ASPIRE LIVERPOOL
ANNUAL REPORT & FINANCIAL STATEMENTS
FOR THE YEAR ENDED
28TH FEBRUARY 2024
Charity Registration No. 1196570

ASPIRE LIVERPOOL
CONTEMrs
Pag8
Trustees, Annual Report
Independent Examinerfs Report
Statement of Financial ActNities
Balan￿ Sheet
Notes to the Financial Slatements

ASPIRE LIVERPOOL
TRUSTEES'ANNUAL REPORT FOR THE YEAR ENDED 28TH FEBRUARY 2024
The Trustees present their report and financial statements for the Charitable Incorporated
Organisation for the year ended 28th February 2024.
The financial statements have been prepared in accordance wtth the charity's trust deed, the
Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended
Practice applicable lo charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland published (FRS 1021 {effective
1 $1 January 2019).
OBJECTIVES AND ACTivrriES
The objectives of the Charitable Incorporated Organisation are to advance the education of
pupils in the Liverpool City Region by raising the aspirations and maximising the potential of
pupils attending schools in Liverpool in order to gain places in top ranked Universities, name
Oxford and Cambridge. Since incorporation the Trustees have ensured the objectives of the
Charity are delivered through the provision of advice, mentoring. lectures, trips to universities,
and University application support.
The Charity runs two successful residential trips to Oxford and Cambridge University, with a totsl
of 128 students from the city of Liverpool benefiting from this opportunity. As a result, students
were more likely to app￿ to the top Iwo universities.
The Trustees employ a member of staff who acts as the Director of the Charty and is responsible
for both the governing of the Charty and the delivery of its programs, including the delivery of
in-school workshops and 1-2-1 support sessions. PaKI for his seNices during this period included
transport for our residential trips, personal stateffEnt reviews, and a 1-2-1 mentoring service. In
total, the Charity worked with 672 students during the ac¢ounting period, wtth cohorts running
November to September.
The TTuslees have followed the guidan￿ issued by the Chaiity Commission in decidino what
activities the charty should undertake.
Publlc Benefits
In considering the objectives and activities, the trustees have considered Charity Commission
guidance on public benefit to ensure that the organtsation is meeting its public benefit
requirements.
ACHIEVEMENTS AND PERFORMANCE
Since Aspire Liverpool began operations as a charity, we have continued lo see an increase in
the number of students from Liverpool applying to Oxbridge. A Sutton Trust report examining
the admission years betsveen 2016 and 2019 found Ihat, on average, Liverpool had 55
applicalions each year, with just 15-16 gaining a place at these prestigious unNersities.
Aspire Liverpool has developed a program for two main cohorts, our Year 10 '1nspire' and Year
12 'Reaching Higher, cohorts. Each cohort has the opportunity to experien￿ Oxbridge sty
lectures and woikshops once per month. and during this accounting period, Aspire has also
run 2 successful residential trips to Oxford and Cambridge for both of its cohorts, with the aim
of showing students that Oxbridge can be for them. The charity has also delivered additional
workshops in this financial year. airning to increase personal confidence to support our
students through the Oxbridge application process.
In 2022, Aspire Liverpool also began conducting in-school 1-2-1 sessions for it's Year 12
students, and delivered workshops for the Year 10 cohort. This work has continued through to
2023 and 2024. Our Mentoring scheme is also a highlight for our Year 12 students who are

