IRIS Accounts Production v24.1.0.578 Other Company accounts True false Pounds 1.11.22 31.10.23 31.10.23 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074014812022-10-31074014812023-10-31074014812022-11-012023-10-31074014812021-10-31074014812021-11-012022-10-31074014812022-10-3107401481ns0:CharitableCompanyLimitedByGuarantee2022-11-012023-10-3107401481ns15:PoundSterling2022-11-012023-10-3107401481ns11:FRS1022022-11-012023-10-3107401481ns11:IndependentExaminationCharity2022-11-012023-10-3107401481ns11:SmallCompaniesRegimeForAccounts2022-11-012023-10-3107401481ns11:FullAccounts2022-11-012023-10-3107401481ns11:CharitiesSORP2022-11-012023-10-3107401481ns16:EnglandWales2022-11-012023-10-3107401481ns11:RegisteredOffice2022-11-012023-10-3107401481ns0:Trustee12022-11-012023-10-3107401481ns0:Trustee22022-11-012023-10-3107401481ns0:Trustee32022-11-012023-10-3107401481ns11:CompanySecretary12022-11-012023-10-3107401481ns0:Activity82022-11-012023-10-3107401481ns0:Activity82021-11-012022-10-3107401481ns0:Activity102022-11-012023-10-3107401481ns0:Activity102021-11-012022-10-3107401481ns10:WithinOneYear2023-10-3107401481ns10:WithinOneYear2022-10-3107401481ns10:AfterOneYear2023-10-3107401481ns10:AfterOneYear2022-10-3107401481ns0:TotalUnrestrictedFunds2023-10-310740148122022-11-012023-10-310740148112022-11-012023-10-310740148112021-11-012022-10-3107401481ns10:OwnedAssets2022-11-012023-10-3107401481ns10:OwnedAssets2021-11-012022-10-3107401481ns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-10-3107401481ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-10-3107401481ns10:FurnitureFittings2022-10-3107401481ns10:ComputerEquipment2022-10-3107401481ns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-11-012023-10-3107401481ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-11-012023-10-3107401481ns10:FurnitureFittings2022-11-012023-10-3107401481ns10:ComputerEquipment2022-11-012023-10-3107401481ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-10-3107401481ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-10-3107401481ns10:FurnitureFittings2023-10-3107401481ns10:ComputerEquipment2023-10-3107401481ns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-10-3107401481ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-10-3107401481ns10:FurnitureFittings2022-10-3107401481ns10:ComputerEquipment2022-10-3107401481ns10:BetweenTwoFiveYears2023-10-3107401481ns10:BetweenTwoFiveYears2022-10-31
REGISTERED COMPANY NUMBER: 07401481 (England and Wales)
REGISTERED CHARITY NUMBER: 1141103














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 October 2023

for

ASPIRING COMMUNITIES

ASPIRING COMMUNITIES

Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Report of the Trustees 1 to 4

Independent Examiner's Report 5

Statement of Financial Activities 6

Balance Sheet 7 to 8

Cash Flow Statement 9

Notes to the Cash Flow Statement 10

Notes to the Financial Statements 11 to 17

ASPIRING COMMUNITIES (REGISTERED NUMBER: 07401481)

Report of the Trustees
FOR THE YEAR ENDED 31 OCTOBER 2023



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 year ended 31 October 2023. 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
The Charity's objectives as set out in the objects contained within the company's Articles of Association are:

To further or benefit the residents of Leeds, and locations in Scotland, Ireland and Pakistan, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents.

In furtherance of these objects but not otherwise, the trustees shall have the power:

To establish or secure the establishment of a community centre and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the Company.

Activities
The objects will be achieved and realised through:

1. To establish short term hiring, leasing and secure long term purchase of properties to function as a community centre

2. Provision of community based activities and programmes based upon specific needs

3. Fundraising

-short term funding based upon donations, member subscriptions, business sponsorships

-mid to long term funding based upon donations, member subscriptions, business sponsorships and hiring/rental of community centres for functions/events

-the charity has expanded and evolved its fundraising activities and channels to countries out with the areas of operation.


International Tour Expenses
International group travel is where individuals have paid into the charity bank account and the charity have made a payment or bulk payments to tour guides, tour agencies, flights and hotels etc.

Volunteers
Many volunteers give up their time to help out the charity with fundraising activities. The charity is greatly indebted to these volunteers for their commitment and support.


