ASPIRATION CREATION ELEVATION C.I.C.

Company limited by guarantee

Company Registration Number:
08472413 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

ASPIRATION CREATION ELEVATION C.I.C.

Contents of the Financial Statements

for the Period Ended 31 December 2024

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

ASPIRATION CREATION ELEVATION C.I.C.

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

The principal activity of the company is empowering young people through arts activities, role-model guidance and inspirational experiences.



Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Darren Lynch-Burton
Cherelle Grant
Andre Currie
Trevon Layne


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
7 January 2025

And signed on behalf of the board by:
Name: Darren Lynch-Burton
Status: Director

ASPIRATION CREATION ELEVATION C.I.C.

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 30,184 63,272
Cost of sales: ( 67,959 ) ( 107,709 )
Gross profit(or loss): (37,775) (44,437)
Administrative expenses: ( 59,637 ) ( 46,867 )
Other operating income: 100,741 89,500
Operating profit(or loss): 3,329 (1,804)
Profit(or loss) before tax: 3,329 (1,804)
Profit(or loss) for the financial year: 3,329 (1,804)

ASPIRATION CREATION ELEVATION C.I.C.

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 46,206 42,792
Total current assets: 46,206 42,792
Net current assets (liabilities): 46,206 42,792
Total assets less current liabilities: 46,206 42,792
Provision for liabilities: ( 633 )
Accruals and deferred income: ( 24,390 ) ( 24,305 )
Total net assets (liabilities): 21,183 18,487
Members' funds
Profit and loss account: 21,183 18,487
Total members' funds: 21,183 18,487

The notes form part of these financial statements

ASPIRATION CREATION ELEVATION C.I.C.

Balance sheet statements

For the year ending 31 December 2024 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 17 April 2025
and signed on behalf of the board by:

Name: Darren Lynch-Burton
Status: Director

The notes form part of these financial statements

ASPIRATION CREATION ELEVATION C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 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

ASPIRATION CREATION ELEVATION C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 8 9

ASPIRATION CREATION ELEVATION C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Financial Commitments

Stipulations: Van Neste Foundation = £10,000.00 (Restricted Grant) / £10,000.00 spent Bristol City Council = £21,605.00 (Restricted Grant) / £21,605.00 spent Awards For All = £9,914.00 (Restricted Grant) / £9,914.00 spent Youth Music = £11,245.50 (Restricted Grant) / £11,245.50 spent Arts Council = £8,973.00 (Restricted Grant) / £4,106.02 spent Thresholds = £10,000.00 (Restricted Grant) / £7,6893.37 spent BORN2BE Records = £150.00 (Restricted Grant) / £150.00 spent Paul Hamlyn Foundation = £25,850.00 (Restricted Grant) / £15,599.12 spent Donations = £2,725.25 (Unrestricted) Trading = £30,184.36 (Unrestricted) *Children In Need = £10,524.00 (Restricted Grant) / £0 spent (received in 2024 but allocated to be spent in 2025)

COMMUNITY INTEREST ANNUAL REPORT

ASPIRATION CREATION ELEVATION C.I.C.

Company Number: 08472413 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

We delivered 616 sessions and 27 inspirational experiences reaching 575 young people directly, resulting in 104 young people developing, 60 young people growing and 15 young people making a key advancement towards reaching their potential. Additionally, we engaged 1,772 members of the general public and thousands more through social media.

Consultation with stakeholders

A crucial element of our work involves collaborating with participants to strategically reflect on our provisions, and contribute towards improving the way we work. We have embedded feedback requests from children and young people, staff, partners, and parents, and take the time to reflect on their ideas, thoughts, and opinions with them. All feedback was taken on-board, and those suggestions regarding ways we can improve are brought to senior staff to discuss at our regular meetings. Once discussed, actions were identified and, if necessary, implementation of improvements commenced, while keeping the stakeholders informed and involved.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
17 April 2025

And signed on behalf of the board by:
Name: Darren Lynch-Burton
Status: Director