REGISTERED COMPANY NUMBER: 07381445 (England and Wales)

REGISTERED CHARITY NUMBER: 1143507

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE

YEAR ENDED 30TH SEPTEMBER 2018

FOR

ASPIRED FUTURES LTD

ASPIRED FUTURES LTD

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 30TH SEPTEMBER 2018

Page

Report of the Trustees

1 to 5

Independent Examiner's Report

6

Statement of Financial Activities

7

Balance Sheet

8 to 9

Notes to the Financial Statements

10 to 15

ASPIRED FUTURES LTD

REPORT OF THE TRUSTEES

for the Year Ended 30TH SEPTEMBER 2018

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 30th September 2018. 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 2015).

OBJECTIVES AND ACTIVITIES

Objectives and aims

1 - To advance in life and relieve the needs of vulnerable children and young people from hard to reach families

through:-

a) The provision of recreational, educational and leisure time activities provided in the interest of social welfare,

designed to improve their conditions of life,

b) Providing support and activities which develop their skills, capabilities, capacities to enable them to participate in

society as mature and responsible individuals

2 - The preservation and protection of good health, respite, advice, parenting skills and educational activities

Public benefit

The trustees consider that they have complied with the duty in Section 17(5) of the 2011 Charities Act in having due

regard to the guidance published by the Charity Commission.

Aspired Futures supports children and young people from the Blackpool, Fylde and Wyre area of Lancashire which

includes some areas with the highest level of deprivation. Our aim is to strengthen the resilience and positive life skills

of children who suffer poor mental health, behavioural issues and marginalisation and enable them to make better

long-term choices and empower them to become positive contributors to their neighbourhoods and society in the future.

Money we raise through grant applications, donations and sponsorship enables us to commit to long-term support for

children. Children are referred to our services by other professionals and we form part of mutli-agency involvement and

support packages. Our service is fully child focused and ensures the voice of the child is heard and listened to. We

commit to support until each individual is confident and able to be independent; this means that we frequently support

children through childhood and adolescence, taking a parental role, and being there through their various challenges and

triumphs and their transitions within the education system and, in many cases, in and out of looked after care.

In less than 10% of cases families are able to contribute approximately one third of the actual cost of Aspired Futures

long-term support for their child. Other agencies who refer to our services are able to fund initial or induction services,

this applies to less than 10% of children, in all of these cases the funding is limited to a period of weeks, or months at the

very best, although our support is continued over several years.

It is only through grant funding, donations and minor sponsorship that we are able to continue to support the majority of

children who are most vulnerable and at risk.

Volunteers

Our commitment to support vulnerable children and young people for as long as they need us and until they are

confident and able to be independent is achievable only with the dedicated support of our intergenerational support

team. They bring life-skills and interests to inspire and encourage the children and young people to make changes to

their own aspirations and expectations for the future. We value interest from all potential volunteers, we have a robust

recruitment process for volunteers to ensure only those who understand and support our work become part of our team;

where appropriate we signpost to other charities. Our volunteers are trained in-house by our professional team, all are

required to undertake relevant external safeguarding, health and safety, food and hygiene and other training relevant to

their contribution as an Aspired Futures volunteers. Volunteer training events and knowledge sharing are held at least

twice each year. Informal information sharing sessions are hosted by the volunteer manager monthly during which

current themes and topics can be discussed and volunteers have the opportunity to put forward their own ideas.

Aspired Futures are grateful to our volunteers for their dedicated support and for their honest contributions to surveys or

other feedback which helps us to change and shape the services we provide.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Trustees and managers meet regularly to ensure the services provided are solution focused. Skilled and experienced staff

members plan and deliver support tailored to meet the changing needs presented by complex children and young people

who are unable to access mainstream out-of-school provision. The dedicated team upgrade and update knowledge by

attending appropriate training courses particularly those related to Safeguarding, Prevent, Health & Safety plus those

related to bolstering resilience/confidence for children and young people whose poor mental and emotional well-being

presents a barrier to achievement and aspiration. During this reporting period 80 children and young people were

beneficiaries of our specialised support.

Children and young people play a large part in the shaping and development of services. Their feedback, both formal

and informal, is central to the planning activities. In this reporting period we have been able to respond to their ideas for

increased physical activity and a greater understanding of healthy eating. We continue to base all activities on

traditional games, crafts and leisure activities. Many of our children and young people are at risk of becoming too

dependent on technology for all forms of leisure, we strive to encourage and support them to enjoy more social,

interactive and stimulating activities.

Trustees and staff have further reflected on the external evaluation undertaken by Dr Crook in the previous reporting

period to ensure we build on our strengths.

In March 2017 an Ofsted inspection concluded our provision to be Outstanding across all areas. Managers and trustees

are pleased to receive external confirmation evidencing Aspired Futures provision to be of the highest standard. The

Ofsted inspector noted the valuable contribution made by volunteers working in close harmony with staff members to

ensure the needs of the children are understood and flexible/innovative ways of working respond well to meet those

needs.

