ASPIRE4U COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
07111700 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

ASPIRE4U COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ASPIRE4U COMMUNITY INTEREST COMPANY

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

This year has been a year of heavy transition as we adapted a lot of our practices to reflect the coming world. We’ve continued to align with our core pillars of mindset development, financial literacy and employability. For those less familiar with our take on these 3 factors, we believe that navigating the modern world involves understanding the mind; understanding money and then finding your place to be made use of definition of ‘employ’. These three attributes are core protective factors which other life values can be built on if navigating western society.Our work towards this over the last year is seen below. We’re actively addressing these pillars through various experiential programmes and targeted interventions.We play a role in creating breakthroughs in pivotal ways. Our only limitations are linked to those who partner with us or commission us being aligned with our approach. Mindset DevelopmentWe’ve become an enhanced practitioner in this field, running national and multiregional programmes around mental health (MH), with a high level of clinical support and governance.

Additional information

We believe our future will continue to evolve around our pillars in the following ways: - Mindset Development – mind management will continue to be an essential need and we aim to partner with statutory organisations to deliver this. We’re noticing an increase in people wanting to commission our services for their children or for themselves. Financial Literacy – We can see there is a growing appetite for money management and communities are more vocal about their financial struggles and their hopes to be financially free. We can play a role in modelling healthy approaches to income generation, money management and investing sustainably. Employability – we can see communities are increasingly activated to do more and give back. They want valuable and meaningful experiences. We can play a role in designing experiences they value, utilising culture as a hook, with psychologically informed approaches to ensure better outcomes.



Directors

The director shown below has held office during the whole of the period from
1 January 2023 to 31 December 2023

CHRIS SHOWANDE


Secretary Yvonne Hagan

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
1 May 2024

And signed on behalf of the board by:
Name: CHRIS SHOWANDE
Status: Director

ASPIRE4U COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 657,000 1,076,326
Cost of sales: ( 293,286 ) ( 639,455 )
Gross profit(or loss): 363,714 436,871
Administrative expenses: ( 352,031 ) ( 427,667 )
Operating profit(or loss): 11,683 9,204
Profit(or loss) before tax: 11,683 9,204
Tax: ( 2,225 ) ( 1,029 )
Profit(or loss) for the financial year: 9,458 8,175

ASPIRE4U COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 5,033 5,062
Total fixed assets: 5,033 5,062
Current assets
Debtors: 4 46,887 16,924
Cash at bank and in hand: 42,888 179,548
Total current assets: 89,775 196,472
Creditors: amounts falling due within one year: 5 ( 42,327 ) ( 157,796 )
Net current assets (liabilities): 47,448 38,676
Total assets less current liabilities: 52,481 43,738
Total net assets (liabilities): 52,481 43,738
Members' funds
Profit and loss account: 52,481 43,738
Total members' funds: 52,481 43,738

The notes form part of these financial statements

ASPIRE4U COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 1 May 2024
and signed on behalf of the board by:

Name: CHRIS SHOWANDE
Status: Director

The notes form part of these financial statements

ASPIRE4U COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Straight line

    Other accounting policies

    GAAP & IFRS

ASPIRE4U COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 16 12

ASPIRE4U COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 9,394 9,394
Additions 7,351 7,351
Disposals
Revaluations
Transfers
At 31 December 2023 16,745 16,745
Depreciation
At 1 January 2023 4,332 4,332
Charge for year 7,380 7,380
On disposals
Other adjustments
At 31 December 2023 11,712 11,712
Net book value
At 31 December 2023 5,033 5,033
At 31 December 2022 5,062 5,062

ASPIRE4U COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 46,887 16,924
Total 46,887 16,924

ASPIRE4U COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 16,268
Taxation and social security 26,059
Accruals and deferred income 157,796
Total 42,327 157,796

COMMUNITY INTEREST ANNUAL REPORT

ASPIRE4U COMMUNITY INTEREST COMPANY

Company Number: 07111700 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

MH Portfolio:Sandwell Care Experienced People – We’ve supported the local authority in some mental health wrap around support with a targeted intervention for care experienced people as their needs are distinct. Sandwell Public Health MH Wellbeing Initiative – We worked with various partners to deliver frontline mental health support which resulted in opportunities for targeting Care Experienced People with their MH.To employ something is to make use of it, therefore we believe in twisting the modern application of employability into something existential, therefore we don’t see this as having a job only, but to make use of one’s self. Here are ways we are infusing people into our opportunities.Research:NHS Research Health Inequalities – we helped one NHS Trust utilise podcasts to be able to listen to people’s interpretations of health inequality. The research involved people with various live experiences who shared the various ways they encountered health inequalities. This qualitative analysis went on to help NHS data team to scrutinise their quantitative data and create a stronger understanding of where communities are at in their understanding and literacy of NHS terminology. YEF Local People’s Views – We worked with BVSC and Youth Endowment Fund to deliver some culturally appropriate community engagement with local people in Nort West Birmingham to help address local needs in relations to youth violence. Skills Training:Podcasting Skills – we continue to use modern skills to engage and help people. Wedelivered podcasting skills training to the PCC and Recovery College to help adultsdevelop future ready skills. Content Creation Jobs – We delivered training in social media and content creating to communities on behalf of the NHS, housing association and other pro-bono circumstances.Street Team:Engaging people away from antisocial behaviour has been a strong part of our street team. One project ended with WMCA which was for targeting youth unemployment. This then got commissioned in Walsall to address antisocial behaviours.

Consultation with stakeholders

Empowering communities to shape their well-being: We prioritize stakeholder consultations to ensure our programs directly address the needs of the people we serve.Through our "Shapers Group" forum, young people who've used our youth mental health program provide real-time feedback, shaping improvements and future program features. Similarly, weekly group sessions for adult wellbeing service users in East England empower them to co-create their support plans and directly influence service development.We regularly convene with commissioners and local decision-makers. This ongoing dialogue helps us identify service gaps and co-develop impactful programs to bridge those gaps.

Directors' remuneration

27900

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
1 May 2024

And signed on behalf of the board by:
Name: CHRIS SHOWANDE
Status: Director