ASPIRE LIVERPOOL
TRUSTEES'ANNUAL REPORT FOR THE YEAR ENDED 28TH FEBRUARY 2024
deciding whether to apply and supporting them through the application process. Aspire
Liverpool's work, in collaboration with schools across the cty. has now resulted in almost triple
the number ofapplications per year. wtlh 132 students applying to Oxbridge for 2022 entry, 148
frjr 2023 entry, and 158 for 2024 enty.
FINANCIAL REVIEW
Total income forthe year was £50,013 (1P Nov 2021 to 28th Feb 2023.. £53,327).
Total expenditure for the year was £40,930 {2023.' £25.644). ￿aVIng a surplus for the year of
£9,083 (15. Nov 2021 10 28tr Feb 2023.. Surplus £27.683).
At 28th February 2024 the charitab￿ Incorporated Organisation's reserves stood at £36,766 (15th
Nov 202110 28° Feb 2023.. £27,683) of which represented the unrestricted funds.
RISK MANAGEMENT
The trustees have assessed the major risks to which the Charitable Incorporated Organisation
is exposed and are satisfied those systems are in place to manage exposure to the major risks.
RESERVES POLICY
It is the policy of the Charitable Incorporated Organisation to maintain unrestricted funds, which
are free reserves at a level to cover a redundancy provision and three months, running costs
should no further funding be received.
As at tha end of the financial year the Un￿striCted funds total￿ £36,766. The Charitable
Incorporated Organisalion requires £1.345 for redundancy provision, £10,233 for three months,
running costs, Ilotal £11.578).
Th8 trustees plan for Ihe balan￿ of the unrestricted reserves is for the improvement and
development of the projects and activities and provision of mentoring servicEs.
PLANS FOR THE FUTURE
The Trustees and Director have identified projects and activities Ihal they wish to improve and
explore. including the provision of a mentoring service that is delivered in-house by volunteers
of the charity.
There Is also a desire to develop a thriving alumni ne￿Ork given the charity has now
supported over 130 sludenls who gained places al Oxbridge Sin￿ the beginning ofthe project.
There will be a focus in the next Iwo years on linking students in wtth industry, enabling work
experiences to enhance their university applications. The charity also wants to expand its trip
offering, providing transport to universty open days for aspiring Oxbridge students.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Aspire Liverpool is a regislered Charitable Incorporated Organisation {CIO), number 1196570
registered on 15th November 2021 under the tems of the Constitution 15th November 2021
revised 2nd April 2022.
The charity currently has three trustees which is the minimum required, but there is a maximum
of six trustees allowed according to its constitution.
Appolntment of charity trustees
Apart from the first charity trustees, every trustee must be appointed [for a tem of three yearsl
by a resolution passed at a properly convened meeting of the charity trustees. In selecting

ASPIRE LIVERPOOL
TRUSTEES'ANNUAL REPORT FOR THE YEAR ENDED 28TH FEBRUARY 2024
individuals for appointsnent as charity trustees. the charity trustees must have regard to the skills,
knowledge and experien￿ needed for the effective administration of the CIO.
Infomiation for new charity trustees
The charty trustees will make available to each new tharity trustee, on or before his or her first
appointment..
a copy of the current version of this constitution.. and
a copy of the CIO'S latest Trustees, Annual Report and statement of accounts.
The board of trustees appoints a trustee who is given delegated authority and is responsible for
the day-to-day administration of the charity. as well as delivering the charity's program of activity.
The board of trustees holds reserved powers as set out by the Reserved Powers Policy.
REFERENCE AND ADMINISTRATIVE DETAILS
Name
Aspire Liverpool
1196570
Charlty numbar
Address & Office
William Currie Group
Castle Chambers
43 Castle Street
Liverpool, L2 9SH
The members of the Board of Trustees are as follows:
Trustees
W C Currie
Sir T P Leahy
R Stalker
Independent Examlner Ying Huang. ACCA
LCVS
151 Dale Street,
Liverpool, L2 2AH
CoTh OperatNe Bank PIC
PO Box 250
Skelmersdale. M8 61Mr
Bankers
Slgned on behalf of tha Trustees.
Rachel Stalker, Trustse
Date

