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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 2024

FOR

ASPIRING COMMUNITIES

ASPIRING COMMUNITIES






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




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 2024


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 2024. 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 2024

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 2024

FUTURE PLANS
Works that were currently ongoing in the previous year, have now been completed. The former Icepak site now called Faizan Of Madina(FOM), is proposed to be fully operational by the beginning of 2025, as we had previously envisaged.

The additional building, the ex Passmore Commercial Unit, will remain dormant until future plans are established to maximize the return and revenues for the charity. However, we will now be able to focus on this more because our main site is now complete and operational.

The charity also purchased 2 investment properties, which will be utilized to generate rental income to assist in the running costs of our facilities and community programmes.

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 2024


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 18 July 2025 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 2024.

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

18 July 2025

ASPIRING COMMUNITIES

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 OCTOBER 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 702,644 657,421

Investment income 3 7,170 2,546
Total 709,814 659,967

EXPENDITURE ON
Charitable activities 4
Support costs 67,434 59,711
Provision of Services 289,758 291,297
Total 357,192 351,008

NET INCOME 352,622 308,959
Other recognised gains/(losses)
Gains/(losses) on revaluation of fixed assets - (1,010,561 )
Net movement in funds 352,622 (701,602 )

RECONCILIATION OF FUNDS
Total funds brought forward 1,383,660 2,085,262

TOTAL FUNDS CARRIED FORWARD 1,736,282 1,383,660

ASPIRING COMMUNITIES (REGISTERED NUMBER: 07401481)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 10 2,192,632 1,252,587

CURRENT ASSETS
Debtors 11 52,396 77,657
Cash at bank and in hand 349,523 1,246,683
401,919 1,324,340

CREDITORS
Amounts falling due within one year 12 (3,634 ) (136,425 )

NET CURRENT ASSETS 398,285 1,187,915

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,590,917

2,440,502

CREDITORS
Amounts falling due after more than one year 13 (854,635 ) (1,056,842 )

NET ASSETS 1,736,282 1,383,660
FUNDS 15
Unrestricted funds 1,736,282 1,383,660
TOTAL FUNDS 1,736,282 1,383,660

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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 2024

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 18 July 2025 and were signed on its behalf by:





N M Hanif - Trustee

ASPIRING COMMUNITIES

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 OCTOBER 2024

2024 2023
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 238,328 377,847
Net cash provided by operating activities 238,328 377,847

Cash flows from investing activities
Purchase of tangible fixed assets (940,451 ) (997,989 )
Interest received 7,170 2,546
Net cash used in investing activities (933,281 ) (995,443 )

Cash flows from financing activities
New loans in year - 400,185
Loan repayments in year (48,805 ) (20,000 )
Loan converted into donations (153,402 ) (2,500 )
Net cash (used in)/provided by financing activities (202,207 ) 377,685

Change in cash and cash equivalents in
the reporting period

(897,160

)

(239,911

)
Cash and cash equivalents at the
beginning of the reporting period

1,246,683

1,486,594
Cash and cash equivalents at the end of
the reporting period

349,523

1,246,683

ASPIRING COMMUNITIES

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 OCTOBER 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024 2023
£    £   
Net income for the reporting period (as per the Statement of Financial
Activities)

352,622

308,959
Adjustments for:
Depreciation charges 406 483
Interest received (7,170 ) (2,546 )
Decrease/(increase) in debtors 25,261 (17,926 )
(Decrease)/increase in creditors (132,791 ) 88,877
Net cash provided by operations 238,328 377,847


2. ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

At 1/11/23 Cash flow At 31/10/24
£    £    £   
Net cash
Cash at bank and in hand 1,246,683 (897,160 ) 349,523
1,246,683 (897,160 ) 349,523

Debt
Debts falling due after 1 year (1,056,842 ) 202,207 (854,635 )
(1,056,842 ) 202,207 (854,635 )
Total 189,841 (694,953 ) (505,112 )

ASPIRING COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

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.

