## **Trustee report for period 5th August 2021 – 31st December 2022** 

## **Objective** 

Removing financial barriers to the legal profession for aspiring solicitors. 

## **Strategy** 

Raise funds from law firms, in-house legal departments, companies, financial services firms, and other donors to help provide grants that deliver meaningful assistance with tangible benefits to eligible, socially mobile, aspiring solicitors identified through a fair and objective application process. 

## **Vision** 

Financial barriers will no longer impact aspiring solicitors seeking to enter the legal profession in the UK. 

## **Values** 

- We promote equality of **opportunity** . 

- We **empower** people to achieve their potential. 

- We offer **practical** solutions. 

- We are **collaborative** in our approach in the **necessary** change. 

## **Overview** 

The Aspiring Solicitors Foundation (AS Foundation) was established as a Charitable Incorporated Organisation 16 April 2018. A period of research, platform development, and benefactor engagement enabled a successful live launch on 29 January 2020. 

The AS Foundation has a registered Charity Number of 1177969 and is governed by the Charity Commission CIO Association Model Constitution. 

The object of the AS Foundation is the relief of financial hardship facing undergraduate, graduate, and postgraduate students (part time / full time), from the United Kingdom, to help them to pursue a career as a solicitor in England, Scotland, Wales, and Northern Ireland, in particular but not exclusively by making grants by way of the provision of items (either outright or a loan) to facilitate, or connected with, education  and/or vocational training including but not limited to books, laptops, chairs, printers, or other expenses connected with vocational training, travelling expenses to help fund training. 

The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the AS Foundation’s aims and objectives and in setting grant making policy for the period. 



An independent examiner has inspected the AS Foundation’s accounts.  The Trustees have a reasonable expectation that the AS Foundation has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the ‘going concern’ basis in preparing the financial statements. 

The AS Foundation has a policy to provide sufficient reserves to finance its liabilities and statutory requirements. 

## **Charitable Activities** 

The AS Foundation has continued to grow during the period. We expanded our board of Trustees, saw an increase in the number of donations granted, and the number of applicants applying for support, and hired additional contractors to help support the resulting increase in operational services. We also increased and strengthened our partnerships with universities, and SQE providers. This meant we were able to provide a significant number of scholarships to aspiring solicitors via our partnership agreements with SQE and LPC providers. 

We received 487 applications in this reporting period, and have been able to provide 92 laptops, 16 textbook grants, 5 travel warrants, 51 grants for business clothing, 41 scholarships for SQE or LPC postgraduate courses, including other financial support to successful applicants. 

With our robust, anonymised scoring system, we are confident we are reaching those who need our support the most. Our successful applications record the following profile of applicants: 

- 87% attended a state school (non-selective) secondary school. 

- 90% are the first generation of their family to attend university. 

- 69% were eligible to receive free school meals aged 11-16 due to financial limitations. 

- 15% are a full-time carer for a loved one. 

- 6% have been a refugee or asylum seeker. 

- 5% have spent time in local authority care. 

- 61% were in paid employment during holiday periods of their university degree to support themselves. 

We believe the AS Foundation continues to be a unique charity for the UK legal profession, as far as we are aware, no other charity performs the same function of granting items that are needed to aspiring solicitors. 

## **Funding and Support** 



For this financial period, we continued to rely on two key income streams: 

- Donations from law firms, corporate legal teams, and other business organisations. The majority of these were unrestricted cash donations. 

- Donations from individuals. 

We continued to strengthen our relationship with the Law Society and were awarded a grant to utilise in 2022. 

We are grateful for the significant fundraising provided by businesses and law firms, but with the current economic climate, we understand the need to widen our fundraising efforts in the hope our financial liquidity can match the growing demand for our grant-giving services. We therefore plan to invest in diversifying our income sources. 

## **Board and Staffing** 

Our board of Trustees increased to seven members during the period with an appointment made in May 2022. Our Trustees have a variety of experiences in the legal sector and we continue to look to strengthen and diversify our board where needed. 

During the period, we increased our paid staff to three, part-time contractors to help support with the growth and increased demand on the charity. An Operations Manager was hired in February 2022 to support the Director and Operations Administrator. 

## **Future** 

Trustees have identified the following actions: 

- Develop existing and new funding streams with multi-year commitments. 

- Continue to build relationships with universities, student unions, and charity partners. 

