THE ASPIRE ACADEMY & TUITION CIO.
## For the period ended 31 May 2024
Registered Number: 10114131 Registered Charity Number: 1175485 England and Wales
## THE ASPIRE ACADEMY & TUITION CIO.
Report of the Director/Trustee and Unaudited Financial Statements
## **Period of accounts**
**Start date:** 01 June 2023 **End date:** 31 May 2024
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THE ASPIRE ACADEMY & TUITION CIO.
For the period ended 31 May 2024
|**Contents Page**||
|---|---|
|Charity/company information|3|
|Trustee’s/Director's report|4|
|Examiner/Accountants' report|6|
|Income statement|7|
|Statement of financial position|8|
|Notes to the financial statements|10|
|Detailed income statement|14|
2
## THE ASPIRE ACADEMY & TUITION CIO.
For the period ended 31 May 2024
## **Charity/Company Information**
## For the period ended
## 31 May 2024
**Director** Mr. Malki Calliste-St-Louis **Trustee** Mr. Hamzah Muhammad **Registered Number** 10114131 **Charity Registered Number** 1175485 **Registered Office** Northfields Community Centre 71A Northcroft Road Ealing London W13 9SS **Accountants** CJ and Company Ltd Suite 206 Boston House 69-75 Boston Manor Road Brentford TW8 9JJ **Bank** Anna (PAYRNET) PO Box 1130 Cardiff CF11 1WF Sortcode:23-11-85 Account 63937236
3
THE ASPIRE ACADEMY & TUITION CIO.
## For the period ended 31 May 2024
## **Trustee’s/Director's Report**
## **Trustee’s/Director's report and financial statements**
The Trustees (directors) present their annual report and the financial statements for the year ended
[31st _May_2024].
## **Principal activities**
Principal activity of the company during the financial period was of..
General Secondary Education
Post-Graduate Level Higher Education
Other Education not Elsewhere Classified
Educational Support Services
## **Director**
The director who served the company throughout the period was as follows: Malki Calliste-St-Louis
## **Trustee**
The trustee who served the company throughout the period was as follows: Hamzah Muhammad
4
## THE ASPIRE ACADEMY & TUITION CIO.
## For the period ended 31 May 2024
## **Statement of director's responsibilities**
The trustee and director is responsible for preparing the trustees’/directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
- select suitable accounting policies and then apply them consistently make judgements and accounting estimates that are reasonable and prudent state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in
- business.
The trustee and director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustee and director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions
## **Director's Report**
On behalf of the board.
Malki Calliste-St-Louis Director Date approved 9[th] April 2025
5
THE ASPIRE ACADEMY & TUITION CIO.
## For the period ended 31 May 2024
## **Trustee's Report**
On behalf of the board of trustees.
Hamzah Muhammad Trustee Date approved: 9[th] April 2025
Accountants/Examiners’ report
You consider that the company is exempt from an audit for the year ended [30th_May_2024] . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
[CJ and Company Ltd]
..................................................
CJ and Company Ltd Suite 206 Boston House
69-75 Boston Manor Road
Brentford TW8 9JJ 25[th] March 2025
6
## THE ASPIRE ACADEMY & TUITION CIO.
## For the period ended 31 May 2024
## **Income Statement**
||**Notes**|**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
|**Turnover**||2,024|29,672|
|Cost of sales||(3,673)|(14,960)|
|**Gross profit**||**(1,649)**|**14,712**|
|Administrative expenses||(7,287)|(20,291)|
|Other operating income|2|5,000|1,000|
|**Operating profit/(loss)**|3|**(3,936)**|**(4,579)**|
|**Profit/(Loss) on ordinary activities before taxation**||**(3,936)**|**(4,579)**|
|Tax on profit on ordinary activities||-|-|
|**Profit/(Loss) for the financial period**||**(3,936)**|**(4,579)**|
7
## THE ASPIRE ACADEMY & TUITION CIO.
## For the period ended 31 May 2024
|Statement of Financial Position
As at 31 May 2024
**Notes**
**Fixed assets**
Tangible fixed assets
5
Profit and loss account
8
**Members' funds**
**Current assets**
Cash at bank and in hand
**Creditors: amount falling due within one year**
6
**Net current assets**
**Total assets less current liabilities**
**Creditors: amount falling due after more than one**
**year**
**Net liabilities**
7
**Capital and reserves**|**2024**
**£**
732
**732**
10,091
(3,632)
**6,459**
7,191
(16,603)
**(9,412)**
(
9,412
)
**(**
**9,412**
**)**|**2023**
**£**
732
**732**
11,648
(2,289)
**9,359**
10,091
(15,567)
**(5,476)**
(5,476)|
|---|---|---|
|||**(5,476)**|
For the period ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
## Trustee’s and Director's responsibilities:
The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
The trustee and director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
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THE ASPIRE ACADEMY & TUITION CIO.
For the period ended 31 May 2024
Statement of Financial Position As at 31 May 2024
The financial statements were approved by the trustee and director on 25 March 2025 and were signed by:
Malki Calliste-St-Louis
Director
On behalf of the board of trustees.
Hamzah Muhammad Trustee
9
THE ASPIRE ACADEMY & TUITION CIO.
## For the period ended 31 May 2024
## **General Information**
THE ASPIRE ACADEMY & TUITION CIO. is a registered charity. Charity Registration number: 1175485 and a private company, limited by guarantee, registered in England and Wales, registration number 10114131, registration address, Northfields Community Centre, 71 A Northcroft Road, Ealing, W13 9SS.