We continue to share good practice and have again worked jointly with the Brathay Trust. Senior managers participated

in meetings and strategic reviews with both NHS and Local Authority Social Care staff aiming to improve provision of

mental health services to children and young people. This was another opportunity to strengthen Aspired Futures

credibility as a partner to statutory services.

Our staff link with other charitable organisations and businesses through local networking and are pleased to be involved

in the Business in the Community Pride of Place ambitious aims for the future of the town.

Children and young people are provided with support to improve their enjoyment and engagement with education

through our Happy2Learn, Learning to Love Learning and 1-2-1 revision support throughout this reporting period.

We were successful with our application for a second three-year Big Lottery Reaching Communities grant which

commenced on 01 July 2017. This grant will enable us to continue to deliver on our promise to our supported children

and young people, that we will provide the support and mentoring they need until they are confident and able to be

independent.

We have also been successful in our application to the Eric Wright Trust, an organisation founded in the local area.

They have boosted our income this year by £10,000 with an unrestricted grant for general purposes. We are grateful to

the trustees for the belief in Aspired Futures.

We continue to have the support of a small group of sponsors who donate monthly amounts in addition to the one-off

donations we receive. In this financial year we have received unprecedented donations from local

organisations/businesses. Their support gives us tremendous encouragement.

During this reporting period the senior management team have completed the scope and elementary design of an Aspired

Futures Qualification (AFQ) model. The aim of this programme is to provide unambiguous evidence of achievement by

the children and young people who are developing their own life-skills. It is important that children and young people

write their own personal goals and identify achievement which will be celebrated and rewarded. The implementation of

the AFQ programme will commence in a trial phase in the coming months.

Our quality services are based in a building owned by the Kensington Foundation. They provide our beautiful

home-from-home centre free of rent and we are extremely grateful for their support.

Volunteers

Our commitment to support vulnerable children and young people for as long as they need us and until they are

confident and able to be independent is achievable only with the dedicated support of our intergenerational support

team. They bring life-skills and interests to inspire and encourage the children and young people to make changes to

their own aspirations and expectations for the future. We value interest from all potential volunteers, we have a robust

recruitment process for volunteers to ensure only those who understand and support our work become part of our team;

where appropriate we signpost to other charities. Our volunteers are trained in-house by our professional team, all are

required to undertake relevant external safeguarding, health and safety, food and hygiene and other training relevant to

their contribution as an Aspired Futures volunteers. Volunteer training events and knowledge sharing are held at least

twice each year. Informal information sharing sessions are hosted by the volunteer manager monthly during which

current themes and topics can be discussed and volunteers have the opportunity to put forward their own ideas.

Aspired Futures are grateful to our volunteers for their dedicated support and for their honest contributions to surveys or

other feedback which helps us to change and shape the services we provide.

FINANCIAL REVIEW

Financial position

Net income in the year was £427,013, (2017:£12,269), unrestricted funds carried forward were £75,160,

(2017:£50,825), and restricted funds £577,936, (2017:£175,258).

Investment policy and objectives

The Trust has the power to invest in such assets as are thought fit.

Reserves policy

The funding provided to Aspired Futures does not normally allow for a contingency reserve to be maintained.

Investment income is optimised by maintaining funds not required to meet immediate the cash flow in accounts

providing the best rates of interest.

It is our policy to:-

• contain expenditure within the funding provided, and

• ensure that all funding is expended only for the purpose it was granted, and

• try to maintain a balance of at least three months' usual running costs.

FUTURE PLANS

We constantly research funding streams, grant funders and trusts and receive alerts from CVS and other organisations to

ensure we miss no opportunity to apply for funding to sustain and grow our services to support children and young

people.

We will seek to increase our network with other agencies, service providers, local authority, college and university

representatives and local business to raise awareness and to ensure we both learn from and share knowledge with others.

Our Patron, Bill Beaumont, CBE, DL held a Business Breakfast at Aspired Futures to share his own belief in the value

of our services and to encourage others to be proactive and generous with their support.

We are listening to what our children and young people tell us about their needs, their hopes and fears and the ideas they

have for activities and events for themselves and their peers. Our skilled team will plan and resource varied innovative

group interactive activities to engage children and young people and help them to improve their personal behaviour

management/coping mechanisms in a safe environment. We will continue to ensure that each child who attends Aspired

Futures has the opportunity to 'be themselves' and have fun.

Our priorities for the coming year maintain and grow our fundamental principles, they are

• Develop our in-house qualification through a trial phase, learn and reflect on feedback from children and young people

before progressing and developing the programme further

• Continue to deliver and grow our learning programmes

• Increase our portfolio of sport-type and physical activity opportunities

• Encourage supported children and young people to eat well and understand the importance of nutrition and exercise

• Encourage and enable supported children and young people to improve their self-esteem and confidence. To own their

personal identity.