2. DONATIONS AND LEGACIES
2024 2023
£    £   
Donations 635,326 575,993
Gift aid 67,318 81,428
702,644 657,421


ASPIRING COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

3. INVESTMENT INCOME
2024 2023
£    £   
Interest Received 7,170 2,546

4. CHARITABLE ACTIVITIES COSTS
Support
costs (see
note 5)
£   
Support costs 67,434
Provision of Services 289,758
357,192

5. SUPPORT COSTS
Governance
Management Finance costs Totals
£    £    £    £   
Support costs 63,094 1,520 2,820 67,434
Provision of Services 289,758 - - 289,758
352,852 1,520 2,820 357,192

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

Management
2024 2023
Provision
Support of Total Total
costs Services activities activities
£    £    £    £   
Wages 11,939 - 11,939 -
Iftaar Campaign - 243,775 243,775 102,644
Event Expenses - 45,983 45,983 188,653
Motor & Travel expenses 5,727 - 5,727 8,535
Telephone 585 - 585 488
Sundries 823 - 823 185
Insurance 19,593 - 19,593 12,168
Post and Stationery 391 - 391 7
Repairs and Renewals 16,097 - 16,097 16,234
Heat and Light 4,914 - 4,914 5,628
Rates and water 2,619 - 2,619 14
Depreciation of tangible and heritage assets 406 - 406 483
63,094 289,758 352,852 335,039


ASPIRING COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. NET INCOME/(EXPENDITURE)

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

2024 2023
£    £   
Depreciation - owned assets 406 483

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 October 2024 nor for the year ended 31 October 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 October 2024 nor for the year ended 31 October 2023.


8. STAFF COSTS
2024 2023
£    £   
Wages and salaries 11,939 -
11,939 -

The average monthly number of employees during the year was as follows:

2024 2023
Number of employees 1 -

No employees received emoluments in excess of £60,000.

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 657,421

Investment income 2,546
Total 659,967

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

NET INCOME 308,959
Other recognised gains/(losses)

ASPIRING COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£   
Gains/(losses) on revaluation of fixed assets (1,010,561 )
Net movement in funds (701,602 )

RECONCILIATION OF FUNDS
Total funds brought forward 2,085,262

TOTAL FUNDS CARRIED FORWARD 1,383,660

10. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 November 2023 1,250,000 - 9,094 875 1,259,969
Additions 127,488 812,963 - - 940,451
At 31 October 2024 1,377,488 812,963 9,094 875 2,200,420
DEPRECIATION
At 1 November 2023 - - 6,865 517 7,382
Charge for year - - 335 71 406
At 31 October 2024 - - 7,200 588 7,788
NET BOOK VALUE
At 31 October 2024 1,377,488 812,963 1,894 287 2,192,632
At 31 October 2023 1,250,000 - 2,229 358 1,252,587

Cost or valuation at 31 October 2024 is represented by:

Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
Valuation in 2023 (1,010,561 ) - - - (1,010,561 )
Cost 2,388,049 812,963 9,094 875 3,210,981
1,377,488 812,963 9,094 875 2,200,420

ASPIRING COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

10. TANGIBLE FIXED ASSETS - continued

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

2024 2023
£    £   
Cost 2,260,561 2,260,561

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

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 52,396 68,361
Prepayments - 9,296
52,396 77,657

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 135,345
Social security and other taxes 289 -
Other creditors 1,905 -
Accrued expenses 1,440 1,080
3,634 136,425

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other loans (see note 14) 854,635 1,056,842


ASPIRING COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

14. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 854,635 1,056,842

15. MOVEMENT IN FUNDS
Net
At movement At
1/11/23 in funds 31/10/24
£    £    £   
Unrestricted funds
General fund 1,383,660 352,622 1,736,282

TOTAL FUNDS 1,383,660 352,622 1,736,282

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 709,814 (357,192 ) 352,622

TOTAL FUNDS 709,814 (357,192 ) 352,622


Comparatives for 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

Comparative 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 )

ASPIRING COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

15. MOVEMENT IN FUNDS - continued

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

Net
At movement At
1/11/22 in funds 31/10/24
£    £    £   
Unrestricted funds
General fund 2,085,262 (348,980 ) 1,736,282

TOTAL FUNDS 2,085,262 (348,980 ) 1,736,282

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 1,369,781 (708,200 ) (1,010,561 ) (348,980 )

TOTAL FUNDS 1,369,781 (708,200 ) (1,010,561 ) (348,980 )

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 October 2024.