REGISTERED COMPANY NUMBER: 07401481 (England and Wales)

REGISTERED CHARITY NUMBER: 1141103

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2025

FOR

ASPIRING COMMUNITIES

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

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 31st October 2025. 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.

ACHIEVEMENTS 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.

FUTURE PLANS

The additional property, formerly the Passmore Commercial Unit, is currently not in active use. The trustee's are evaluating options for the asset, including potential disposal or redevelopment, with the aim of maximising long term value for the charity. Should redevelopment be pursued, the property is expected to be leased to generate income.

The trustees are also considering further property acquisitions, where appropriate to strengthen the charity's financial stability.

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

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 28th July 2026 and signed on its behalf by:

N M Hanif - Trustee

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 31st October 2025.

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

28th July 2026

2025

2024

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

720,720

702,644

Investment income

3

2,899

7,170

Other income

971

-

Total

724,590

709,814

EXPENDITURE ON

Charitable activities

4

Support costs

276,182

67,434

Provision of Services

-

289,758

Total

276,182

357,192

NET INCOME

448,408

352,622

RECONCILIATION OF FUNDS

Total funds brought forward

1,736,282

1,383,660

TOTAL FUNDS CARRIED FORWARD

2,184,690

1,736,282

2025

2024

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Tangible assets

10

2,358,480

2,192,632

CURRENT ASSETS

Debtors

11

47,619

52,396

Cash at bank and in hand

402,575

349,523

450,194

401,919

CREDITORS

Amounts falling due within one year

12

(1,814

)

(3,634

)

NET CURRENT ASSETS

448,380

398,285

TOTAL ASSETS LESS CURRENT LIABILITIES

2,806,860

2,590,917

CREDITORS

Amounts falling due after more than one year

13

(622,170

)

(854,635

)

NET ASSETS

2,184,690

1,736,282

FUNDS

15

Unrestricted funds

2,184,690

1,736,282

TOTAL FUNDS

2,184,690

1,736,282

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2025 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.

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 28th July 2026 and were signed on its behalf by:

N M Hanif - Trustee

Cash flows from operating activities

Cash generated from operations

1

448,822

238,328

Net cash provided by operating activities

448,822

238,328

Cash flows from investing activities

Purchase of tangible fixed assets

(166,204

)

(940,451

)

Interest received

2,899

7,170

Net cash used in investing activities

(163,305

)

(933,281

)

Cash flows from financing activities

Loan repayments in year

(79,840

)

(48,805

)

Loan converted into donations

(152,625

)

(153,402

)

Net cash used in financing activities

(232,465

)

(202,207

)

Change in cash and cash equivalents in the reporting period

53,052

(897,160

)

Cash and cash equivalents at the beginning of the reporting period

349,523

1,246,683

Cash and cash equivalents at the end of the reporting period

402,575

349,523

1.	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2025

2024

£

£

Net income for the reporting period (as per the Statement of Financial Activities)

448,408

352,622

Adjustments for:

Depreciation charges

356

406

Interest received

(2,899

)

(7,170

)

Decrease in debtors

4,777

25,261

Decrease in creditors

(1,820

)

(132,791

)

Net cash provided by operations

448,822

238,328

2.	ANALYSIS OF CHANGES IN NET DEBT

At 1/11/24

Cash flow

At 31/10/25

£

£

£

Net cash

Cash at bank and in hand

349,523

53,052

402,575

349,523

53,052

402,575

Debt

Debts falling due after 1 year

(854,635

)

232,465

(622,170

)

(854,635

)

232,465

(622,170

)

Total

(505,112

)

285,517

(219,595

)

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

2025

2024

£

£

Donations

659,271

635,326

Gift aid

61,449

67,318

720,720

702,644

3.	INVESTMENT INCOME

2025

2024

£

£

Interest Received

2,899

7,170

4.	CHARITABLE ACTIVITIES COSTS

Support

costs (see

note 5)

£

Support costs

276,182

5.	SUPPORT COSTS

Governance

Management

Finance

costs

Totals

£

£

£

£

Support costs

269,822

2,406

3,954

276,182

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

Management

2025

2024

Support

Total

costs

activities

£

£

Wages

30,495

11,939

Iftaar Campaign

150,000

243,775

Event Expenses

36,672

45,983

Motor & Travel expenses

1,981

5,727

Telephone

713

585

Sundries

-

823

Insurance

13,639

19,593

Post and Stationery

338

391

Repairs and Renewals

22,231

16,097

Heat and Light

11,552

4,914

Rates and water

1,845

2,619

Depreciation of tangible and heritage assets

356

406

269,822

352,852

6.	NET INCOME/(EXPENDITURE)

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

2025

2024

£

£

Depreciation - owned assets

356

406

7.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st October 2025 nor for the year ended 31st October 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st October 2025 nor for the year ended 31st October 2024.

8.	STAFF COSTS

2025

2024

£

£

Wages and salaries

30,495

11,939

30,495

11,939

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

2025

2024

Number of employees

1

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

702,644

Investment income

7,170

Total

709,814

EXPENDITURE ON

Charitable activities

Support costs

67,434

Provision of Services

289,758

Total

357,192

NET INCOME

352,622

RECONCILIATION OF FUNDS

Total funds brought forward

1,383,660

TOTAL FUNDS CARRIED FORWARD

1,736,282

10.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

Computer

property

property

fittings

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1st November 2024

1,377,488

812,963

9,094

875

2,200,420

Additions

-

166,204

-

-

166,204

At 31st October 2025

1,377,488

979,167

9,094

875

2,366,624

DEPRECIATION

At 1st November 2024

-

-

7,200

588

7,788

Charge for year

-

-

284

72

356

At 31st October 2025

-

-

7,484

660

8,144

NET BOOK VALUE

At 31st October 2025

1,377,488

979,167

1,610

215

2,358,480

At 31st October 2024

1,377,488

812,963

1,894

287

2,192,632

Cost or valuation at 31st October 2025 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

979,167

9,094

875

3,377,185

1,377,488

979,167

9,094

875

2,366,624

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

2025

2024

£

£

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 7th 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

2025

2024

£

£

Other debtors

47,619

52,396

12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

(1

)

-

Social security and other taxes

360

289

Other creditors

15

1,905

Accrued expenses

1,440

1,440

1,814

3,634

13.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans (see note 14)

622,170

854,635

14.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due between two and five years:

Other loans - 2-5 years

622,170

854,635

15.	MOVEMENT IN FUNDS

Net

At

movement

At

1/11/24

in funds

31/10/25

£

£

£

Unrestricted funds

General fund

1,736,282

448,408

2,184,690

TOTAL FUNDS

1,736,282

448,408

2,184,690

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

724,590

(276,182

)

448,408

TOTAL FUNDS

724,590

(276,182

)

448,408

Comparatives for 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

Comparative 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