Docusign Envelope ID: 6C38BC6E-9728-4FEA-B4D8-109069BC95E7
REGISTERED COMPANY NUMBER: (England and Wales) REGISTERED CHARITY NUMBER: 12009150
Report of the Trustees and
Unaudited Financial Statements for the Period 1 August 2024 to 31 March 2025
for
Aiming Higher
CCW Limited Chartered Accountants 295/297 Church Street Blackpool Lancashire FY1 3PJ
Docusign Envelope ID: 6C38BC6E-9728-4FEA-B4D8-109069BC95E7
Aiming Higher
Contents of the Financial Statements for the Period 1 August 2024 to 31 March 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
Docusign Envelope ID: 6C38BC6E-9728-4FEA-B4D8-109069BC95E7
Aiming Higher
Report of the Trustees
for the Period 1 August 2024 to 31 March 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 1 August 2024 to 31 March 2025. The trustees have adopted the provisions of 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To relieve the needs of disabled people and their family and carers as the trustees shall determine.
FINANCIAL REVIEW
Financial position
The finances are reviewed on a regular basis, at all trustee meetings and the accounts are independently examined at the end of the financial year. The Trustees constantly consider fundraising and the sustainability of the organization.
Principal funding sources
The principal funding sources for the charity are by way of grants.
Reserves policy
The aim of the Reserves Policy remains to ensure the organization is sustainable.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
Trustees are recruited from withing the membership of the organization, from the local communities which Aiming Higher serves, and, as far as is practicable, recruitment is targeted to reflect both the skills that are needed and the diversity of members, member organizations and the communities they serve.
Induction and training of new trustees
Induction training is provided to all trustees on appointment to familiarize them with the work of the organization and to ensure that they are able to make an immediate contribution to its strategic management.
Key management remuneration
The charity applies salaries to all personnel commensurate with duties and that are consistent with the parameters of nationally agreed rates of pay. The charity considers its key management personnel to be the services manager.
Risk management
The trustees have examined the major strategic, business and operational risks which the charity faces and confirmed that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen the risks.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
(England and Wales)
Registered Charity number
12009150
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Aiming Higher
Report of the Trustees
for the Period 1 August 2024 to 31 March 2025
Registered office
231-233 Church Street Blackpool Lancashire FY1 3PB
Trustees
Mrs H P Ainge Mr P Jebb Chair Mr G Mills Mrs A L Dawson (resigned 18.10.25) Mrs A Gilmore Mrs R H Wilis (appointed 7.4.25) Mr J Child Mrs C L Bell
Independent Examiner
Paul Ronson FCA CCW Limited Chartered Accountants 295/297 Church Street Blackpool Lancashire FY1 3PJ
COMMENCEMENT OF ACTIVITIES
Aiming Higher For the Disabled Community was registered as a Charitable Incorporated Organisation on the 16th July 2024. The registered charity number is 1209150.
The new charity began its activities from the 1st August 2024.
The charity was formed, when the previous charity Aiming Higher (registered Charity Commission number 1144664) changed from a constitutional model into a Charitable Organisation.
23-Jan-26
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................................... Mr P Jebb - Trustee
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Independent Examiner's Report to the Trustees of Aiming Higher
Independent examiner's report to the trustees of Aiming Higher ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the period 1 August 2024 to 31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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 accounts to be reached.
Paul Ronson FCA
CCW Limited Chartered Accountants 295/297 Church Street Blackpool Lancashire FY1 3PJ 23-Jan-26
Date: .............................................
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Aiming Higher
Statement of Financial Activities for the Period 1 August 2024 to 31 March 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 6,661 Charitable activities Chairtable Activities 9,358 Investment income 2 6,399 Total 22,418 EXPENDITURE ON Charitable activities Chairtable Activities 32,778 NET INCOME/(EXPENDITURE) (10,360) RECONCILIATION OF FUNDS Total funds brought forward 81,106 TOTAL FUNDS CARRIED FORWARD 70,746 |
Restricted funds £ - 153,279 - 153,279 175,061 (21,782) 112,489 90,707 |
Total funds £ 6,661 162,637 6,399 175,697 207,839 (32,142) 193,595 161,453 |
|---|---|---|
The notes form part of these financial statements
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Aiming Higher
Balance Sheet 31 March 2025
| Unrestricted fund Notes £ CURRENT ASSETS Debtors 6 640 Cash at bank and in hand 70,107 70,747 NET CURRENT ASSETS 70,747 TOTAL ASSETS LESS CURRENT LIABILITIES 70,747 NET ASSETS 70,747 FUNDS 7 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - 90,706 90,706 90,706 90,706 90,706 |
Total funds £ 640 160,813 |
|---|---|---|
| 161,453 | ||
| 161,453 | ||
| 161,453 | ||
| 161,453 | ||
| 70,747 90,706 |
||
| 161,453 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
23-Jan-26
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mrs H P Ainge - Trustee
The notes form part of these financial statements
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Aiming Higher
Notes to the Financial Statements
for the Period 1 August 2024 to 31 March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
2. INVESTMENT INCOME
| Rents received Deposit account interest |
£ 5,380 1,019 |
|---|---|
| 6,399 |
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Aiming Higher
Notes to the Financial Statements - continued for the Period 1 August 2024 to 31 March 2025
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting): £ Other operating leases 25,863
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 31 March 2025. Trustees' expenses
There were no trustees' expenses paid for the period ended 31 March 2025.