- Trustee’s – please add anything here I may have missed 

The Trustees present this report along with the financial statements of the AS Foundation for the financial year ended 31 December 2022. The financial statements have been prepared in accordance with the accounting policies set out on pages [-] and comply with the AS Foundation’s constitution and applicable law. 

Trustees note that due to  the  expiry of trustee terms in post and also resignations from existing  trustees  that  the  charity  will  need  to  replace  exiting  trustees  and add  further resourcing options to facilitate continued growth and success. 

This report was approved by the Trustee Board on [-] 2023. 



I fl-123
Aspiring Solicitors FoundatK*n
tharity No. 1177969
Trustees. Report and Unaudtted Accounts

Asplrlng 5olldtors Foundation
Contsnts
Pages
Trustee5' Annual Report
Independent Examiner's ReF)Ort
Statement of Flnanclal ActSvStles
Summary Income and Expenditure Account
Balance Sheet
Notes to the Accounts
Detalled Statement of Hnanclal Actlvltles
15

AsplrlnB Soli¢itors F￿ndatIofi
TTUStees Annual Report
The Trustees p￿sent their report with the unaudited financial ststements of the Charity for the
year ended 31st December 2022.
REFERENCE AND AOMINISTrATIVE DETAILS
Charfty No. 1177969
R¢8lstered Offlce
9 Park Lane Buslness Centre
Park Lane
Langham, Colchester
Essex
C04 5WR
Trustees,
The followln8 Trustees. service during the year:
E. Cope
S. GrSffln
B. Howells
J. Hutchens
S. Samanl
S. Sinclair
T. Smith
C. Whlte
{Resl8ned 30 September 2021}
Attountants
LJ Rose Aceountlng Ltd
9 Park Lane Business Centre
Park Lane
Lan8ham
Essex
C04 5WR

Asplrlng Solkltors Foundatlon
Trustees Annual Report
The Trustees are responsible for keeping proper accounting records that disclose wlth reasonable accuracy at
any tlme the financial p05itlon of the Charity and to enable them to ensu￿ that they comply vAth the
Charities Act 2011, the applicable Charities {Accounts and Reports) Regulations 2C#)8, and the provlsions of
the Charity's constitutlon. The Trustees are also respon51ble for safeguarding the Assets of the Charity and
hence takin8 reasonable stsps for the preventlon and detection of fraud and other irregularltles.
Signed on behalf of the board
C. Whlte
Trustee
06 June 2023

Asplrln8 Sollcltors Foundatlon
Independent Examlners Report
Independent Examlner's Report to the trustees of Asplrfng Solkltors Foundatlon
I report lo the Trustees on my examination of the accounts of Aspiring Sollcitors Foundatlon for the year ended
31st December 2022 which comprise the Statement of Financial Activities. the Summary Income and
Expendlture Account, the Balance Sheet and related notes.
Responslbllltles and basls of report
As the Charity's Trustee you are responslble for the preparation of the accounts in accordan￿ wlth the
requlrements of the Charities Act 20111'the Art'l. The Trustees conslder that an audit is not requlred for this
year under s.144121 of the Art and that an Independent examinatlon Ss needed.
report In respect of my examlnatlon of the Charlty's accounts carrled out under section 145 of the Art and In
carryln8 Out my examlnatlon I have followed all the applicable directions given by the Charlty Commission
under section 14515llbl of the Act.
Independent •Jtamlnerfs statement
I have completed my examlnatlon. I can conflrm that no material matters have come to my attentlon Sn
connectlon wlth the examlnatlon 8iving me cause to belleve that..
The accountln8 records were not kept In respect of the Charlty as requlred by sectlon 130 of the Art.
The accounts do not accord wlth those records; or
The accounts dld not comply wlth the appllcable ￿qUIreMentS concernln8 the form and consent of
accounts set out in the Charltles (Accounts and Reports) Regulatlons 2008 other then any requlrement
that the accounts give a 'true and falr, vlew whlch Is not a matter consldered as part of an Independent
examlnatlon.
I have no concerns and have come across no other matters In connectlon wlth the examlnatlon to whlch
attentlon should be drawn In thls report In order to enable a proper understandlng of the flnanclal ststements
to be reached.
Llsa Rose FMAAT
LJ Rose Accounting Ltd
9 Park Lane Business Centre
Park Lane
Langham
Essex
C04 5WR
06 June 2023

