DoGUSign Envelope ID". C58BC945-AF244236-B7D9-93544F17D2C2 ASPIRE LIVERPOOL ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025 Charity Registration No. 1196570
DoGUSign Envelope ID". C58BC945-AF244236-B7D9-93544F17D2C2 ASPIRE LIVERPOOL CONTENTS Page Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Balan Sheet Notes to the Financial Statements
DoGUSign Envelope ID". C58BC945-AF244236-B7D9-93544F17D2C2 ASPIRE LIVERPOOL TRUSTEES'ANNUAL REPORT FOR THE YEAR ENDED 28TH FEBRUARY 2025 The Trustees present their report and financial statements for the Charitable Incorporated Organisation for the year ended 28th February 2025. The financial statements have been prepared in accordance with the charity's trust deed, the Charities Act 2011 and 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 published (FRS 102) (effective 1st January 2019). OBJECTIVES AND ACTIVITIES 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, namely Oxford and Cambridge. sin 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 0 successful residential trips to Oxford and Cambridge University, with a total of 100 students from the city of Liverpool benefiting from this opportunity. As a result, students were more likely to apply to the top 0 universities. The Trustees employ a member of staff who acts as the Director ofthe Charity and is responsible for both the governing of the Charity and the delivery of its programs, including the delivery of in-school workshops and 1-2-1 support sessions. Paid for his SeiceS during this period included transport for our residential trips, confidence building workshops, and a 1-2-1 Oxbridge mentoring service. The Trustees have followed the guidance issued by the Charity Commission in deciding what activities the charity should undertake. Public Benefits In considering the objectives and activities, the trustees have considered Charity Commission guidance on public benefit to ensure that the organisation is meeting its public benefit requirements. ACHIEVEMENTS AND PERFORMANCE Aspire Liverpool's efforts have contributed to a sustained increase in Liverpool students applying to Oxbridge. Our dual cohort system, Year 10 'lnspire' and Year 12 'Reaching Higher,, continues to provide monthly Oxbridge-style lectures, workshops, and mentoring. This year, student engagement exceeded expectations, with almost 400 students involved. Our mentoring program supported Year 12 students throughout their university application processes. Applications from Liverpool to Oxford and Cambridge maintained their upward trajectory, with 160 students applying for 2025 entry. A notable new achievement is the collaboration with Magdalene College, Cambridge, to deliver a bi-annual Liverpool event at St George's Hall. Plans for the first joint event are underway, designed to showcase Oxbridge opportunities and raise aspirations across the city. Aspire Liverpool is also expanding its open day residential offers.. in 2024-25, these trips included dedicated residentials for both Oxford and Cambridge visits, offering students deeper insight into the university experience. However, moving fonmard, we plan to run smaller overnight residentials for the official Oxford and Cambridge open days.
DoGUSign Envelope ID". C58BC945-AF244236-B7D9-93544F17D2C2 ASPIRE LIVERPOOL TRUSTEES'ANNUAL REPORT FOR THE YEAR ENDED 28TH FEBRUARY 2025 FINANCIAL REVIEW Total income for the year was £62,563 (2024.. £50,013). Total expenditure for the year was £43,183 (2024= £40,930), leaving a surplus for the year of £19,380 (2024.. Surplus £9,083). At 28th February 2025 the Charitable Incorporated Organisation's reserves stood at £56,146 (2024.. £36,766) of which represented the unrestricted funds. RISK MANAGEMENT The Irustees 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 the end of the financial year the unrestricted funds totalled £56,146. The Charitable Incorporated Organisation requires £1,827 for redundancy provision, £10,796 for three months, running costs, (total £12,623). The trustees plan for the balance of the unrestricted reserves is for the improvement and development of the projects and activities and provision of mentoring services. PLANS FOR THE FUTURE Looking ahead, Aspire Liverpool is committed to further developing its in-house mentoring service, strengthening the alumni network, and enhancing links with industry to provide work experien opportunities for students. In partnership with Magdalene College, the charity is set to establish its bi-annual Liverpool event at St George's Hall, aiming for substantial city-wide impact, and broaden the trip offering with open day residentials tailored for aspirational applicants. These strategic initiatives align with our goal to maximise student potential through direct experience and mentorship. STRUCTURE, GOVERNANCE AND MANAGEMENT Aspire Liverpool is a registered Charitable Incorporated Organisation (CIO), number 1196570 registered on 15th November 2021 under the terms of the Constitution 15th November 2021 revised 2nd April 2022. The charity currently has four trustees, the minimum required is three but there is a maximum of six trustees allowed according to its constitution. Appointment of charity trustees Apart from the first charity trustees, every trustee must be appointed Ifor a term of three yearsl by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. Information for new charity trustees The charity trustees will make available to each new Charity trustee, on or before his or her first appointment.. a copy of the current version of this constitution,. and
