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2024-08-31-accounts

Charity Registration No. 1195424

ASPIRATIONS DAY PROGRAM ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

MAYNARD HEADY LLP

CHARTERED ACCOUNTANTS

ASPIRATIONS DAY PROGRAM

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

LSnow T J Harris H Blackburn CJ Emerton

(Appointed 29 October 2024) (Appointed 18 February 2025) (Appointed 5 June 2024) (Appointed 6 September 2023)

MrJ P Gosnell

Charity number (England and Wales)

Independent examiner

Bankers

1195424

Robert James Wybrow Matrix House 12-16 Lionel Road Canvey Island Essex ssa 9DE Lloyds Bank PLC 120 Lewisham High Street London SE13 6JG

ASPIRATIONS DAY PROGRAM

CONTENTS

Page
Trustees' repor 1-9
Independent examiner's repor 10
Statement of financial activities 11
Balance sheet 12
Statement of cash flows 13
Notes to the financial statements 14-26

ASPIRATIONS DAY PROGRAM

TRUSTEES'REPORT

FOR THE YEAR ENDED 31 AUGUST 2024

The Trustees present their annual report and financial statements for the year ended 31 August 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

Objectives and activities

Our objective is to support people to be healthier by addressing health inequalities and helping to prevent poor health.

By providing inclusive places, spaces and activities for people to come together to share their experiences, this creates a support network of trust.

We work with women facing multiple disadvantages and complex needs, including those who have experienced extreme adverse childhood experiences, domestic abuse or sexual violence. We support women who have had their children removed from their care due to mental health and addiction problems.

Our services support people with addiction problems as well as extending support to friends and family members of individuals with addiction problems. We also provide support for men and women dealing with the criminal justice system.

Our impact

Carries Outreach - Unique Support for Women.

Our drop-in service continues offers a range of activities & essentials, including:

ASPIRATIONS DAY PROGRAM

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2024

Activities

We also partner with relevant agencies to provide a comprehensive support system. What sets us apart is our women-only service, where:

This unique approach makes our service truly special and one-of-a-kind in our city. We have recently extended our drop-in service to women with mental health as it was apparent the city needed women only safe spaces in the town, we see the need so we delivered women only mental health drop in sessions.

Local services such as sexual health, drug & alcohol services, mental health, homeless services all attended our drop-in service offering a unique approach to our city, this is an area we have trail blazed in within our city.

We have been able to emergency accommodate women into B&Bs while in crisis while we work with homeless agencies in our city to get the women in to suitable accommodation. Because of this fast track approach adopted from our street prostitution strategy there are currently no hidden homeless or homeless women amongst our cohort due to the memoriam of understanding we asked local agencies to sign up too.

This is testament to the fantastic partnership working we have built on in our city creating long term systemic change for vulnerable women in our city.

Carries Outreach were thrilled to collaborate with Sarah from the Rough Sleepers Mental Health Team, offering Art Therapy Sessions at our women's service. Together with the women, Sarah facilitated the creation of a beautiful and inspiring Tree of Life mural on the wall of our drop-in center.

Sarah's role is vital in empowering the women and fostering a safe, trusting environment. The Tree of Life serves as a symbolic piece that allows the women to freely express themselves, connecting with their inner child through art. Many of these women have experienced significant childhood trauma, so Sarah's ability to guide them to that safe space speaks volumes about her impact. This work has been invaluable, and the women thoroughly en[j] oyed the sessions.

We marked International Women's Day 2024 with the theme hosting a pamper day with agencies and service users to empower and celebrate the women in our team and those we serve. This special day was a wonderful opportunity to acknowledge the value and contributions of our female team members and foster a supportive environment that promotes gender equality and empowerment.

During the event, we recognized the impact of small gestures, such as expressing appreciation and recognition, which can make a significant difference in creating a more inclusive and supportive workplace culture. By taking action and showing genuine appreciation, we were able to create a positive and uplifting atmosphere that celebrated the women in our community.