Asplring 5ollcltors Foundatlon
Statement of Flnanclal Actlvftles
for the perlod ended 31 Decembèr 202Z
Unrestrlcted
funds Total funds Total funds
2022
2022
2021
Notes
Income and endowfflents
Donations and le8acies
209,478
209,478
157.794
Totsl
209,478
209.478
157,794
Expenditure on..
Grants payable
General administrative
48,987
108,424
48.987
108.424
56,502
65,196
Totsl
157,411
157.411
121.698
Net gains on investments
Net In¢ome
52,067
52,067
36.096
Transfers between funds
Net Income before other
galnsl(losses)
52,067
52.067
36,096
other gains and losses
Net movement In funds
52,067
52.067
36,096
Reeoncillatlon of funds:
Total funds brought forward
101,206
101.206
65.110
Totsl funds carrfed forward
153.273
153,273
101,206

Aspirfng Solicitor5 Foundation
5￿mmary Inc¢Nne and Expenditure ￿%￿Unt
forthe perfod ended 31 December
2022
2022
2021
Income
209,478
157,794
Gross Income for the perlod
209,478
157.794
Expendlture
157,411
121,698
Totsl expendlture for the perlod
Net Income before tax for the perlod
157,411
121.698
52,067
36,096
Net Incorne for the perlod
52,067
36,096

Aspirlng Sollcltors Foundatlon
Balance Sheet
at 311)ecember 2022
Company No. CE013811
Notes
2022
2021
Current assets
Cash at bank and in hand
154,341
154,341
11,0681
153,273
102,274
102,274
11,0681
101,206
101,206
101,206
Credltors: Amount falllng due wlthln one year
Net current assets
Totsl assets less current Ilabllltles
153.273
Net assets excludln8 penslon asset or Ilablllty
153,273
Totsl net assets
153.273
101,206
The funds of the charfty
Restrlcted fund$
Unrestrfrted funds
General funds
io
io
153.273
101,206
153,273
101,206
ReseMIs
io
Totsl funds
153,273
101,206
Approved by the board on 06 June 2023
And $18ned on Its behalf by:
C. Whlte
Trustee
06June 2023

Asplrlnz Sollcltors Foundatlon
ststement of Cash flows
for the perlod ended 31 De¢ember 2022
2022
2021
Cash flows from operatlng actlvltles
Net Income per statement of Flnanclal Actlvltles
52.067
36,096
Net cash pro¥lded by operatlna actlvltl•s
52.067
36.096
Net ¢a$h from Inv¢stlng artlvltl¢s
Net cash from flnan¢ln8 artl¥ltles
N•t Incrnam In ush and cash •qulval•nts
52,067
36,096
Cash and cash equlvalents at the beglnnlng of thè ptrlod
102.274
66,178
Cash and ush •qulvalents at thè end of the perlod
IS4,341
102,274
Components of cash and cash equl¥alents
Cash and bank balances
154,341
102,274
154,341
102,274

Asplrlng Solicltors Foundatlon
Notss to the Accounts
for the perlod ended 31 December 2022
l Accountlng poll¢ies
Basls of preparation
The flnancial statements have been prepared in accordan￿ with Accounting and Reportin8 by Charitles:
Statement of Recommended Pfattice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I
January 20151- (Charitie5 SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 and the Companies Act 2006.
Change in basis of actounting or to previous accounts
There has been no change to the accounting policie5 {valuation rules and method of accountin81 since
last year and no changes have been made to accounts for previous years.
Fund a¢¢ountln8
Unrestrirted funds These are available for use at the discretion of the trustee5 in furtherance of the
general objects of the charrty.
These are unrestrlcted funds eamarked by the trustees for partlcular purposes.
These are unrestrlcted funds which include a revaluatlon reserve representing the
ststement of Investment assets at their market values.
These are available for use subject to restrictions imposed by the donor or through
terms of an appeal.
tlesignated funds
Revaluation funds
Restricted funds
Income
Recognition of
income
Income is included in the Statement of Financial Activities (SOFA) when the charity
becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expendlture the income and related expenditure is
expenditure
reported gross In the SOF
Donations and
legacies
Voluntsry income received by way of grants, donatlons and glfts Is Included in the
the SOFA when receivable and only when the Charity has unconditional
entitlement to the income.
Tax reclaims on
Income from tax reclaims is included in the SOFA at the same time as the
donations and gifts gltvdonation to which it relate&
Donated servlces
These are only included in income Iwith an equlvalent amount in expenditure)
and facilities
where the benefrt to the Charity is reasonably quantifiable. measurable and
material.
Volunteer help
The value of any volunteer help received is not included In the accounts.
Investment income This is included in the accounts when receivable.
Gainslllossesl on
Thls Includes any gain or loss resulting from revaluing investments to market value
revaluatlon of fixed at the end of the year.
assets
Gainslllossesl on
investment assets
This includes any galn or loss on the sale of investments.