ASPIRING COMMUNITIES (REGISTERED NUMBER: 07401481)

Report of the Trustees
FOR THE YEAR ENDED 31 OCTOBER 2023


ACHIEVEMENT AND PERFORMANCE
Charitable activities
Working in partnership with local communities and other organisations, our charitable aims, objects and activities centre around three main themes:

1. Advancement of Communities
2. Advancement of Health
3. Advancement of Religion

1. Advancement of Communities

Our community based activities and development programmes revolve around specifically meeting the needs of the local communities through the provision of community centres for:

Community Task Teams & Engagement Workshops
Inter Faith & Multi Cultural Meeting
Youth Career Clinics

Community Centre Projects

Our strategic objectives are to serve local communities on a long term basis delivered through sustainable community centre projects, with segregated facilities for:

Community Based Events
Sporting and Recreation Facilities
Islamic Learning Centres

2. Advancement of Health

Our community health programmes will integrate the balancing needs of fitness, good dietary habits and lifestyle choices whilst addressing the specific cultural needs of ethnic groups through the provision of:

Equal Opportunity Recreation Facilities
Sporting Competitions and Events
Good Health Literature

3. Advancement of Religion

Religious harmony is an essential component in addressing the needs of successful community integration and wider society today, our dedicated programmes will include:

English Speaking Facilities
Inter Faith Meetings and Events
Open Access Islamic Learning Centres

Throughout the year, the trustees will travel to Pakistan to promote the true and peaceful teachings of Islam and furthermore distribute aid to the poor and needy.

FINANCIAL REVIEW
Reserves policy
The General fund represents funds arising from past operating results. The Directors are satisfied that the balance of the fund will enable the charity to meet its objectives. The Directors have also examined the requirement to maintain reserves for the on going work of the charity and concluded that the most appropriate level is between 6 to 12 months of operational expenditure.


ASPIRING COMMUNITIES (REGISTERED NUMBER: 07401481)

Report of the Trustees
FOR THE YEAR ENDED 31 OCTOBER 2023


FUTURE PLANS
The charity currently holds a significant amount of funds in the charity account relating to the new main development at the Icepack site.

Works are currently ongoing, with further building works and renovation underway and continuing in accordance with the approved planning permission conditions.

The site is now expected to become operational by Q4 2024 or early 2025, extending the previously envisaged timeline of Q4 2023 or early 2024.

The additional building, the ex Passmore Commercial Unit, will remain dormant until future plans are established to maximise the return and revenues for the charity, with the main focus and priority the Icepack site development.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Aspiring Communities is a registered charity and also a company limited by guarantee without share capital. Aspiring Communities was established in 2010. The Memorandum of Association and Articles of Association was incorporated on 8th October 2010. The charity number is 1141103 and the company registration number is 7401481.

Recruitment and appointment of new trustees
The trustees have the power to appoint any person to be a trustee in accordance with the provisions of the Trust Deed. An appointed trustee holds office within the limits permitted by law.

Organisational structure
The charity is managed by the directors. The details of the current directors are listed below:

Nadeem Mahammed Hanif
Nazarbat Mahroof
Jahan Zeb Ahmed

All major decisions are carried out through consultation and agreement with all the trustees.

Induction and training of new trustees
All new trustees are given, in the view of the board, sufficient training and have enough knowledge of their specific field to the understand the nature of the charity and fully comply with the charities current views of its progression. External training sessions are provided if required.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07401481 (England and Wales)

Registered Charity number
1141103

Registered office
49 Barkly Road
Beeston
Leeds
LS11 7EN

Trustees
N M Hanif
N Mahroof
J Z Ahmed

Company Secretary

ASPIRING COMMUNITIES (REGISTERED NUMBER: 07401481)

Report of the Trustees
FOR THE YEAR ENDED 31 OCTOBER 2023


REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
SKM Chartered Accountants
Pegasus House
5 Winckley Court
Mount Street
Preston
Lancashire
PR1 8BU

Bankers
Barclays Bank PLC
Leicester
LE87 2BB

Approved by order of the board of trustees on 28 August 2024 and signed on its behalf by:





N M Hanif - Trustee

Independent Examiner's Report to the Trustees of
Aspiring Communities


Independent examiner's report to the trustees of Aspiring Communities ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2023.

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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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.