DoGUSign Envelope ID". C58BC945-AF244236-B7D9-93544F17D2C2 ASPIRE LIVERPOOL TRUSTEES'ANNUAL REPORT FOR THE YEAR ENDED 28TH FEBRUARY 2025 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 Charity number 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 A J Gossage Sir T P Leahy R Stalker (Appointed 1 st October 2024} Independent Examiner Ying Huang, ACCA LCVS 151 Dale Street, Liverpool, L2 2AH Co- Operative Bank PIC PO Box 250 Skelmersdale, WN8 6 Bankers Signed on behalf of the Trustees. 08 December 2025 Rachel Stalker, Trustee Date
DoGUSign Envelope ID". C58BC945-AF244236-B7D9-93544F17D2C2 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ASPIRE LIVERPOOL I report on the accounts ofthe Charitable Incorporated Organisation for the year ended 28th February 2025 which are set out on pages 6 to 13. Res ective res onsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit 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 given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state 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 inde endent examinerfs statement In connection with my examination, no matter has come to my attention.. Inde endent examiner's statement (1) which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 130 of the Charities Act., to prepare accounts which accord with the accounting records and comply 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 10 Decernber 2025 Dated.. DF051AE92ÉBD4È6
DoGUSign Envelope ID". C58BC945-AF244236-B7D9-93544F17D2C2 ASPIRE LIVERPOOL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28TH FEBRUARY 2025 Notes Unrestricted Restricted Funds Funds 2025 2025 Totals Totals 2025 2024 Income and Endowments from: Donations and legacies 62,563 62,563 50,013 Total income 62,563 62,563 50,013 Expenditure on: Charitable activities 43,183 43,183 40,930 Total expenditure 43,183 43,183 40,930 Net income, net movement in funds 19,380 19,380 9,083 Total funds brought fonmard 36,766 36,766 27,683 Total funds carried forward 56,146 56,146 36,766 The notes on pages 8 to 13 form part of these accounts. All the above amounts relate to continuing activities of the Charitable Incorporated Organisation.
DoGUSign Envelope ID". C58BC945-AF244236-B7D9-93544F17D2C2 ASPIRE LIVERPOOL BALANCE SHEET AS AT 28TH FEBRUARY 2025 Notes 28th February 2025 28th February 2024 Fixed assets Tangible fixed assets Current assets Debtors Cash at bank and in hand 8,096 49,058 10,596 27,125 57,154 37,721 Current liabilities Creditors.. amounts falling due within one year (1,008) (955) Net current assets 56,146 36,766 Total assets less current liabilities 56.146 36,766 Funds: Unrestricted funds Restricted funds 56,146 36,766 56,146 36,766 08 Decewbei 2025 Approved by Trustees on . Rachel Stalker, Trustee
DoGUSign Envelope ID". C58BC945-AF244236-B7D9-93544F17D2C2 ASPIRE LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025 1. Accounting Policies Basis 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 (FRS102) (SORP 2019) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) (effective 1st January 2019) and Charities Act 2011. 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 with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The Charitable Incorporated Organisation 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. Going concern 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 levels of liquidity and free reserves will not affect the Charitable Incorporated Organisation operations. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the accounts. Fund accounting Unrestricted funds are the charitable Incorporated Organisation's free reserves available for the Trustees to apply in accordance 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 recognition All income is recognised once the Charitable Incorporated Organisation has entitlement to the income, there is sufficient cerlainty of receipl and so it is probable that the income will be received, and the amount of income receivable can be measured reliably. Donations and legacies comprise donations which are recognised in the accounts when reived, with the exception of known legacies which are accounted for when their receipt is certain. Income from charitable activities is recognised on an accrual's basis except for grants re1Vable, which are recognised on the date on which their unconditional payment is confirmed by the donor.