A%plrfng Sollcltors Foundatlon
Nrtes to the Accounts
Expendi￿re
Recognition of
expenditure
Expenditure 15 recognised on an accruals basis. Expenditure includes any VAT which
cannot be fully recovered. and is reported as part of the expenditure to whlch it
relates.
Expenditure on
These comprise the costs assoaated wlth attracting voluntary income. fundralslng
ralslng funds
tradlng costs and Investment management costs.
Expendlture on
These comprise the costs incurred by the CIHrity in t￿ delivery of its artNities and
charitable actlvities seprfices in the furtheran￿ of its objects Includln8 the making of grants and
governance costs.
All grant expenditure Is accounted for on an artual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paSd.
Other expendlture These are sUPPOrt costs not allocated to a particular actbwty.
Grants payable
Taxatlon
The chadty Is exernpt from corporatlon tsx on Its charitsble aCtivi￿S.
Cash and cash equlvalents
Cash and cash equlvalents comprfse cash at bank and on hand, demand deposlts wlth banks and other
short-temi hlghly Ilquld Investments with ori8lnal maturlties of three months or less and bank overdrnfts.
In the ststement of financlal posltlon, bank overdrafts are shown wlthln borrowlngs or current Ilabllltles.
In the Statement of Cash Flows, cash and cash equlvalents a￿ shown net of bank overdrafts that are
repayable on demand and form an Integral part of the companws cash mana8ement.
Trade and other crndltors
Short temi credltors are MeasU￿d at the transartlon prlce. Other credltors and provlslons are ￿cognISed
vthere the charlty has a present obllgation resultin8 from a past event that wlll probably result In the
transfer ot funds to a thlrd party and the amount due to settle the obligation can be measured or
estlmated rellabty. Credltors and provisions are normally recognlsed at thelr settlement amount after
allowln8 for any trade dlscounts due.

Asplrfnz Sollcltors Foundatlon
Notss to the kcounts
2 SLitement of Financial Activlties- prior year
UnRstrirted
funds
Restricted
fvnds Total funds
2021
2021
2021
Income and endowments from:
Donations and legacies
Totsl
157,794
157,794
157,794
157.794
Expendlture on:
Charitable activities
56,502
63,828
120.330
56.502
63,828
Other
Totsl
120.330
Net Income
37.464
37.464
Net Income before other
zalnslllosses}
Other 8alns and losses:
Net movement In funds
37,464
37.464
37,464
37,464
Reconclliation of funds..
Total funds brought fonvard
Total funds carrfed forward
59,110
96,574
6,000
65,110
102,574
3 Incom¢ from donation5 and legacles
Unrestrlcted
Total
Total
2022
2021
209.478
209.478
209.478
209,478
157,794
157.794
4 Expendituro on charftable artlvitles
Unrestricted
Total
Totsl
2022
Z021
Expenditure on choritoble
octivities
Grants made
48,987
48.987
56,502
Governance costs
48,987
48.987
56,502

Asplring Solicitors Foundation
Notes to the Accounts
5 Anafysis of grants
Grants to
Indfvidu*
5￿pport
Costs
Athlty or progrnmme
Total
Totsl
2022
48.987
48.987
108.424
108,424
157,411
157.411
118.603
118,603
Support
A¢Uvlty or prograrnme
Totsl
Totsl
2021
108.424
108,424
157.411
157.411
118,603
118,603
6 othor expendlture
Unrestrfcted
Totsl
Totsl
2021
17,4C
17.4CI)
17.620
Motor and travel costs
55
55
General administrative costs
89.356
1.613
108,424
89.356
1.613
108.424
46,208
1.368
65.196
Legal and professional costs
7 Trustee remuneratlon and expenses
2022
Number
2021
Number
Number of trustees paid expense5