Mrs Shamim Mahomed

SKM Chartered Accountants
Pegasus House
5 Winckley Court
Mount Street
Preston
Lancashire
PR1 8BU

28 August 2024

ASPIRING COMMUNITIES

Statement of Financial Activities
FOR THE YEAR ENDED 31 OCTOBER 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 657,421 596,777

Investment income 3 2,546 1,871
Total 659,967 598,648

EXPENDITURE ON
Charitable activities 4
Support costs 59,711 475,765
Provision of Services 291,297 -
Total 351,008 475,765

NET INCOME 308,959 122,883
Other recognised gains/(losses)
Gains/(losses) on revaluation of fixed assets (1,010,561 ) -
Net movement in funds (701,602 ) 122,883

RECONCILIATION OF FUNDS
Total funds brought forward 2,085,262 1,962,379

TOTAL FUNDS CARRIED FORWARD 1,383,660 2,085,262

ASPIRING COMMUNITIES (REGISTERED NUMBER: 07401481)

Balance Sheet
31 OCTOBER 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 9 1,252,587 1,265,642

CURRENT ASSETS
Debtors 10 77,657 59,731
Cash at bank and in hand 1,246,683 1,486,594
1,324,340 1,546,325

CREDITORS
Amounts falling due within one year 11 (136,425 ) (47,548 )

NET CURRENT ASSETS 1,187,915 1,498,777

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,440,502

2,764,419

CREDITORS
Amounts falling due after more than one year 12 (1,056,842 ) (679,157 )

NET ASSETS 1,383,660 2,085,262
FUNDS 14
Unrestricted funds 1,383,660 2,085,262
TOTAL FUNDS 1,383,660 2,085,262

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(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.


ASPIRING COMMUNITIES (REGISTERED NUMBER: 07401481)

Balance Sheet - continued
31 OCTOBER 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 28 August 2024 and were signed on its behalf by:





N M Hanif - Trustee

ASPIRING COMMUNITIES

Cash Flow Statement
FOR THE YEAR ENDED 31 OCTOBER 2023

2023 2022
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 377,847 279,698
Net cash provided by operating activities 377,847 279,698

Cash flows from investing activities
Purchase of tangible fixed assets (997,989 ) (95,087 )
Interest received 2,546 1,871
Net cash used in investing activities (995,443 ) (93,216 )

Cash flows from financing activities
New loans in year 400,185 22,500
Loan repayments in year (20,000 ) (42,000 )
Loan converted into donations (2,500 ) (21,460 )
Net cash provided by/(used in) financing activities 377,685 (40,960 )

Change in cash and cash equivalents in
the reporting period

(239,911

)

145,522
Cash and cash equivalents at the
beginning of the reporting period

1,486,594

1,341,072
Cash and cash equivalents at the end of
the reporting period

1,246,683

1,486,594

ASPIRING COMMUNITIES

Notes to the Cash Flow Statement
FOR THE YEAR ENDED 31 OCTOBER 2023


1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2023 2022
£    £   
Net income for the reporting period (as per the Statement of Financial
Activities)

308,959

122,883
Adjustments for:
Depreciation charges 483 575
Interest received (2,546 ) (1,871 )
(Increase)/decrease in debtors (17,926 ) 120,277
Increase in creditors 88,877 37,834
Net cash provided by operations 377,847 279,698


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1/11/22 Cash flow At 31/10/23
£    £    £   
Net cash
Cash at bank and in hand 1,486,594 (239,911 ) 1,246,683
1,486,594 (239,911 ) 1,246,683

Debt
Debts falling due after 1 year (679,157 ) (377,685 ) (1,056,842 )
(679,157 ) (377,685 ) (1,056,842 )
Total 807,437 (617,596 ) 189,841

ASPIRING COMMUNITIES

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023


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, as modified by the revaluation of certain assets.

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.

Tangible fixed assets
Land and property is not depreciated. Buildings are maintained to ensure that their value does not diminish
over time. The maintenance costs are charged to profit and loss in the year incurred. In the trustees' opinion, depreciation would be immaterial and has not been charged.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and Fittings - 15% on reducing balance

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.


ASPIRING COMMUNITIES

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. DONATIONS AND LEGACIES
2023 2022
£    £   
Donations 575,993 536,333
Gift aid 81,428 60,444
657,421 596,777

3. INVESTMENT INCOME
2023 2022
£    £   
Interest Received 2,546 1,871

4. CHARITABLE ACTIVITIES COSTS
Support
costs (see
note 5)
£   
Support costs 59,711
Provision of Services 291,297
351,008

5. SUPPORT COSTS
Governance
Management Finance costs Totals
£    £    £    £   
Support costs 43,742 2,495 13,474 59,711
Provision of Services 291,297 - - 291,297
335,039 2,495 13,474 351,008