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ASPIRATIONS DAY PROGRAM

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

We are proud to have taken this step towards for women everywhere and are committed to continuing our efforts to promote gender equality and empowerment. The pamper day was a huge success, and we look forward to building on this momentum to create a more inclusive and supportive environment for all .

Carrie's Outreach: Empowering Vulnerable Women through Trauma-Informed and Gender-Informed Approaches

Our outreach & drop-in services are led by a leader with lived experience has been a beacon of hope for vulnerable women in our community. By incorporating trauma-informed and gender-informed approaches, we've created a safe and supportive environment that acknowledges the complex needs of the women.

Trauma-Informed Approach

Our trauma-informed approach recognizes the prevalence of trauma in the lives of the women we serve. We prioritize creating a sense of safety, trust, and allowing women to feel empowered and supported. This approach informs every aspect of our work, from our initial outreach to our ongoing support services.

The safeguarding froum we co- founded with The National Probation Service & Southchurch Council which was adopted from training we had delivered continue s to go from strength to strength. Having seen a reduction in antisocial behavior in the area amongst the women.

We have been able to encourage & support women in to securing convictions against their perpetrators which had lead to custodial sentences for their perpetrators highlights the trauma Informed approaches we deliver building trust and empowering the women not to allow perpetrators to get away with the harms they have caused creating the safety the deserve.

Gender-Informed Approach

Our gender-informed approach acknowledges the unique experiences and challenges faced by women. We understand that women's lives are shaped by societal, cultural, and economic factors that impact their well-being and opportunities. By taking a gender-informed approach, we're able to tailor our services to meet the specific needs of women, addressing the intersections of gender, trauma, and vulnerability.

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ASPIRATIONS DAY PROGRAM

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Working with Vulnerable Women

Working with vulnerable women requires a deep understanding of their experiences and needs. Our team is committed to providing a safe, non-judgmental space where women can share their stories, receive support, and access resources. By doing so, we're able to:

- Empower women to take control of their lives, making informed choices about their well-being and futures

Impact and Outcomes

Our trauma-informed and gender-informed approaches have led to significant outcomes for the women we serve. We've seen:

- Increased engagement and retention in our services

- Greater empowerment and confidence

By working with vulnerable women in a trauma-informed and gender-informed way, we're not only providing essential support services - we're also creating a platform for women to thrive. We're proud of the work we've accomplished and look forward to continuing our mission to empower women in our community.

The Voices of the women we serve

The women we serve have shared their stories, and their words speak volumes about the impact of our services. Here's what some of them have to say:

"For the first time in my life, I feel like I'm being heard and believed. Carries Outreach has given me the courage leave my home again because I know I'm safe when I reach that door''

I don't know what I would do with the team at Carries, they've made all the difference. I feel safe and supported, and for the first time, I was able to talk about my experiences without feeling judged.

"Your service has been a lifeline for me"

These testimonials are a testament to the power of our services and the impact they have on the women we are honored they allow us to build up trust and walk this journey with them.

Aspirations Day Program

Celebrating Recovery Milestones

We are delighted to report that 15 individuals have successfully achieved abstinence-based recovery through our Day Program. This remarkable achievement is a testament to the dedication and hard work of our attendees, as well as the effectiveness of our program.

Many of our graduates have made significant progress in rebuilding their lives. Some have reunited with their children and families, strengthening relationships and building a more stable future. Others have gone on to seek employment, taking the first steps towards financial stability and independence. We are also proud to see some of our graduate's attending college, pursuing new educational opportunities and developing new skills.

In addition to these personal achievements, two of our post-graduates have secured part-time roles at our charity, bringing their experiences and insights to our team. Furthermore, five have started to peer mentor, using their own experiences to support and guide others on their recovery journey. These individuals are not only rebuilding their own lives but also giving back to the community and supporting others in their journey towards recovery.

