Aspire (N.1.) {A company limited by guarante8, not havlng a sharè capitsll DIRECTORS. ANNUAL REPORT for the financial year ended 31 August 2023 The directors present their Directors, Annual Report, combining the Directors, Report and Trustees, Report. aftd the unaudited financial slatsments for the financial year ended 31 August 2023. The financial statements are prepad in accordance with the Companies Act 2006. FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Pracliee applicable lo charities preparing their financial slalemenls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The Directors, Report contsins the infomiation required to be provided in the Directors, Annual Report under the Statement of Recommended Practice ISORPI guidelines. The directors of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as members of the board of trustees. In this report the directors of Aspire {N.l.} present a summary of ils purpose. governance. activities. achievements and finances for the financial financial year 31 August 2023. The company is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Companies Act 2006 and. although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these financial 5tatements_ Objectives and Activities Aspire INI) exists lo deliver on its principal activity to work with children in Northern Ireland in poverty to help close the educational gap between the rich and poor. We are a faith driven charity based in Craigavon. Northern Ireland that work with local youth workers and churches to provide free servicÉs for children from lower income families lo support and equip them in eduealion. Ob"eclives Aspire INI} has been established to help close the educational attainment gap by partnering with sehools and relevant agencies to.. Provide relationships that enable young people to recognise their skills and full potential. Provide facilitators lo encourage young people in education and help them lo lake ownership of their own education. Help those from lower income families by providing free tuition services Help young people to leam outside of the classroom by providing fun based eduealional a¢tivitie$ outside of school hours Give young people the opportunity to explore faith. Activities Aspire Sessions These offer a place for young people lo work in a supervised and supportive environment after school. We provide facililalors who encourage the young people and provide them with support_ The facilitators are youth workers from local churches or organisations. Our young people ale provided with laptops. $ouT$, and refreshm8nts. Aspire Tuition For young people who take part in our after-school sessions who are struggling with any subjects. Aspire will endeavour lo link this young person lo a suitable lulor from our bank of volunteers who are qualrfied in thi5 subje¢t and provide a period of free lullion. Aspire ActivilRs Eduction is not just what happens in the classroom but can be fun too. Aspire activities are monthly activities for young people run by local churches and youth groups where learning is combined with leisure $uch a$ sport or music lessons. Achlevements and porformance The outcomes we sel out to achieve with Aspire are the prevention or relief of p¢vety and the advancement of education for children and young people in Northern Ireland. We achieve these outcomes through counsellinglsupporL providing free education and training by working with schools. The benefits are improved literacy and numeracy of young people from low-income backgrounds. These benefits of Aspire extend to schools, families and communities in areas of deprivation.
Aspire (N.1.) IA company limited by guarantee, not havlng a share capltsll DIRECTORS. ANNUAL REPORT for the financial year ended 31 August 2023 202212023 has been a great year for Aspire. We expanded our work in Belfast. ran a cross community camp and 8 academies. We have worked in 25 schools this term. We also ran a unifom exchange. a back lo school day in Belfast and a kids summer scheme in Craigavon. Aspire has had another year of growth in 2022123, expanding our reach in Belfast and running more academies across Craigavon and Belfast. Running homework Clubs in 25 $¢hool$ and running summer schemes. camp and parents nights. We ran our Aspire Academy in 2022123 across Craigavon providing training in art. business. youth work, music production, wellbeing and barista for secondary age children and art. music and gaming for primary age children. In Belfast we ran football. art and music academies for secondary age children. Our young people have been perfom)ing well in $chool and we have been able lo track their success in education. behaviour and attendance. We saw 89'h of our young people achieve 5 or more GCSES at grades A'-C. This was a 5% increase on last year. We were able lo run a cross community camp programme and brought 34 young people from drfferent backgrounds away to Crawfordsburn Scout Centre. The young people were able to take part in diffeienl sporting