Asplrfng Sollcltors Foundatlon
Notes to the Amnts
8 Staff costs
2021
Penslon costs
No employee received emoluments in excess of £60,(KXI.
Total employee beneffts recefved by key management
personnel
The average monthly number of full tlme equpfilent employees during the year was as follows:
2022
Number
2021
Number
9 Credltors:
amounts falllng due wlthin one year
2022
2021
Other uedltors
1,068
1,068
10 Movement In fvnds
Incomln8
At31
Dec•mber
2022
(Includlfi8
expended
At 5 plnsllosses
20
R•strkted funds:
UnrestTlcted fvnds:
G•noral funds
101,206
209,478
1157,4111
153.273
T•)tsl funds
11 Anatysls of net assets betlwen funds
101,206
209,478
1157,4111
153.273
Unrestrlct
funds
Total
Net cUr￿nt assets
153,273
153,273
153,273
153.273

Asplring Sollcltors Foundation
Note5 to the Accounts
12 Reconcili•tion of net debt
At31
December
2022
At 5 August
Cash and cash equivalents
102,274
102,274
52.067
52.067
154.341
154.341
Net debt
102,274
52.067
IS4.341

Aspirfng Solicltors Foundatlon
Detslled Ststement of Flnandal kts¥its
for the ￿riod ended 311)ecember 2022
Unrestrlcted
fvnds Total fvnds Totsl funds
2021
Income and endoTfftftts from:
l)onations and legacies
209,478
209,478
209,478
209,478
157,794
157,794
Totsl in¢ome and endowments
209.478
209.478
157.794
Expendlture on:
Charitable activities
Grants made
48.987
48.987
48.987
48.987
56.502
56,502
Total of expendlture on chaTitsble
artlvltles
48.987
48.987
56,502
Other expenditure
17,4(Kl
17,4(Kl
17.400
17.4CX)
17,620
17.620
Motor and travel costs
Fares
55
55
55
55
General admlnistrative costs.
including dep￿CIation and
amortisation
Softwa￿, IT support and related
costs
Stationery and prlnting
Sundry expenses
1.137
41
45.030
46,208
85.308
89.356
85,308
89,356
Legal and professional costs
Accountancy and bookkeeping
Other legal and professional
costs
1.068
545
545
300
1.613
1,613
1.368
T¢rtal of exPendI￿re of other costs
Total expenditure
Net gains on investments
108.424
108,424
65.196
157.411
157.411
121.698
Net Income
S2.1￿7
52,067
36.096
Net Incorne before other
galnslqlosses)
Other Gains
52,067
52.067
36,096

plring Solldtors Foundatton
Detslled Statsment of Flnandal ActIV￿
Net movement In fvnds
52.1%7
52,067
36,096
Reconciliation of luftds:
Total funds brought fonmard
101.206
101,206
65,110
Totsl fvnds carrled forward
153,273
153,273
101.206

I fl-123
Aspiring Solicitors FoundatK*n
tharity No. 1177969
Trustees. Report and Unaudtted Accounts

Asplrlng 5olldtors Foundation
Contsnts
Pages
Trustee5' Annual Report
Independent Examiner's ReF)Ort
Statement of Flnanclal ActSvStles
Summary Income and Expenditure Account
Balance Sheet
Notes to the Accounts
Detalled Statement of Hnanclal Actlvltles
15

AsplrlnB Soli¢itors F￿ndatIofi
TTUStees Annual Report
The Trustees p￿sent their report with the unaudited financial ststements of the Charity for the
year ended 31st December 2022.
REFERENCE AND AOMINISTrATIVE DETAILS
Charfty No. 1177969
R¢8lstered Offlce
9 Park Lane Buslness Centre
Park Lane
Langham, Colchester
Essex
C04 5WR
Trustees,
The followln8 Trustees. service during the year:
E. Cope
S. GrSffln
B. Howells
J. Hutchens
S. Samanl
S. Sinclair
T. Smith
C. Whlte
{Resl8ned 30 September 2021}
Attountants
LJ Rose Aceountlng Ltd
9 Park Lane Business Centre
Park Lane
Lan8ham
Essex
C04 5WR

Asplrlng Solkltors Foundatlon
Trustees Annual Report
The Trustees are responsible for keeping proper accounting records that disclose wlth reasonable accuracy at
any tlme the financial p05itlon of the Charity and to enable them to ensu￿ that they comply vAth the
Charities Act 2011, the applicable Charities {Accounts and Reports) Regulations 2C#)8, and the provlsions of
the Charity's constitutlon. The Trustees are also respon51ble for safeguarding the Assets of the Charity and
hence takin8 reasonable stsps for the preventlon and detection of fraud and other irregularltles.
Signed on behalf of the board
C. Whlte
Trustee
06 June 2023