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ASPIRATIONS DAY PROGRAM

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

These achievements are not only a celebration of individual successes but also a testament to the positive impact of our program on the lives of those we serve. We are proud to support individuals in their journey towards recovery and look forward to continuing to provide a supportive and empowering environment for all.

Empowering Voices: Aspirations Day Program

Our Aspirations Day Program has been a transformative experience for many of our service users. Here's what some of them have to say about how the program has changed their lives:

These voices are a testament to the power of our Aspirations Day Program and the impact it has on the lives of our service users. We're proud to be a part of their journey towards recovery, empowerment, and a brighter future.

Road 2 Recovery

In the past year, we launched our Road to Recovery groups on Thursday March 20th, thanks to a small grant from the Southend City Council's Drug & Alcohol Commissioning team.

These groups, designed and led by program graduates with lived experience, were run by peer mentors and a postgraduate from Aspirations who had secured employment with us.

The groups provided a non-judgmental and safe environment for individuals seeking recovery from addiction. The groups were open to anyone struggling with addiction, with no requirements to join. An outreach service was also taken into local services and the High Street, offering groups and signposting information to help individuals find their path to recovery.

The initiative aimed to plant the seeds of hope and support, nurturing them into freedom from addiction, and helped individuals take the first steps towards a life free from addiction.

This peer-led project was co-produced and designed by post-graduates and peer mentors from our Day Program, with the goal of making Aspirations more inclusive to the drug and alcohol community and offering more support for individuals stuck in the cycle of addiction and contemplating.

Family Support

Our Family Support team has had another productive Christmas of our providing support to family members affected by addiction. This year, we've continued to demonstrate our commitment to these families through various initiatives.

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ASPIRATIONS DAY PROGRAM

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2024

Christmas Support Initiative

The Christmas support initiative, where we provided 16 family members with Christmas presents, a week's worth of shopping, and Christmas dinner with all the trimmings This was made possible through the generosity of our donors and supporters. We were thrilled to bring some festive cheer and relief to these deserving families, who often face significant challenges and stress due to their loved one's addiction.

The feedback from families has been overwhelmingly positive, with many expressing gratitude for the support and care they've received. Our Family Support team has continued to provide a safe and non-judgmental service.

Looking Ahead

We're proud of the work our Family Support team has accomplished this year, and we're committed to continuing our support for families affected by addiction. We're grateful for the opportunity to make a difference in the lives of these families and look forward to building on our successes in the years to come.

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ASPIRATIONS DAY PROGRAM

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Achievements and performance

Aspirations have had a remarkable year, with several exciting developments that have helped us reach more people and make a greater difference.

We secured funding through Southend on Sea City Council for a full-time ProjecWolunteer Coordinator.

We're also thrilled to report that our charity shop has been a huge success. The shop has not only provided a valuable service to the community but has also become an important source of income for us. Every pound raised through the shop goes directly towards funding our projects, helping us to sustain and grow our work.

Award and Recognition

We are proud that Aspirations has been awarded the High Sheriff of Essex Cup. This prestigious award recognizes our dedication and commitment to supporting individuals in need. We are honored to receive this recognition and grateful for the support of the High Sheriff of Essex and Essex Community Foundation.

Fundraising activity

We've had an amazing time hosting a wide range of fundraising events that brought our community together! From spooky fun at our Halloween Parade to festive cheer at our Christmas Bizarre, we've had a blast. Other highlights included:

We're grateful for the support of our funders, including & Partners and Victoria Plaza Centre, Southend, who have helped make these events possible. We've also had some fantastic community-led initiatives, including boot sales and a curry night. Thanks to everyone who participated, donated, and helped us raise vital funds for our cause!

We secured funding through Southend on Sea City Council for a full-time ProjecWolunteer Coordinator.