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
ASPIRE LIVERPOOL
I report on the accounts ofthe charitab￿ Incorporated Organisation
for the yearended 28th February 2024 which are set out on pages 6
to 14.
Res
res
onsibilities of
trust8es and examiner
The charivs trustees are responsible for the preparation of the
accounts. The charity's trustees conshler that an audil is not
required for this year under section 144 of the Charities Act 2011
(the Charities Act) and that an independent examination is needed.
It is my responsibility to=
examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions
gNen by the Charity Commission (under section 145(5)Ib) of the
Charities Act, and
to stste whether particular matters have come to my attention.
My examination was carried out in accordance with general
Directions given by the Charity Commission. An examination
includes a review of the accounting records kept by the charity and
a Comparison of the accounts presented with those records. It also
includes consideration of any unusual items or disclosures in the
accounts and seeking explanations from the trustees concerning
any such matters. The procedures undertaken do not provide all
the evidence that would be required in an audit, and consequently
no opinion is given as to whether the accounts present a 'true and
fair, view, and the report is limited to those matters set out in the
statement below.
Basis of ind& endent
8xaminer's statement
In connectlon wlth my examlnallon, no matter has come lo my
attention=
Inde
endent examinews
tement
(1) which gives me reasonab￿ cause to believe that in any material
respect the requirements:
to keep accounting records in accordance with section 130
of the Charitres Act.,
to prepare accounts which accord with the accounting
records and compty with the accounting requirements of
the Charities Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to
enable a proper understanding of the accounts to be reached.
Name:
Mrs Ying Huang
Relevant professional qualification or body.. ACCA
Address: LCVS 151 Dale Street, L2 2AH
Daled..

ASPIRE LIVERPOOL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28- FEBRUARY 2024
Notos
Unrestrlcted Restricted
Funds
Funds
Totals
Totals
1V Nov
2021 to
2V Feb
2023
2024
2024
2024
Income and Endowments
from:
Donations and legacies
50.013
50,013
53.327
Total income
50,013
50,013
53,327
Expendlturo on:
Charitable activities
40.930
40,930
25,644
Total expendlturo
40,930
40,930
25,644
Net Incomè, net
movement In funds
9,083
9,083
27,683
Total funds brought forward
27,683
27,683
Total funds carrlod
forward
36,766
36,766
27,683
The notes on pages 8 to 14 fom part of these accounts.
All the above amounts relate to continuing activities of the Charitable Incorporated Organisation.

ASPIRE LIVERPOOL
BALANCE SHEET AS AT 28TH FEBRUARY 2024
Notes
28th February 2024
28th Fgbruary 2023
Flxed assets
Tangible fixed assets
Current assets
Debtors
Cash at bank and in hand
10,596
27,125
29.319
37,721
29,319
Current Ilabllltles
Creditors.. amounts falling
due within one year
{955)
(1,6361
Not current as39ts
36,766
27,683
Total assets less current
Ilabllltlos
36,766
27,683
Fund8:
Unreslricled funds
Restrbcted funds
36,766
27,683
36,766
27,683
1£11112oZ
Approved by Trustsos on............................
Rachel Stslker, Trustee

ASPIRE LIVERPOOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2024
1. Accountlng Pollcles
Basls of Accounting
The financial statements have been prepared in accordan￿ with the Statement of
Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS102J ISORP 20191 and the Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland (FRS102) (effective 151 January 2019) and Charities Act
2011.
The financial statements are prepared in sterling, which is the functional currency of the
harity. Monetary amounts in these financial stslements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention with items
recognised al cost or transaction value unless otherwise stated in the relevant note{s} to these
accounts.
The Charitable Incorporated Organisalion has taken advantage of the provisions in the SORP
for Charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
Golng concem
At the time of approving the accounts, the Trustees have a reasonable expectation that the
Charitable Incorporated Organisation has adequate reserves to continue in operational
existence for the foreseeable future. The Trustees are confident that the ￿velS of liquidity and
free reseNes will not affect the Charitable Incorporated Organisation operations. Thus, the
Trustees Continue lo adopt the going concem basis of accounting in preparing the accounts.
Fund accountlng
Unrestricted funds are the charitable In¢orporaled Organisation's free reserves available for
the Trustees to apply in accordan￿ with the charitable objects.
Restricted funds are subject to specific restrictive conditions imposed by the donor. All
restricted funds are accounted for as restricted income and expenditure for the purposes is
charged to the fund.
Income recognStlon
All income is recognised once the Charitable Incory>orated Organisation has entitlement to the
Income, there is sufficient certainty of receipt and so it is probable that the income will be
received, and the amount of income receNable can be measured reliably.
Donations and legacies comprise donations which are recognised in the accounts when
received, with the exception of known legacies which are a￿oUnted for when their receipt is
certain.
Income from charitable actNities is recognised on an accrual's basis except for grants
receivable, which are recognised on the date on which their unconditional payment is
confirmed by the donor.