Asplrln8 Sollcltors Foundatlon
Independent Examlners Report
Independent Examlner's Report to the trustees of Asplrfng Solkltors Foundatlon
I report lo the Trustees on my examination of the accounts of Aspiring Sollcitors Foundatlon for the year ended
31st December 2022 which comprise the Statement of Financial Activities. the Summary Income and
Expendlture Account, the Balance Sheet and related notes.
Responslbllltles and basls of report
As the Charity's Trustee you are responslble for the preparation of the accounts in accordan￿ wlth the
requlrements of the Charities Act 20111'the Art'l. The Trustees conslder that an audit is not requlred for this
year under s.144121 of the Art and that an Independent examinatlon Ss needed.
report In respect of my examlnatlon of the Charlty's accounts carrled out under section 145 of the Art and In
carryln8 Out my examlnatlon I have followed all the applicable directions given by the Charlty Commission
under section 14515llbl of the Act.
Independent •Jtamlnerfs statement
I have completed my examlnatlon. I can conflrm that no material matters have come to my attentlon Sn
connectlon wlth the examlnatlon 8iving me cause to belleve that..
The accountln8 records were not kept In respect of the Charlty as requlred by sectlon 130 of the Art.
The accounts do not accord wlth those records; or
The accounts dld not comply wlth the appllcable ￿qUIreMentS concernln8 the form and consent of
accounts set out in the Charltles (Accounts and Reports) Regulatlons 2008 other then any requlrement
that the accounts give a 'true and falr, vlew whlch Is not a matter consldered as part of an Independent
examlnatlon.
I have no concerns and have come across no other matters In connectlon wlth the examlnatlon to whlch
attentlon should be drawn In thls report In order to enable a proper understandlng of the flnanclal ststements
to be reached.
Llsa Rose FMAAT
LJ Rose Accounting Ltd
9 Park Lane Business Centre
Park Lane
Langham
Essex
C04 5WR
06 June 2023

Asplring 5ollcltors Foundatlon
Statement of Flnanclal Actlvftles
for the perlod ended 31 Decembèr 202Z
Unrestrlcted
funds Total funds Total funds
2022
2022
2021
Notes
Income and endowfflents
Donations and le8acies
209,478
209,478
157.794
Totsl
209,478
209.478
157,794
Expenditure on..
Grants payable
General administrative
48,987
108,424
48.987
108.424
56,502
65,196
Totsl
157,411
157.411
121.698
Net gains on investments
Net In¢ome
52,067
52,067
36.096
Transfers between funds
Net Income before other
galnsl(losses)
52,067
52.067
36,096
other gains and losses
Net movement In funds
52,067
52.067
36,096
Reeoncillatlon of funds:
Total funds brought forward
101,206
101.206
65.110
Totsl funds carrfed forward
153.273
153,273
101,206

Aspirfng Solicitor5 Foundation
5￿mmary Inc¢Nne and Expenditure ￿%￿Unt
forthe perfod ended 31 December
2022
2022
2021
Income
209,478
157,794
Gross Income for the perlod
209,478
157.794
Expendlture
157,411
121,698
Totsl expendlture for the perlod
Net Income before tax for the perlod
157,411
121.698
52,067
36,096
Net Incorne for the perlod
52,067
36,096

Aspirlng Sollcltors Foundatlon
Balance Sheet
at 311)ecember 2022
Company No. CE013811
Notes
2022
2021
Current assets
Cash at bank and in hand
154,341
154,341
11,0681
153,273
102,274
102,274
11,0681
101,206
101,206
101,206
Credltors: Amount falllng due wlthln one year
Net current assets
Totsl assets less current Ilabllltles
153.273
Net assets excludln8 penslon asset or Ilablllty
153,273
Totsl net assets
153.273
101,206
The funds of the charfty
Restrlcted fund$
Unrestrfrted funds
General funds
io
io
153.273
101,206
153,273
101,206
ReseMIs
io
Totsl funds
153,273
101,206
Approved by the board on 06 June 2023
And $18ned on Its behalf by:
C. Whlte
Trustee
06June 2023

Asplrlnz Sollcltors Foundatlon
ststement of Cash flows
for the perlod ended 31 De¢ember 2022
2022
2021
Cash flows from operatlng actlvltles
Net Income per statement of Flnanclal Actlvltles
52.067
36,096
Net cash pro¥lded by operatlna actlvltl•s
52.067
36.096
Net ¢a$h from Inv¢stlng artlvltl¢s
Net cash from flnan¢ln8 artl¥ltles
N•t Incrnam In ush and cash •qulval•nts
52,067
36,096
Cash and cash equlvalents at the beglnnlng of thè ptrlod
102.274
66,178
Cash and ush •qulvalents at thè end of the perlod
IS4,341
102,274
Components of cash and cash equl¥alents
Cash and bank balances
154,341
102,274
154,341
102,274