We're also thrilled to report that our charity shop has been a huge success. The shop has not only provided a valuable service to the community but has also become an important source of income for us. Every pound raised through the shop goes directly towards funding our projects, helping us to sustain and grow our work.

Award and Recognition

We are proud that Aspirations has been awarded the High Sheriff of Essex Cup. This prestigious award recognizes our dedication and commitment to supporting individuals in need. We are honored to receive this recognition and grateful for the support of the High Sheriff of Essex and Essex Community Foundation.

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ASPIRATIONS DAY PROGRAM

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2024

We would like to thank our funders:

We would like to thank our funders:
National Lottery Community Fund 39,000
Tudor Trust 35,000
Lloyds Bank Foundation 25,000
Garield Weston Foundation 10,000
Randal Foundation 7,527
Trusthouse Charitable Foundation 6,000
Tudwick Foundation 6,000
Neighbourly Foundation (B&Q) 3,900
Alber Hunt 3,750
Southend Emergency Fund 3,000
High Sherif Fund(Essex Community Foundation) 2,917
Rosca Trust 2,333
Southend City Council 2,299
Ashworh Charity 2,250
Grocers Charity 1 ,667
Groundwork 1,083
Annie Trammer Charitable Trust 833
152,559

Financial review Reserve Policy

The Trustees have established a level of reserves (that is funds that are freely available) that the charity needs to have of £30,000 that is to mitigate against the financial impact of risk. Working capital represents a significant element of our reserves but not all balances are immediately available.

The Trustees will continue to review the reserves policy on an annual basis.

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three- and six-month's expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

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ASPIRATIONS DAY PROGRAM

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Structure, governance and management

The Trustees who served during the year and up to the date of signature of the financial statements were:

L Snow

T J Harris H Blackburn C J Emerton MrJ P Gosnell

(Appointed 29 October 2024) (Appointed 18 February 2025) (Appointed 5 June 2024) (Appointed 6 September 2023)

Recruitment and appointment of trustees

New Trustees undergo an orientation day to brief them on their legal obligations under charity law, the content of the constitution, the committee and decision-making processes, the business plan and recent financial performance of the charity. During the induction day they meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will support them in their role.

None of the Trustees has any beneficial interest in the company. All the Trustees are members of the company and guarantee to contribute £1 in the event of winding up.

The company's current policy concerning the payment of trade creditors is to follow the CB l's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1 DU).

The company's current policy concerning the payment of trade creditors is to:

The trustees' report was approved by the Board of Trustees.

John Gosnell (Jun 23, 202518:00 GMT+l)

Mr JP Gosnell Trustee

23 June 2025

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ASPIRATIONS DAY PROGRAM

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF ASPIRATIONS DAY PROGRAM

I report to the Trustees on my examination of the financial statements of Aspirations Day Program (the charity) for the year ended 31 August 2024.

Responsibilities and basis of report

As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Mr R J Wybrow FCA Matrix House 12-16 Lionel Road Canvey Island Essex SS8 9DE 23 June 2025

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ASPIRATIONS DAY PROGRAM

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2024

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
Notes £ £ £ £ £ £
Income from:
Donations and legacies 3 6,355 6,355 23,499 100 23,599
Charitable activities
Core Costs 4 43,206 135 43,341 65,226 113,143 178,369
Grants 4 59,944 92,616 152,560 11,552 87,150 98,702
Carries 4 8,972 8,972 6,930 6,930
Charity Shop 4 14,646 14,646
Investments 5 5 5
Total income 133,128 92,751 225,879 107,207 200,393 307,600
Expenditure on:
Charitable activities
Core Costs 6 95,811 95,811 116,011 53,915 169,926
Grants 6 28,432 43,931 72,363 4,410 33,104 37,514
Carries 6 26,492 26,492 56,659 56,659
Charity Shop 6 20,489 20,489
Total charitable
expenditure 171,224 43,931 215,155 177,080 87,019 264,099
Total expenditure 171,224 43,931 215,155 177,080 87,019 264,099
Net income/(expenditure) (38,096) 48,820 10,724 (69,873) 113,374 43,501
Transfers between
funds 35,718 (35,718) 113,374 (113,374)
Net movement in
funds 8 (2,378) 13,102 10,724 43,501 43,501
Reconciliation of funds:
Fund balances at 1 September
2023 75,858 75,858 32,357 32,357
Fund balances at 31 August
2024 73,480 13,102 86,582 75,858 75,858