ASPIRE LIVERPOOL
NOTES TO THE FINANCIAL STATEMEKfs FOR THE YEAR ENDED 28- FEBRUARY 2024
Fixed Assets
Capital expenditure of is treated as a fixed asset and depreciated on the following bases in
order lo write off each asset over its estimated useful Itfe:
Expandlturo recognition
Liabilities are recognised as soon as there is a legal or constructNe obligation committing the
Charitable Incorporated Organisation to that expenditure, it is probable that settlement will be
required, and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accrual's basis. All expenses. including sUPPOrt costs
and governan￿ costs, are allocated or apportioned to the applicable expenditure headings
in the Staternent of Financial Activities. Support and governance costs are applied to
unrestricted funds unless specifically included in the restrictions, as specified by the donor.
Expenditure on charitable activities relate to the operation of the charity comprising of direct
charitable expenditure to meet the objectNes of the Charitable Incorporated Organisation.
Support and governance costs relate to the management and operation of the Organisalion
and also compliance with constitutional and statutory requirements in producing the annual
report. These are dealt with in the Statement of Financial Activities when paymenl has been
approved by the charity.
Cash and cash èqulvalonts
Cash and cash equivalents include cash in hand, deposrts held at call with banks, other short-
term liquid investments with original maturities of three months or less, and bank ovérdrafts.
Flnanclal Instruments
The charity has elected to app￿ the provisFons of Section 11 'Basic Financial Instruments,
and Section 12 '0ther Financial Instmments Issues, of FRS 102 to all of its finan¢ial
instruments.
Financial instruments are recognised in the charitys balance sheetwhen the charity becomes
party lo Ihe contractual provisions of the instrument.
Financial assets and liabilities are offset. with the net amounts presented in the financial
slalements, 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 liabilty
simultaneously.
Baslc financlal assets
Basic financial assets, which include debtors and cash and bank balances, are initially
measured at transaction price including transaclion 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 liabilitles
Basic financial liabilities, including creditors and are initialty recognised at the presenl value
of the future receipts discounted at a market rate of interest. Financial liabilities classified as
payable within one year are not amortised.
Debt instruments are subsequentty carried at amortised cost, using the effective interest rate
method.

ASPIRE LIVERPOOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28Th FEBRUARY 2024
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are
discharged or cancelled.
Critical accounting estlmatss and Judgements
In the application of the charity's accounting policies. the trustees are Tequired 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 experienc£ and other factors thal are considered to be relevant. Actual
results may differ from these estimates.
The estimates and undertying assumptions are revEwed on an on-going basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the
revision affects onty that period. or in the period of the revision and future periods wher8 the
revision affects both current and future periods.
All expenditure is accounted for on an accnjal's basis. All expenses, including support costs
and govemance costs, are allocated or apportioned to Ihe applicable expenditure headings
in the Statement of Financial Activities. Support and govemance costs are applied lo
unrestricted funds unless specifically included in the restrictions, as specified by the donor.
Cost of charitable activities relate to the operation of the charity comprising of direct charitable
expenditure lo meet the objectives of the charity. Support and govemance costs relate to the
management and operation of the Organisat￿n and also compliance with wn5titutional and
slalulory requirernents in producing the annual report. These are dealt with in the Statement
of Financial Activities when payment has been approved by the charity.
Taxatlon
Income and gains are exempt from taxation as they are receNed and applied for charitable
purposes only. The Charitable Incorporated Organisalion benefit5 from various exemptions
from taxalion afforded by tax legislation and is not liable to corporation tax on income or gains
falling within those exemptions. The Charitsble Incorporated Organisation is not able to
recover Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT.
2. Income and ondowments from:
Unrestrlctod Rgstrlcted
Funds
Funds
Totsl
Funds
Total
Funds
Perfod
from 16
November
2021
to 28th
February
2023
2024
2024
2024
Donations and legacles
Donations
Gift Aid
40,013
10,000
40,013
10.000
44,339
8,988
Total
50,013
50,013
53,327
io-