Asplrlng Solicltors Foundatlon
Notss to the Accounts
for the perlod ended 31 December 2022
l Accountlng poll¢ies
Basls of preparation
The flnancial statements have been prepared in accordan￿ with Accounting and Reportin8 by Charitles:
Statement of Recommended Pfattice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I
January 20151- (Charitie5 SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 and the Companies Act 2006.
Change in basis of actounting or to previous accounts
There has been no change to the accounting policie5 {valuation rules and method of accountin81 since
last year and no changes have been made to accounts for previous years.
Fund a¢¢ountln8
Unrestrirted funds These are available for use at the discretion of the trustee5 in furtherance of the
general objects of the charrty.
These are unrestrlcted funds eamarked by the trustees for partlcular purposes.
These are unrestrlcted funds which include a revaluatlon reserve representing the
ststement of Investment assets at their market values.
These are available for use subject to restrictions imposed by the donor or through
terms of an appeal.
tlesignated funds
Revaluation funds
Restricted funds
Income
Recognition of
income
Income is included in the Statement of Financial Activities (SOFA) when the charity
becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expendlture the income and related expenditure is
expenditure
reported gross In the SOF
Donations and
legacies
Voluntsry income received by way of grants, donatlons and glfts Is Included in the
the SOFA when receivable and only when the Charity has unconditional
entitlement to the income.
Tax reclaims on
Income from tax reclaims is included in the SOFA at the same time as the
donations and gifts gltvdonation to which it relate&
Donated servlces
These are only included in income Iwith an equlvalent amount in expenditure)
and facilities
where the benefrt to the Charity is reasonably quantifiable. measurable and
material.
Volunteer help
The value of any volunteer help received is not included In the accounts.
Investment income This is included in the accounts when receivable.
Gainslllossesl on
Thls Includes any gain or loss resulting from revaluing investments to market value
revaluatlon of fixed at the end of the year.
assets
Gainslllossesl on
investment assets
This includes any galn or loss on the sale of investments.

A%plrfng Sollcltors Foundatlon
Nrtes to the Accounts
Expendi￿re
Recognition of
expenditure
Expenditure 15 recognised on an accruals basis. Expenditure includes any VAT which
cannot be fully recovered. and is reported as part of the expenditure to whlch it
relates.
Expenditure on
These comprise the costs assoaated wlth attracting voluntary income. fundralslng
ralslng funds
tradlng costs and Investment management costs.
Expendlture on
These comprise the costs incurred by the CIHrity in t￿ delivery of its artNities and
charitable actlvities seprfices in the furtheran￿ of its objects Includln8 the making of grants and
governance costs.
All grant expenditure Is accounted for on an artual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paSd.
Other expendlture These are sUPPOrt costs not allocated to a particular actbwty.
Grants payable
Taxatlon
The chadty Is exernpt from corporatlon tsx on Its charitsble aCtivi￿S.
Cash and cash equlvalents
Cash and cash equlvalents comprfse cash at bank and on hand, demand deposlts wlth banks and other
short-temi hlghly Ilquld Investments with ori8lnal maturlties of three months or less and bank overdrnfts.
In the ststement of financlal posltlon, bank overdrafts are shown wlthln borrowlngs or current Ilabllltles.
In the Statement of Cash Flows, cash and cash equlvalents a￿ shown net of bank overdrafts that are
repayable on demand and form an Integral part of the companws cash mana8ement.
Trade and other crndltors
Short temi credltors are MeasU￿d at the transartlon prlce. Other credltors and provlslons are ￿cognISed
vthere the charlty has a present obllgation resultin8 from a past event that wlll probably result In the
transfer ot funds to a thlrd party and the amount due to settle the obligation can be measured or
estlmated rellabty. Credltors and provisions are normally recognlsed at thelr settlement amount after
allowln8 for any trade dlscounts due.