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The entity has reported a period of 12 months which is a shorter reporting period than the previous set of accounts which had a longer period of 14 months due to a change of year end. In light of this fact, the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

ASPIRATIONS DAY PROGRAM

BALANCE SHEET

AS AT 31 AUGUST 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 12 566 644
Tangible assets 13 3,158 4,843
3,724 5,487
Current assets
Debtors 14 7,144 2,128
Cash at bank and in hand 154,287 137,222
161,431 139,350
Creditors: amounts falling due within 15
one year (78,573) (68,979)
Net current assets 82,858 70,371
Ttal assets less current liabilities 86,582 75,858
The funds of the charity
Restricted income funds 18 13,102
Unrestricted funds 19 73,480 75,858
86,582 75,858

The entity has reported a period of 12 months which is a shorter reporting period than the previous set of accounts which had a longer period of 14 months due to a change of year end. In light of this fact, the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

The financial statements were approved by the Trustees on 23 June 2025

John Gosnell (Jun 23, 202518:00 GMT+l)

Mr JP Gosnell

Trustee

ASPIRATIONS DAY PROGRAM

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 AUGUST 2024

2024 2023
Notes £ £ £ £
Cash flows from operating activities
Cash generated from operations 22 17,329 26,147
Investing activities
Purchase of tangible fixed assets (269) (3,911)
Investment income received 5
Net cash used in investing activities (264) (3,911)
Net cash generated from financing activities
Net increase in cash and cash equivalents 17,065 22,236
Cash and cash equivalents at beginning of year 137,222 114,986
Cash and cash equivalents at end of year 154,287 137,222

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ASPIRATIONS DAY PROGRAM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

1 Accounting policies

Charity information

Aspirations Day Program is a Charity Incorporated Organisation (CIO).

1.1 Reporting period

The entity has reported a period of 12 months which is a shorter reporting period than the previous set of accounts which had a longer period of 14 months due to a change of year end. In light of this fact, the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

1.2 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention,[[] modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value[]] . The principal accounting policies adopted are set out below.

1.3 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.5 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

ASPIRATIONS DAY PROGRAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2024

1 Accounting policies

(Continued)

1.6 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.

1.7 Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website 10% Straight line

1.8 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 20% Straight line Computers 33.33% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.9 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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ASPIRATIONS DAY PROGRAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2024

1 Accounting policies

(Continued)

1.11 Financial instruments

The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

1.12 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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ASPIRATIONS DAY PROGRAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

2 Critical accounting estimates and judgements

In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Donations and gifs 6,355 6,355 23,499 100 23,599

ASPIRATIONS DAY PROGRAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2024

4 Income from charitable activities

Core Costs Grants Carries Charity Total Core Costs Grants Carries Total
Shop
2024 2024 2024 2024 2024 2023 2023 2023 2023
£ £ £ £ £ £ £ £ £
Charitable activities 43,341 8,972 14,646 66,959 178,369 6,930 185,299
Grant income 152,560 152,560 98,702 98,702
43,341 152,560 8,972 14,646 219,519 178,369 98,702 6,930 284,001
Analysis by fund
Unrestricted funds 43,206 59,944 8,972 14,646 126,768 65,226 11,552 6,930 83,708
Restricted funds 135 92,616 92,751 113,143 87,150 200,293
43,341 152,560 8,972 14,646 219,519 178,369 98,702 6,930 284,001