5. STAFF COSTS
The average monthly number of employees during the period was as follows:
| Trustees Staff No employees received emoluments in excess of £60,000. 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors |
8 9 17 £ 640 |
|---|---|
continued...
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Aiming Higher
Notes to the Financial Statements - continued for the Period 1 August 2024 to 31 March 2025
7. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Lancashire magazine Vera Wolstencroft True Colours Bruce Wake National Lottery Community Fund The Alan Hasall Foundation Zochonis Payback Time Eric Wright Trust House A Team Jeanette Dervish Family Support National Lottery Awards For All The A team Cost of living - Blackpool Council Glasdon A team Barnby's Payback Time A team The Lewin Trust Danbro Citizens advice TOTAL FUNDS |
At 1.8.24 £ 81,106 98 13,755 2,650 2,500 25,134 5,802 2,108 953 10,000 14,950 9,235 1,208 2,169 15,566 197 4,164 2,000 - - - - - 112,489 193,595 |
Net movement in funds £ (10,359) 464 (8,755) (823) (2,500) 4,021 6,456 (2,108) (939) (5,448) (14,950) (8,674) (1,208) (1,268) (5,859) 904 (3,000) (1,484) 1,699 1,882 12,707 5,850 1,250 (21,783) (32,142) |
At 31.3.25 £ 70,747 562 5,000 1,827 - 29,155 12,258 - 14 4,552 - 561 - 901 9,707 1,101 1,164 516 1,699 1,882 12,707 5,850 1,250 |
|---|---|---|---|
| 90,706 | |||
| 161,453 |
continued...
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Aiming Higher
Notes to the Financial Statements - continued for the Period 1 August 2024 to 31 March 2025
7. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Lancashire magazine Vera Wolstencroft True Colours Bruce Wake National Lottery Community Fund The Alan Hasall Foundation Zochonis Payback Time Eric Wright Trust House A Team Jeanette Dervish Family Support National Lottery Awards For All The A team Cost of living - Blackpool Council Glasdon A team Barnby's Rotary Club Duchy of lancashire Payback Time A team The Lewin Trust Danbro Citizens advice TOTAL FUNDS |
Incoming resources £ 22,418 500 5,000 - - 75,080 15,000 - 2,000 - - 2,361 - - - 1,738 10,000 - 3,000 500 1,000 2,000 28,000 5,850 1,250 153,279 175,697 |
Resources Movement expended in funds £ £ (32,777) (10,359) (36) 464 (13,755) (8,755) (823) (823) (2,500) (2,500) (71,059) 4,021 (8,544) 6,456 (2,108) (2,108) (2,939) (939) (5,448) (5,448) (14,950) (14,950) (11,035) (8,674) (1,208) (1,208) (1,268) (1,268) (5,859) (5,859) (834) 904 (13,000) (3,000) (1,484) (1,484) (1,301) 1,699 (500) - (1,000) - (118) 1,882 (15,293) 12,707 - 5,850 - 1,250 (175,062) (21,783) (207,839) (32,142) |
|---|---|---|
continued...
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Aiming Higher
Notes to the Financial Statements - continued for the Period 1 August 2024 to 31 March 2025
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 31 March 2025.
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£
Aiming Higher
Detailed Statement of Financial Activities for the Period 1 August 2024 to 31 March 2025
| INCOME AND ENDOWMENTS Donations and legacies Donations Student placement fees Investment income Rents received Deposit account interest Charitable activities Fundraising and event fees Grants Total incoming resources EXPENDITURE Charitable activities Wages Building costs including rent Business rates Utilities Telephone Office costs Sundries Activity costs Professional fees Health and safety Fundraising costs Total resources expended Net expenditure |
5,261 1,400 6,661 5,380 1,019 6,399 9,358 153,279 162,637 175,697 129,288 25,863 1,152 6,779 1,010 7,403 369 29,960 1,604 3,692 719 207,839 207,839 (32,142) |
|---|---|
This page does not form part of the statutory financial statements
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