aksess compliance with applicable laws and rcgiil£ilions Auditing diL risk of managcmcnt ovcrridc of conlrols. including throll￿} Icsting jOLirnal cnirics and other adjustmLIIIS for appropriatcnLss. nd ¢valiiating the busincss raiionalc of signifi¢ant transacliutLS Outsidc the normal wurse of business. A fiirthir dcscripiion of our r¢spgnsibililic5 for thc aLidil olihe financial stsi¢mcnts is located 011 the Finaiicial Reporiing Council's ivebsilc ai ivww.fw.QTg.Iiklaudilor5rcsponsibililies. Tliis d¢s¢riplion fU￿nS pan of oiir Rcpoil of thL ItLdependctLI Aiidiiors. Use of our report This rcpori is m. IhL IILk1rd of Trus[cL￿ and auihoiiscd foi i5Sw oil l )' (k-loiK'I 2Q)4 aiid ￿'cre sigTn¥d on lis b¥li?L11-bJ': li IlÉib NVhilL. C'h£1ir i)f l-ruslcLS Page 19 Aspire kyde Cl C#$h Flow Statement for the Year Lnded Jlst December 2023 2023 2022 NotCS Cash nows from oper*lin% activities Cash gen¢Till¥d from opcratlofis 99.lknl 9,283 Nct cash providcd by opciating activities 99.061 9,283 Cush floivs from investing activities Pur¢has¢ of iangible fix¢d assets SalL of tgngible fixed ass¢ts InlLrisi rL'Leivid 144.087) 120 l.(M16 (31(Tr.6Q3) N¢1 cash iiscd in investing aciiviii¢s 142.961) (310,603} Casb flows from 1Snancing activities Ncw loans in yeai L4)an ropaynicnts in year 279,500 377 Nel cash (uscd inllprovidcd by financing activilics (3771 279,500 Change ii) cash cash equiv*lents in the reporting period Cash ca4h equivalent$ 4t the b¢RinninR of the reporting period 55.723 121,8201 130,680 152,500 Cash and cash equivaltnt5 Ilt the end of the reporting period 186,403 130,680 Page 20 Aspire Ry41e CIO Notes to the Cash Flow Statement for the Year Ended 31st De¢ember 2023 RECOPICILIATION OFNET (EXPENDITVREYINCOME TO NETCASH FLOW FRVM OPLIiAI'ING ACTIVITIES 2023 2022 Net lexpendilureyincome for the reporting period las per the Stgtement of Tr'inaiicial Activities) Adjustments for: Deprcciaiion ¢harges tDss on disposal of fixed assets Interest r¢c¢ived D¢cr¢ascl{in¢rease) in dcbtots In¢r¢ase in creditors (60,477) 25.-125 26,178 1.095 (1.006) 101,510 21.838 1132.699) 94,819 Net prnvided by operatiOIIS 99,061 9.283 ANALYSIS OTr. CHANGF;S IN P4ET DF.BT Atl.1.23 Cash flow Atll.12.23 Net ¢a$h Cash ai bank 2nd in hand 130,680 55,723 186.403 130.680 18(1,403 Debt Debis falliThg diic wiihith l y¢ar Debis falling duc aftLY l year 1445} 279,054 (3,029) 3,404 (3.474} 275,650 279,499) 375 279 124 Tot*1 148,819 56,098 92.721 Page21 Aspire Ryde CIO Notes to the Fim•n¢ial Stat¢m¢Dts for the Yegr Ended 31st DeceDJber 2023 ACCOUNTING POLICIES Basis of preparing the financial stattment5 The financial siatcm¢nrs of thc charity. whieh is a public ￿nefIt enlity under FRS 102. have been prepawd in accordancc wilh th¢ Charitics SORP {FRS 102) 'AccouThting aNI Reporiing by Charilies.. Statem¢nl of R¢¢ommcnd¢d Prncticc applicable lo Lharilics PtCP7dtin¥ their4lCCOUnts in a¢¢oTdance with ihc Fi￿nClaI R¢poriing Standard applicdblc in the UK and Rcpublic of Ireland (FRS 102} (eifc£tive l January 