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 Se￿iceS 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
re￿ived, 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
re￿1Vable, 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 re￿1vable 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 ServI￿S 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.