## **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_ 

3.     Charity Information 

4. Trustees' and Directors' Report 

5. Strategic Review 

7. Financial Review 

9. Statement of Financial Activities (Comparative) 

10. Balance Sheet (Comparative) 

13. 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: 

- General Secondary Education 

- Post-Graduate Level Higher Education Support 

- Educational Support Services 

- Tuition in English, Mathematics and Science 

- Learning support for disadvantaged learners 

- 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: 

- Key Stage 2 

- Key Stage 3 

- GCSE 

- A-Level 

- ESOL 

The organisation maintained its commitment to supporting learners from disadvantaged backgrounds, including: 

- Low-income households 

- Single-parent families 

- Learners with special educational needs 

- Home-schooled learners 

- 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: 

- Grant funding 

- Fee income 

- Trustee support 

- 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: 

1. Increase learner recruitment. 

2. Secure additional grant funding. 

3. Develop a sustainable mixed-income model. 

4. Expand support for disadvantaged learners. 

5. Strengthen financial reserves. 

6. 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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