ASPIRATIONS DAY PROGRAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2024

Performance related grants analysis

Grants Grants
2024 2023
£ £
National lottery 39,000 50,552
HSBC 1,150
Hobson Charity 12,000
Tudor Trust 35,000 35,000
Lloyds Bank Foundation 25,000
Garield Weston Foundation 10,000
Randal Foundation 7,527
Tudwick Foundation 6,000
Trusthouse Charitable Foundation 6,000
Neighbourly Foundation (B&Q) 3,900
Alber Hunt 3,750
Southend Emergency Fund 3,000
High Sherif Fund (Essex Community Foundation) 2,917
Rosca Trust 2,333
Southend City Council 2,299
Ashworh Charity 2,250
Grocers Charity 1,667
Groundwork 1,083
Annie Trammer Charitable Trust 833
152,559 98,702

5 Income from investments

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Interest receivable 5

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ASPIRATIONS DAY PROGRAM NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Expendlture on ¢harltable o¢tlvltles Cor• Costs Grants Carrbès Charlty Shop 2024 Total Corè Costs Grants Carrlè8 Total 2024 2024 2024 2024 2023 2023 2023 2023 Dlr•¢l ¢o$ts Staff costs Delegate Sodal Hour ILun¢hesl Emergency B&B Fund Raising Cost Meals & Food P8r¢el$ Outreach Supplies Rehabililalion Program8 Travel and Entertaining Admin Costs Charitable and Political Donations Legal Expenses Office Costs Prints"ng, Postage and Stationery 28.272 5,038 57.332 281 400 1,295 926 291 4.324 985 141 219 4.437 2.279 6.010 95.938 6.304 517 4.404 10.002 4.095 2,308 3.051 13.681 71.869 3,685 4.805 19,356 4.108 2.468 1,4r 3.042 12,202 1.329 26.518 25 2.911 1,679 2.757 741 8.199 641 4,066 8.295 28,033 1,870 727 193 101.144 4,451 15.915 21.676 8,260 11.123 29,607 5,029 13,915 1,581 498 40.647 3,006 2,768 4.199 1.497 124 28 1.238 10,876 773 1,469 117 986 59 677 659 110 12.431 75 394 80.492 5,159 29.762 4,215 5.819 786 12.480 83 35.999 2,641 3,888 760 331 90,575 69,372 26.280 20,202 206.409 163,408 36,829 56,615 256,852 Share of support and governance costs (see note 71 Support 1,21)0 Governance 4.036 82 150 2.033 6.713 1,791 4.727 365 320 2,200 5.047 221 95,811 72,363 26,492 20.489 215,155 169,926 37,514 56,659 264,099 20-

ASPIRATIONS DAY PROGRAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2024

Expenditure on charitable activities (Continued)
Analysis by fund
Unrestrictedfunds 95,811 28,432 26,492 20,489 171,224 116,011 4,410 56,659
177,080
Restrictedfunds 43,931 43,931 53,915 33,104 87,019
95,811 72,363 26,492 20,489 215,155 169,926 37,514 56,659
264,099

6 Expenditure on charitable activities

ASPIRATIONS DAY PROGRAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2024

7 Support costs allocated to activities

7 Suppor costs allocated to activities
2024 2023
£ £
Depreciation 2,033 2,200
Governance costs 6,713 5,047
8,746 7,247
Analysed between:
Core Costs 5,236 6,518
Grants 2,991 685
Carries 232 44
Charity Shop 287
8,746 7,247
8 Net movement in funds 2024 2023
£ £
The net movement in funds is stated afer charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets 1,955 2,102
Amorisation of intangible assets 78 98

9 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

10 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
8 8
Employment costs 2024 2023
£ £
Wages and salaries 94,855 99,164
Social security costs 331 96
Other pension costs 752 1,884
95,938 101,144

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ASPIRATIONS DAY PROGRAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2024

1 O Employees

(Continued)

There were no employees whose annual remuneration was more than £60,000.

