THE ASPIRE ACADEMY & TUITION CIO
Company Limited by Guarantee No. 10114131 Registered Charity No. 1175485
Registered Office: Northfields Community Centre 71A Northcroft Road Ealing London W13 9SS
MANAGEMENT REPORT AND FINANCIAL STATEMENTS
Financial Period
1 April 2024 – 31 March 2025
Comparative figures included for:
1 April 2023 – 31 March 2024
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Contents
Page
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Charity Information
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Trustees' and Directors' Report
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Strategic Review
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Financial Review
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Statement of Financial Activities (Comparative)
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Balance Sheet (Comparative)
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Future Priorities
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Charity Information
| Item | Details |
|---|---|
| Charity Name | The Aspire Academy & Tuition |
| Company Number | 10114131 |
| Charity Number | 1175485 |
| Director | Malki Calliste-St-Louis |
| Trustee | Hamzah Muhammad |
| Accountant | CJ and Company Ltd |
| Bankers | Anna Money (PayrNet Ltd) |
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Trustees' and Directors' Report
Principal Activities
The charity provides supplementary educational support to children and young people through:
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General Secondary Education
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Post-Graduate Level Higher Education Support
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Educational Support Services
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Tuition in English, Mathematics and Science
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Learning support for disadvantaged learners
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Educational intervention for learners at risk of underachievement
The charity's objective is to improve educational outcomes and reduce educational inequality through affordable and accessible tuition.
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Strategic Review
Educational Impact
During the year Aspire Academy continued to provide supplementary tuition and educational support to learners across:
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Key Stage 2
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Key Stage 3
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GCSE
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A-Level
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ESOL
The organisation maintained its commitment to supporting learners from disadvantaged backgrounds, including:
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Low-income households
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Single-parent families
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Learners with special educational needs
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Home-schooled learners
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Learners at risk of educational underachievement
Historically, approximately:
| Category | % of Learners |
|---|---|
| Concessionary Places | 52% |
| Full Fee Paying | 9% |
| Free Places | 39% |
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Key Challenges During 2024/25
Trustee Illness
Operations were significantly affected when the principal trustee became seriously ill and required hospitalisation during the academic year.
Additional tutor costs were incurred to maintain continuity of provision.
Recruitment Challenges
Recruitment activities were delayed following periods of illness affecting key personnel.
Funding Constraints
Grant funding continued to support delivery; however restrictions attached to some grants limited the organisation's ability to generate working capital through fee income.
Reduced Visibility Following Relocation
Following relocation from previous high-street premises, learner recruitment remained challenging due to reduced public visibility and lower levels of footfall.
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Financial Review
Income Performance
Income increased significantly during 2024/25.
| Year | Turnover |
|---|---|
| 2024 | £7,892.91 |
| 2025 | £14,170.20 |
| Increase | £6,277.29 (79.5%) |
This growth reflects increased tuition activity and learner engagement during the year.
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Financial Result
| Year | Net Surplus/(Deficit) |
|---|---|
| 2024 | (£7,303.36) |
| 2025 | (£357.00) |
The charity reduced its operating deficit by approximately 95%, demonstrating substantial improvement in financial performance.
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Statement of Financial Activities
Comparative Profit & Loss Account
Year Ended 31 March 2025 - Comparative Year Ended 31 March 2024
| Income & Expenditure | 2025 (£) | 2024 (£) |
|---|---|---|
| Turnover | 14,170.20 | 7,892.91 |
| Cost of Sales | (982.38) | (4,972.75) |
| Gross Profit | 13,187.82 | 2,920.16 |
| Rent | (2,134.45) | (1,437.74) |
| General Rates | (770.00) | (1,064.23) |
| Utilities | (139.91) | (1,542.33) |
| Travel | (231.60) | (575.00) |
| Communications & IT | (1,430.37) | (1,377.55) |
| Professional & Accountancy Fees | (6,064.70) | (2,218.33) |
| Insurance | (759.91) | (268.40) |
| Subscriptions | (543.99) | (773.24) |
| Administration & Other Expenses | (1,469.89) | (966.70) |
| Total Expenses | (13,544.82) | (10,223.52) |
| Net Profit/(Loss) | (357.00) | (7,303.36) |
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Statement of Financial Position
Comparative Balance Sheet
| As at 31 March 2025 - Comparative As at 31 March 2024 | As at 31 March 2025 - Comparative As at 31 March 2024 | |
|---|---|---|
| Assets | 2025 (£) | 2024 (£) |
| Fixed Assets | 3,339.55 | 3,006.22 |
| Current Assets | 41,310.11 | 32,529.70 |
| Total Assets | 44,649.66 | 35,535.92 |
| Current Liabilities | ||
| Liabilities | 2025 (£) | 2024 (£) |
| Current Liabilities | (57,522.14) | (48,051.40) |
| Net Assets | ||
| 2025 (£) | 2024 (£) | |
| Net Current Assets/(Liabilities) | (16,212.03) | (15,521.70) |
| Net Assets/(Liabilities) | (12,872.48) | (12,515.48) |
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Fixed Asset Analysis
| Asset Category | 2025 (£) | % of Total |
|---|---|---|
| Office Equipment | 2,222.04 | 66.54% |
| Furniture & Fixtures | 442.35 | 13.25% |
| Motor Vehicles | 367.33 | 11.00% |
| Capital Expenditure | 265.83 | 7.96% |
| Plant & Machinery | 42.00 | 1.26% |
| Total | 3,339.55 | 100% |
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Going Concern
The trustees have reviewed the financial position of the charity and believe that the organisation remains a going concern.
However, the charity continues to face significant funding pressures and remains dependent upon:
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Grant funding
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Fee income
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Trustee support
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Fundraising opportunities
The trustees are actively exploring additional funding opportunities to strengthen long-term sustainability.
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Future Priorities
The charity's priorities for the next financial year are:
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Increase learner recruitment.
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Secure additional grant funding.
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Develop a sustainable mixed-income model.
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Expand support for disadvantaged learners.
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Strengthen financial reserves.
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Invest in marketing and community outreach.
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Trustee Statement
The trustees confirm that they have complied with their duties under the Companies Act 2006 and Charity Commission guidance in preparing these financial statements.
Signed on behalf of the Board
Malki Calliste-St-Louis Director
Hamzah Muhammad Trustee
Date: ______ 01/06/2026
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