2019),, Finan¢ial ReportitL8 Standard 102 The Financial Rcporting Standard applicable in the UK and R¢publi¢ ofireland, and the Charlties Aci 201 l. The financial siaicments have be¢n prepared under the historical cosi convention. Income All inLomc is rccogniscd in ihc Staienicnt of Financial ActivitiL% onc¢ ihe chariiy has cntitletnent to ilic funds, it is probable ibat the incom¢ ivill b¢ rcceiyed and thc amount tan be in¢asurcd r¢liably. Expenditure Liabilitics are rc¢ognts¢￿ as expendilure as 500n a5 thcre is a le8al or constructivc obligation committing th ch22 BHC Childrcn in Necd Ci)iiimiinity Action IW Goi>d Excl]￿l[L8¢ Hampshir¢ Courht), Council HIWCF Isle l)f Wight CoiinÉy Council N¢ltion,72(1 Page 23 Aspire Ryde CIO N&tes to the Financial Stxtements- tonli￿lled for the Year Ended 31st Deeembtr 2023 O-I'HLR-I'RADING ACTIVI-I-IF.S 2023 2022 Trading sal¢s HirL rooms 51.284 35,R95 42.053 25.541 67,594 INVE$'I.￿.1LNT INCOhlE 2023 2022 D¢posil 2¢¢011nt intcresl 1.006 INCOME FROi¥I CHARITABLE ACTIVITIES 2023 2022 Activily ChaTitable Activitics Income Other Charithbl¢ActLVlties Chariiablc Activitics Incomc Lhving Well and Early Help Scrviccs 93,085 768,902 82,127 537,093 861,987 619,220 RAI.SING FUNDS Raising donatio￿$ and Itg*cies 2023 2022 Siaff cosis Costs of raising funds 14.487 4,651 12,2( 2,131 19,138 14,397 CHARII"ABLF. ACI'IVITIES COST Support cosis Isc¢ notc 81 Ditcct Costs Totals Otli¢r Cliariiciblc AcliN'ilics Chi)rildblL AciivitiLs liinded by GNIts Lii'ing W¢ll nd Early Hclp S¢rviics 328,686 114,014 607.437 194.407 523.093 14,014 )07,417 1,0$0.137 194,407 1,244 544 Page 24 Aspire Ryde CIO Notes to the Tr"inan¢ial St&tement5- eontithued for the Year Ended 31st Dectrnber 2023 SUPPORT COS"I"S Infonnalion ¢echnology Management Tcsources Othcr Chariiablc Aclivities 128,83 5,219 Goveman¢e Other Totals Other Charirable Aclivili¢s 48,351 11,195 194,407 TRUSTEES, REMUNERATIOl* AND BENEFITS Therc W¢￿ no tThistces' rcmiincration or othcr ￿n¢fIts for thc y¢ar endcd 31si Dccetnber 2023 nor for t]i¢ year cndcd 31 si t)cccmbcr 2Q22. Trustees. expenses Th￿￿ wcrc no ttustLYs' ex￿nSeS paid for the ycar cnded 31s1 De¢emb¢r2023 nor for thc yiar cndcd 31st D¢c¢mbcr 2022. 10. STAFF cO￿s 2023 2022 Wages salaries Sts¢i,096 72,734 Motor vchicles Computer equipment Totsls Valiiation in 2019 Cost 84,7J6 416.907 29.590 9.223 29,590 9.223 sn l.fA3 14. DEBTOKS: ATrIOUTr4TS FALLING DUE IVITHIIN ONb YEAR 2023 2022 Tr the Finantial StatemeTr¢s- tontinued for the Year Lnded 31st December 2023 A9. MOVEMENT IN FUNDS- eontinued Comparitives for movement in funds Net rnovemcnl In fuTh Trhnsfers bclivcen funds At 71.12.22 Al 1.1.22 IJDrestri¢ted funds General fund Revaluaiion res¢rv¢ Fixcd As5¢1s Designatcd R¢scrvcs 158,179 84.736 13,099 l()0.761} 10.517 84,736 60,761 60.761 242.91 S 13,099 256,014 Restrictcd fund$ Wave 105 for lQid% Ilclp with Hcaiing Fund H¢wiand Trust 1.702 5.994 4.530 1,702 5,994 4.530 12.22 12,226 TOTAL FUNDS 242,915 25,325 268.240 CompardiiV¢ n¢t nwvemenl in fun