The presentation currency is £ sterling.
## **1. Accounting policies**
## **Significant accounting policies Statement of compliance**
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
## **Basis of preparation**
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the
company. **Turnover**
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
## **Tangible fixed assets**
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|e following basis:||
|---|---|
|Motor Vehicles|25% Reducing Balance|
|Fixtures and Fittings|25% Reducing Balance|
|Computer Equipment|25% Reducing Balance|
## **Stocks**
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads
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## THE ASPIRE ACADEMY & TUITION CIO.
## For the period ended 31 May 2024
## **2. Other Operating income**
||||
|---|---|---|
|**Other Operating income**
Government Grants
Donations|**2024**
**£**
3,000
2,000
**5,000**|**2023**
**£**
1,000
-|
|||**1,000**|
## **3. Operating profit/(loss)**
|**Operating profit/(loss)**|||
|---|---|---|
||**2024**|**2023**|
||**£**|**£**|
|The operating profit/(loss) is stated after charging:|||
|Depreciation of tangible fixed assets|-|401|
## **4. Average number of employees**
Average number of employees during the period was 3 (2023 : 3)
11
## THE ASPIRE ACADEMY & TUITION CIO.
## For the period ended 31 May 2024
## **5. Tangible fixed assets**
|**5. Tangible fixed assets**|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|**Cost or valuation**
Plant and
Machinery
Motor
Fixtures
Vehicles
and Fittings
**£**
**£**
**£**
At 01 June 2023
56
45
295
Additions
-
-
-
Disposals
(56)
(45)
-
At 31 May 2024
**Depreciation**
At 01 May 2023
56
45
189
Charge for period
-
-
-
On disposals
(56)
(45)
-
At 31 May 2024 - - **189**
Net book values
Closing balance as at
31 May 2023
**-**
**-**
**106**
Opening balance as at
01 June 2024
**-**
**-**
**106**
**6. Creditors: amount falling due within one year**
Accrued Expenses
Other Creditors
**7. Creditors: amount falling due after more than one year**
Other Creditors
-
-
**295**
||Plant and
Machinery
**£**
56
-
(56)
56
-
(56)
-
**-**
-
|
|Motor
Vehicles
**£**
45
-
(45)
45
-
(45)
-
**-**
-|
|Fixtures
and Fittings
**£**
295
-
-
189
-
-
**189**
**106**
**295**
|
|**1,394**
Computer
Equipment
**£**
2,020
-
-
1,394
-
-
**626**
**2,020**
|
|**1,684**
**Total**
**£**
2,416
-
-
1,684
-
(101)
**732**
**732**
**2023**
**£**
1,281
1,008
-
**2,289**
**2023**
**£**
15,567
**15,567**
**2,416**
|
||||
||
||
||
||
||||||||||||
||||||||
||
||
|||**-**||**-**||**106**||**626**|||
|||||||||**2024**
**£**
921
2,711
-
**3,632**
**2024**
**£**
16,603
**16,603**|||
12
## THE ASPIRE ACADEMY & TUITION CIO.
For the period ended 31 May 2024
## **8. Profit and loss account**
||**£**|
|---|---|
||**2024**|
|Balance at 01 June 2023|(5,476)|
|Profit/Loss for the financial period|(3,936)|
|Balance at 31 May 2024|**(9,412)**|
## **9. Company Limited by Guarantee and a Charity**
The company is limited by guarantee and is a charity, therefore has no shares
13
## THE ASPIRE ACADEMY & TUITION CIO.
## For the period ended 31 May 2024
## Detailed Income Statement For the period ended 31 May 2024
|||**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
|**Turnover**||||
|Fee Income||2,024|29,666|
|Bank Interest||-|6|
|||**2,024**|**29,672**|
|**Cost of sales**||||
|Direct Costs|3,673||14,960|
|||(3,673)|(14,960)|
|Gross profit||**(1,649)**|**14,712**|
|**Administrative expenses**||||
|Staff Training|720||1,254|
|Accountancy Fees|114||-|
|Rates & Water|168||-|
|Light, Heat & Power|403||3,290|
|Cleaning of Premises|207||-|
|General Rates|215||1,173|
|General Travel Expenses|-||30|
|Bank Charges|67||150|
|Depreciation Charge: Plant & Machinery|-||24|
|Depreciation Charge: Motor Vehicles|-||19|
|Depreciation Charge: Fixtures & Fittings|-||35|
|Depreciation Charge: Computer Equipment|-||323|
|Advertising|2,159||4,800|
|General Insurance|107||916|
|Repairs & Renewals|-||53|
|Stationery & Postage|-||-|
|Telephone, Fax & Internet|709||2,827|
|Sundry Expenses|69||1,080|
|Subsistence|-||13|
|Software Costs|679||883|
|Administration|1,208||3,257|
|General Office Expenses|462||184|
|||(7,287)|(20,291)|
|**Other operating income**||||
|Government Grants|1,000|1,000||
|Donation|2,000|-||
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THE ASPIRE ACADEMY & TUITION CIO.
For the period ended 31 May 2024
## Detailed Income Statement For the period ended
31 May 2024
||5,000|1,000|
|---|---|---|
|Operating profit/loss|**(3,936)**|**(4,579)**|
|**Profit/(Loss) on ordinary activities before taxation**|**(3,936)**|**(4,579)**|
|**Profit/(Loss) for the financial period**|**(3,936)**|**(4,579)**|
15