ASPIRE LIVERPOOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28- FEBRUARY 2024
3. Expenditure on Charitable activitles
Direct
Charitable
Expenditure
Support &
Governance
Costs
Total
Total
Perlod
from 16th
November
2021
to 28th
February
2023
2024
2024
2024
To advance the education of pupils
in the Liverpool Cty Region by
raising the aspirations and
maximising the potential
32,590
8,340 40,930
26,844
a. analysed as follows..
Direct charitable expenditure..
Staff salary costs
Pension
Training
Programme
Residential
Volunteer expenses
DBS fees
17.458
1,317
96
6.429
7,143
147
6.002
439
1,735
12,684
149
148
32,590
21,157
Support & Govemance costs..
Staff salary Costs
Pension
Insurance
offi￿ expenses
Telephone
Travel
Pension sel up fee
Payroll fees
Accountancy
5.819
439
124
339
232
105
2,001
363
22
360
207
774
542
740
8,340
4,487
Total expenditure on charitable
activities
40,930
25.644

ASPIRE LIVERPOOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2024
2024
1PNov
2021 to
2V Feb
2023
b. Staff costs
Gross wages and salaries
Social security costs
Pension
22,200
1,077
1,756
7,400
603
585
25,033
8.588
c. Partlculars of employees:
The average number of employees during the year, ¢alculated on the basis of full-time
equivalents, was as follows..
2024
16th Nov
2021 to
28" Feb
2023
Charitable activities
No employee received emoluments of more than £60.000 during the year.
The Trustees are not remunerated for their ser4irEs and are not included in the above
number of employees.
4. Tanglble flxed assets
There are no tangible fixed assets for the year ended 28th February 2024 (Period from 151h
November 2021 to 28th February 2023.. None)
5. Debtors
2024
2023
Other Debtors
10,596
6. Credltors: amounts falllng due wlthln one yoar
2024
2023
Accruals
Other creditors
740
215
774
862
955
1,636
12

ASPIRE LIVERPOOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28- FEBRUARY 2024
7. Analysis of net assets between Funds
2024
Tangible Fixed Net Current
Assets
Assets
Total
Unrestricted Funds
General Fund
36.766
36,766
Restrlcted Funds
Totals
36.766
36.766
2023
Tanglble Flxed Net Current
Assets
Assets
Total
Unrestrlcted Funds
General Fund
27,683
27,683
Restrlcted Funds
Totals
27,683
27,683
8. Unrostrlctad funds
Movaments In the year
Income Expendlture
2024
Reserrfes
at beglnnlng
of Yoar
Reserves
at End
of Yèar
General Fund
27,683
50,013
(40,930)
36,766
Movements In the year
Income Expendlture
2023
Reserrfes
at beglnnlng
of Year
Reservas
at End
of Year
General Fund
53,327
(25,644)
27,683
General Fund is used to finance the Charitable Incorporated Organisation's general
activities and core costs as outlined in the Trustees. Report.
9. Restrlcted funds
There are no reslricled funds during the year ended 2024 (period of 15th November 2021 to
28th February 2023: None)
10. Guarantees and Other Flnancial Commitments
There were no financial commitments falling due during year ended 2024 {151h November
2021 To 281h February 2023- None)
13

ASPIRE LIVERPOOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28Th FEBRUARY 2024
11. Related Parties
There were no material related party transactions during this year ended whsch require
disclosure.
14-