Asplrfnz Sollcltors Foundatlon
Notss to the kcounts
2 SLitement of Financial Activlties- prior year
UnRstrirted
funds
Restricted
fvnds Total funds
2021
2021
2021
Income and endowments from:
Donations and legacies
Totsl
157,794
157,794
157,794
157.794
Expendlture on:
Charitable activities
56,502
63,828
120.330
56.502
63,828
Other
Totsl
120.330
Net Income
37.464
37.464
Net Income before other
zalnslllosses}
Other 8alns and losses:
Net movement In funds
37,464
37.464
37,464
37,464
Reconclliation of funds..
Total funds brought fonvard
Total funds carrfed forward
59,110
96,574
6,000
65,110
102,574
3 Incom¢ from donation5 and legacles
Unrestrlcted
Total
Total
2022
2021
209.478
209.478
209.478
209,478
157,794
157.794
4 Expendituro on charftable artlvitles
Unrestricted
Total
Totsl
2022
Z021
Expenditure on choritoble
octivities
Grants made
48,987
48.987
56,502
Governance costs
48,987
48.987
56,502

Asplring Solicitors Foundation
Notes to the Accounts
5 Anafysis of grants
Grants to
Indfvidu*
5￿pport
Costs
Athlty or progrnmme
Total
Totsl
2022
48.987
48.987
108.424
108,424
157,411
157.411
118.603
118,603
Support
A¢Uvlty or prograrnme
Totsl
Totsl
2021
108.424
108,424
157.411
157.411
118,603
118,603
6 othor expendlture
Unrestrfcted
Totsl
Totsl
2021
17,4C
17.4CI)
17.620
Motor and travel costs
55
55
General administrative costs
89.356
1.613
108,424
89.356
1.613
108.424
46,208
1.368
65.196
Legal and professional costs
7 Trustee remuneratlon and expenses
2022
Number
2021
Number
Number of trustees paid expense5

Asplrfng Sollcltors Foundatlon
Notes to the Amnts
8 Staff costs
2021
Penslon costs
No employee received emoluments in excess of £60,(KXI.
Total employee beneffts recefved by key management
personnel
The average monthly number of full tlme equpfilent employees during the year was as follows:
2022
Number
2021
Number
9 Credltors:
amounts falllng due wlthin one year
2022
2021
Other uedltors
1,068
1,068
10 Movement In fvnds
Incomln8
At31
Dec•mber
2022
(Includlfi8
expended
At 5 plnsllosses
20
R•strkted funds:
UnrestTlcted fvnds:
G•noral funds
101,206
209,478
1157,4111
153.273
T•)tsl funds
11 Anatysls of net assets betlwen funds
101,206
209,478
1157,4111
153.273
Unrestrlct
funds
Total
Net cUr￿nt assets
153,273
153,273
153,273
153.273

Asplring Sollcltors Foundation
Note5 to the Accounts
12 Reconcili•tion of net debt
At31
December
2022
At 5 August
Cash and cash equivalents
102,274
102,274
52.067
52.067
154.341
154.341
Net debt
102,274
52.067
IS4.341

Aspirfng Solicltors Foundatlon
Detslled Ststement of Flnandal kts¥its
for the ￿riod ended 311)ecember 2022
Unrestrlcted
fvnds Total fvnds Totsl funds
2021
Income and endoTfftftts from:
l)onations and legacies
209,478
209,478
209,478
209,478
157,794
157,794
Totsl in¢ome and endowments
209.478
209.478
157.794
Expendlture on:
Charitable activities
Grants made
48.987
48.987
48.987
48.987
56.502
56,502
Total of expendlture on chaTitsble
artlvltles
48.987
48.987
56,502
Other expenditure
17,4(Kl
17,4(Kl
17.400
17.4CX)
17,620
17.620
Motor and travel costs
Fares
55
55
55
55
General admlnistrative costs.
including dep￿CIation and
amortisation
Softwa￿, IT support and related
costs
Stationery and prlnting
Sundry expenses
1.137
41
45.030
46,208
85.308
89.356
85,308
89,356
Legal and professional costs
Accountancy and bookkeeping
Other legal and professional
costs
1.068
545
545
300
1.613
1,613
1.368
T¢rtal of exPendI￿re of other costs
Total expenditure
Net gains on investments
108.424
108,424
65.196
157.411
157.411
121.698
Net Income
S2.1￿7
52,067
36.096
Net Incorne before other
galnslqlosses)
Other Gains
52,067
52.067
36,096

plring Solldtors Foundatton
Detslled Statsment of Flnandal ActIV￿
Net movement In fvnds
52.1%7
52,067
36,096
Reconciliation of luftds:
Total funds brought fonmard
101.206
101,206
65,110
Totsl fvnds carrled forward
153,273
153,273
101.206