Support costs, included in the above, are as follows:

Management
2023 2022
Provision
Support of Total Total
costs Services activities activities
£    £    £    £   
Iftaar Campaign - 102,644 102,644 196,500
Event Expenses - 188,653 188,653 197,558
Motor & Travel expenses 8,535 - 8,535 7,447
Telephone 488 - 488 304
International Tours Expenses - - - 24,419
Sundries 185 - 185 175
Insurance 12,168 - 12,168 5,211
Post and Stationery 7 - 7 2,698
Repairs and Renewals 16,234 - 16,234 26,357
Carried forward 37,617 291,297 328,914 460,669

ASPIRING COMMUNITIES

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


5. SUPPORT COSTS - continued

Management - continued

2023 2022
Provision
Support of Total Total
costs Services activities activities
£    £    £    £   
Brought forward 37,617 291,297 328,914 460,669
Heat and Light 5,628 - 5,628 1,216
Rates and water 14 - 14 936
IT Cost - - - 750
Depreciation of tangible and heritage assets 483 - 483 575
43,742 291,297 335,039 464,146

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£    £   
Depreciation - owned assets 483 575

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 October 2023 nor for the year ended 31 October 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 October 2023 nor for the year ended 31 October 2022.


8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 596,777

Investment income 1,871
Total 598,648

EXPENDITURE ON
Charitable activities
Support costs 475,765

NET INCOME 122,883

ASPIRING COMMUNITIES

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£   


RECONCILIATION OF FUNDS
Total funds brought forward 1,962,379

TOTAL FUNDS CARRIED FORWARD 2,085,262

9. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 November 2022 825,831 436,741 9,094 875 1,272,541
Additions 997,989 - - - 997,989
Revaluations (1,010,561 ) - - - (1,010,561 )
Reclassification 436,741 (436,741 ) - - -
At 31 October 2023 1,250,000 - 9,094 875 1,259,969
DEPRECIATION
At 1 November 2022 - - 6,472 427 6,899
Charge for year - - 393 90 483
At 31 October 2023 - - 6,865 517 7,382
NET BOOK VALUE
At 31 October 2023 1,250,000 - 2,229 358 1,252,587
At 31 October 2022 825,831 436,741 2,622 448 1,265,642

Cost or valuation at 31 October 2023 is represented by:

Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Valuation in 2023 (1,010,561 ) - - (1,010,561 )
Cost 2,260,561 9,094 875 2,270,530
1,250,000 9,094 875 1,259,969

ASPIRING COMMUNITIES

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


9. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 2,260,561 -

Value of land in freehold land and buildings 1,250,000 -

Freehold land and buildings were valued on an open market basis on 7 August 2024 by Tapp Chartered Surveyors .

The freehold property has been valued on 7th August 2024 as at 31st October 2023. This valuation was carried out by an independent surveyor.

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 68,361 59,731
Prepayments 9,296 -
77,657 59,731

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 135,345 46,468
Accrued expenses 1,080 1,080
136,425 47,548

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other loans (see note 13) 1,056,842 679,157


ASPIRING COMMUNITIES

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


13. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 1,056,842 679,157

14. MOVEMENT IN FUNDS
Net
At movement At
1/11/22 in funds 31/10/23
£    £    £   
Unrestricted funds
General fund 2,085,262 (701,602 ) 1,383,660

TOTAL FUNDS 2,085,262 (701,602 ) 1,383,660

Net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 659,967 (351,008 ) (1,010,561 ) (701,602 )

TOTAL FUNDS 659,967 (351,008 ) (1,010,561 ) (701,602 )


Comparatives for movement in funds

Net
At movement At
1/11/21 in funds 31/10/22
£    £    £   
Unrestricted funds
General fund 1,962,379 122,883 2,085,262

TOTAL FUNDS 1,962,379 122,883 2,085,262

ASPIRING COMMUNITIES

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


14. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 598,648 (475,765 ) 122,883

TOTAL FUNDS 598,648 (475,765 ) 122,883

A current year 12 months and prior year 12 months combined position is as follows:

Net
At movement At
1/11/21 in funds 31/10/23
£    £    £   
Unrestricted funds
General fund 1,962,379 (578,719 ) 1,383,660

TOTAL FUNDS 1,962,379 (578,719 ) 1,383,660

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 1,258,615 (826,773 ) (1,010,561 ) (578,719 )

TOTAL FUNDS 1,258,615 (826,773 ) (1,010,561 ) (578,719 )

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 October 2023.