DoGUSign Envelope ID". C58BC945-AF244236-B7D9-93544F17D2C2 ASPIRE LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025 Fixed Assets Capital expenditure of £200 and above is stated in the balan sheet at cost less accumulated depreciation. Depreciation is provided to write off the cost of each asset over its expected useful life as below.. Computer Equipment 20 % per annum straight line method Expenditure recognition Liabilities are recognised as soon as there is a legal or constructive 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 governance costs, are allocated or apportioned to the applicable expenditure headings in the Statement 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 objectives of the Charitable Incorporated Organisation. Support and governance costs relate to the management and operation of the Organisation and also compliance with constitutional and statutory requirements in producing the annual report. These are dealt with in the Statement of Financial Activities when payment has been approved by the charity. 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. Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther 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 re1vable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and are initially recognised at the present 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 subsequently carried at amortised cost, using the effective interest rate method.
DoGUSign Envelope ID". C58BC945-AF244236-B7D9-93544F17D2C2 ASPIRE LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025 Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 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 on-going 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. All expenditure is accounted for on an accrual's basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the Statement of Financial Activities. Support and governance costs are applied to 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 to meet the objectives of the charity. Support and governance costs relate to the management and operation of the organisation and also compliance with constitutional and statutory requirements in producing the annual report. These are dealt with in the Statement of Financial Activities when payment has been approved by the charity. Taxation Income and gains are exempt from taxation as they are received and applied for charitable purposes only. The Charitable Incorporated Organisation benefits from various exemptions from taxation afforded by tax legislation and is not liable to corporation tax on income or gains falling within those exemptions. The Charitable Incorporated Organisation is not able to recover Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT. 2. Income and endowments from: Unrestricted Restricted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 Donations and legacies Donations Gift Aid 55,000 7,563 55,000 7,563 40,013 10,000 Total 62,563 62,563 50,013 10
DoGUSign Envelope ID". C58BC945-AF244236-B7D9-93544F17D2C2 ASPIRE LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025 3. Expenditure on Charitable activities Direct Charitable Expenditure 2025 Support & Governance Costs 2025 Total Total 2025 2024 To advance the education of pupils in the Liverpool City Region by raising the aspirations and maximising the potential 33,365 9,818 43,183 40,930 analysed as follows= Direct charitable expenditure.. Staff salary costs Pension Training Programme Residential Volunteer expenses DBS fees 18,580 1,372 17,458 1,317 96 6,429 7,143 147 7,889 5,218 135 171 33,365 32,590 Support & Govemance costs.. Staff salary costs Pension Insurance Office expenses Telephone Travel Sundry Payroll fees Accountancy 6,193 458 132 1,181 265 131 5,819 439 124 339 232 105 639 775 542 740 9,818 8,340 Totsl expenditure on charitable activities 43,183 40,930 2025 2024 b. Staff costs Gross wages and salaries Social security costs Pension 22,873 1,900 1,830 22,200 1,077 1,756 26,603 25,033
DoGUSign Envelope ID". C58BC945-AF244236-B7D9-93544F17D2C2 ASPIRE LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025 c. Particulars of employees: The average number of employees during the year, calculated on the basis of full-time equivalents, was as follows.. 2025 2024 Charitable activities No employee received emoluments of more than £60,000 during the year. The Trustees are not remunerated for their ServIS and are not included in the above number of employees. 4. Tangible fixed assets There are no tangible fixed assets for the year ended 28th February 2025 {281h February 2024.. None) 5. Debtors 2025 2024 Other Debtors 8,096 10,956 6. Creditors: amounts falling due within one year 2025 2024 Accruals Other creditors 775 233 740 215 1,008 955 7. Analysis of net assets between Funds 2025 Tangible Fixed Net Current Assets Assets Total Unrestricted Funds General Fund 56,146 56,146 Restricted Funds Totals 56,146 56,146 12
DoGUSign Envelope ID". C58BC945-AF244236-B7D9-93544F17D2C2 ASPIRE LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025 2024 Tangible Fixed Net Current Assets Assets Total Unrestricted Funds General Fund 36,766 36,766 Restricted Funds Totals 36,766 36,766 8. Unrestricted funds Movements in the year Income Expenditure 2025 Reserves at beginning of Year Reserves at End of Year General Fund 36,766 62,563 (43,183) 56,146 Movements in the year Income Expenditure 2024 Reserves at beginning of Year Reserves at End of Year General Fund 27,683 50.013 (40,930) 36,766 General Fund is used to finance the Charitable Incorporated Organisation's general activities and core costs as outlined in the Trustees, Report. 9. Restricted funds There are no restricted funds during the year ended 2025 {2024: None) 10. Guarantees and Other Financial Commitments There were no financial commitments falling due during year ended 2025 (2024.. None) 11. Related Parties There were no material related party transactions during this year ended which require disclosure.