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12 Intangible fixed assets

Intangible fixed assets
Website
£
Cost
At 1 September 2023 and 31 August 2024 781
Amorisation and impairment
At 1 September 2023 137
Amorisation charged for the year 78
At 31 August 2024 215
Carrying amount
At 31 August 2024 566
At 31 August 2023 644

13 Tangible fixed assets

Tangible fixed assets
Fixtures and
fitings		 Computers Total
£ £ £
Cost
At 1 September 2023 4,920 2,656 7,576
Additions 269 269
At 31 August 2024 4,920 2,925 7,845
Depreciation and impairment
At 1 September 2023 1,543 1,189 2,732
Depreciation charged in the year 1,018 937 1,955
At 31 August 2024 2,561 2,126 4,687
Carrying amount
At 31 August 2024 2,359 799 3,158
At 31 August 2023 3,377 1,466 4,843

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ASPIRATIONS DAY PROGRAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2024

14 Debtors
2024 2023
Amounts falling due within one year: £ £
Trade debtors 2,178 1,498
Prepayments and accrued income 4,966 630
7,144 2,128
15 Creditors: amounts falling due within one year
2024 2023
Notes £ £
Other taxation and social security 1,361 1,774
Deferred income 16 71,782 64,489
Trade creditors 1,782 1,256
Other creditors 648
Accruals 3,000 1,460
78,573 68,979
16 Deferred income
2024 2023
£ £
Other deferred income 71,782 64,489
Deferred income is included in the financial statements as follows:
2024 2023
£ £
Deferred income is included within:
Current liabilities 71,782 64,489
Movements in the year:
Deferred income at 1 September 2023 64,489 85,493
Released from previous periods (64,489) (85,493)
Resources deferred in the year 71,782 64,489
Deferred income at 31 August 2024 71,782 64,489
17 Retirement benefit schemes
2024 2023
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 752 1,884

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ASPIRATIONS DAY PROGRAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2024

18 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At1 Incoming Resources Transfers At 31 August
September resources expended 2024
2023
£ £ £ £ £
92,751 (43,931) (35,718) 13,102
Previous year: At1 Incoming Resources Transfers At 31 August
September resources expended 2023
2022
£ £ £ £ £
200,393 (87,019) (113,374)

19 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.


designated funds which h
ave been set aside out o
f unrestricted fu
nds by the truste
es for specific purposes.
es for specific purposes.
At1 Incoming Resources Transfers At 31 August
September resources expended 2024
2023
£ £ £ £ £
General funds 75,858 133,128 (171,224) 35,718 73,480
Previous year: At1 Incoming Resources Transfers At 31 August
September resources expended 2023
2022
£ £ £ £ £
General funds 32,357 107,207 (177,080) 113,374 75,858

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ASPIRATIONS DAY PROGRAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

20 Analysis of net assets between funds

Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 August 2024:
Intangible fixed assets 566 566
Tangible assets 3,158 3,158
Current assets/(liabilities) 69,756 13,102 82,858
73,480 13,102 86,582
Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £ £
At 31 August 2023:
Intangible fixed assets 644 644
Tangible assets 4,843 4,843
Current assets/(liabilities) 70,371 70,371
75,858 75,858

21 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

22 Cash generated from operations
Cash generated from operations 2024 2023
£ £
Surplus for the year 10,724 43,501
Adjustments for:
Investment income recognised in statement of financial activities (5)
Amorisation and impairment of intangible assets 78 98
Depreciation and impairment of tangible fixed assets 1,954 2,721
Movementsinworking capital:
(Increase) in debtors (5,016) (2,128)
Increase in creditors 2,301 2,959
lncrease/(decrease) in deferred income 7,293 (21,004)
Cash generated from operations 17,329 26,147

23 Analysis of changes in net funds

The charity had no material debt during the year.

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