activities and we ran a programme looking at the history of Northem Ireland. The young people then planned a future town based on what they have learnt. We had special guests from education. youth work and faith backgrounds. Jb Many people have continued lo bless and support Aspire financially. We have increased our monthly giving this year and ran fundraisers. We have held a pub quiz. took part in the marathon. ran a charity football match. a comedy show and a dance challenge. We have received grants this year from UK Youth. LFT Trust. KFC, Bentley, Allen & Overy Foundation and the Education Authority. We feel like we are n(Iw finally back to working to our full strength after the pandemic and are set lo continue to grow and expand in 2023124. IIIIIES
Aspire (N.1.) (A company limfiled by guarantee, not having a share cawtsll DIRECTORS. ANNUAL REPORT for the financial year ended 31 August 2023 Financial Revie From incorporation Aspire has been successful at raising enough fijnds to cover tts running cijsts. The purpose of Aspire is not to be a profft-makrng company, however it must remain sustainable in order to function and continue to aid the Children in need. ReseNes Folicy - the aim is to achieve a level of unrestricted free reseNes equivalent to six months running costs, which the trustees believe is essential to the ongoing work of the charity. Financial Results At the end of the finanua year the company has assets of £48,086 (2022 - £39.070) and liabile8 of £76612022 - £5.664). The net assets of the company have increased by £13,914. Public Benefft The direG% benefiis which flow from our purposes incFude improvement in the %Yellbeing. 5elf-esteem and opportunities for children from a lower income background. These benefits are demonstrated through our feedback from the children and their edutrab'onal resufts. These purw)ses does not lead to harm. The charity's beneficiaries are the children from lower income families. The Charity has given careful consideration to the Charty Commission for Northern Ireland's guidance on puLIic benefit to ensure that the a(vities entered into during the year have helped to achieve the organtsation's objeclFve5 and acttvities, as well as providing public benefit Directors The current director5 are as set out on page 3 arnj bd Carol Litue David McBride Oavid Wlie lan Bingham Leonard Adamson Megan Collins Jamie Curran- resigned 31Si October 2023 In accordance wrth the Arttdes of Association, the directors retire by rotatton and. being eligitAe, offer themsetves for relecbon. Compllance with Sector-wide Legislation and Standards The company engages pro-actively legislation. standards and codes which are developed for the sector. Aspire (N.1.) subscribes to and is coMlant1th the fdlowng: The Companies Act 2C106 The Chartties SORP (FRS 102) Approved by the Board of Directors on 131h December 2023 and signed on Its behalf by: Leonard Adamson Director
Aspire (N.1.) company l#nited by guarantee. not having a share capital) STATEMENT OF DIRECTORS. RESPONSIBILITIES forthe financial year ended 31 August13 The directors are responsie for preparing the financial ststsments in accordance Véith apICable law and regulatior. Company law requires the ¢threctors to prepare financaal statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance th United FQngdom Generally Accepted Accounting practi (United lfjngdom AcUnting Standards and applicable law) including FRS102 "The Financial Reporttng Standard apF4icable in the UK and Republic of Ireland,. Under company law the directors must not approve the financaal statements unless they are satisfied that they give a true and fair view of the state of affairs of the comKYdny and of the net incorne or expend'tture of the company for that period. In preparing these financral statements, the direclors are required to: select sultae accounting polictes and apFly them consistenly" make judgements and estimates that are reasonatAe and PTudent state whether the financial statements have been prepared in accordance trt the relevant ffinanaal reporting framework, identify those stsndards, and note the effect and the reasons for any material departure from those standards; and prepare the financial statements on the g)ing concem basis unless tt is inappropriate to presume that the company will continue in operation. The directors confirm that they have comF4ied the above requirements in preparing the finanu81 statements. The directors are responsible for keeping adequate accounting records that are suffiaent to show and exdain the company s transactions and disdose with reasonable accuracy at any time the financial posi*'on of the company and enable them to ensure that the financial statements comply with. They afe also reSponsie for safeguaT¢thng the assets of the company and hence for taknng reasonable Ste for the prevention and detecÈton of fraud and other iiregularikn'es. Approved by the Board of Directors on 13th December 2023 and signed on its behalf by: Leonard Adamson Director