• Provide support, mentoring and opportunities for our young people to become work ready.

• Continue to review and develop our fund-raising strategies, thinking beyond the current grants from the Big Lottery

and others, to ensure our services can be sustained.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by

guarantee, as defined by the Companies Act 2006.

Memorandum and articles incorporated 20/09/2010 as amended by special resolution dated 06/07/2011 as registered at

Companies House on 12/08/2011as amended by special resolution dated 26/11/2015 as registered at Companies House

on 03/12/2015.

Organisational structure

Trustees meet formally at least four times per year as a group. Throughout the year individual trustees request and/or

attend senior management or team meetings to ensure the strategic vision is achievable and implemented. During this

reporting period the trustees meet to review fund raising opportunities, communication methods, including website

upgrades and safe social media usage. Where appropriate trustees seek additional input from advisors, particularly

relating to finance, information technology and security.

Trustees delegate day-to-day operational running of the charity to the senior management team who work with

colleagues to deliver safe practice of innovative social care and therapeutic services. Robust policies and procedures are

in place. A delegation of trustees undertake quality assurance reviews. Trustees review their Risk Management

document and ensure appropriate mitigation is in place.

Decision making

A formal review of strategic planning was undertaken during this financial year and trustees finalised the Business Plan

which underpins the vision for the future and provides useful support to funding applications.

Induction and training of new trustees

Trustees have undertaken a renewed skills audit during this period. Trustees participate in whole team and/or volunteer

specific training events with the Aspired Futures staff. Other individual training needs are discussed as appropriate as

part of regular trustee meetings.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07381445 (England and Wales)

Registered Charity number

1143507

Registered office

The Kensington Foundation Resource

Centre

The Lodge 216 Whitegate Drive

Blackpool

Lancashire

FY3 9JL

Trustees

SR Armitstead

LA Moffat

M Walsh

J Child

A Clowes

G Holliday

C M Conquer

Independent examiner

G.R. Maddock F.C.A. DChA

ICAEW

Whitehead & Howarth

327 Clifton Drive South

Lytham St Annes

Lancashire

FY8 1HN

Bankers

Yorkshire Bank PLC

2 - 4 Abingdon Street

Blackpool

Lancashire

FY1 2DR

Approved by order of the board of trustees on 28th November 2018 and signed on its behalf by:

M Walsh - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

ASPIRED FUTURES LTD

Independent examiner's report to the trustees of Aspired Futures Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th September 2018.

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 registered member of ICAEW 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

G.R. Maddock F.C.A. DChA

ICAEW

Whitehead & Howarth

327 Clifton Drive South

Lytham St Annes

Lancashire

FY8 1HN

3rd December 2018

ASPIRED FUTURES LTD

STATEMENT OF FINANCIAL ACTIVITIES

for the Year Ended 30TH SEPTEMBER 2018

30/9/18

30/9/17

Unrestricted fund

Restricted fund

Total funds

Total funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

27,116

5,998

33,114

90,780

Charitable activities

Core activities

-

589,142

589,142

168,273

Other trading activities

2

59,064

-

59,064

22,273

Investment income

3

1,441

-

1,441

741

Total

87,621

595,140

682,761

282,067

EXPENDITURE ON

Raising funds

12,463

31,868

44,331

33,139

Charitable activities

Core activities

50,823

160,594

211,417

236,659

Total

63,286

192,462

255,748

269,798

NET INCOME

24,335

402,678

427,013

12,269

RECONCILIATION OF FUNDS

Total funds brought forward

50,825

175,258

226,083

213,814

TOTAL FUNDS CARRIED FORWARD

75,160

577,936

653,096

226,083

ASPIRED FUTURES LTD

BALANCE SHEET

AT 30TH SEPTEMBER 2018

30/9/18

30/9/17

Unrestricted fund

Restricted fund

Total funds

Total funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

8

-

7,717

7,717

22,171

CURRENT ASSETS

Debtors

9

3,648

411,240

414,888

-

Cash at bank and in hand

78,303

158,979

237,282

212,081

81,951

570,219

652,170

212,081

CREDITORS

Amounts falling due within one year

10

(6,791

)

-

(6,791

)

(8,169

)

NET CURRENT ASSETS

75,160

570,219

645,379

203,912

TOTAL ASSETS LESS CURRENT LIABILITIES

75,160

577,936

653,096

226,083

NET ASSETS

75,160

577,936

653,096

226,083

FUNDS

11

Unrestricted funds

75,160

50,825

Restricted funds

577,936

175,258

TOTAL FUNDS

653,096

226,083

The charitable company is entitled to exemption from audit under

Section 477 of the Companies Act 2006 for the year ended 30th September 2018.

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

30th September 2018 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 special provisions of Part 15 of the Companies

Act 2006 relating to charitable small companies.

The financial statements were approved by the Board of Trustees on 28th November 2018 and were signed on its behalf by:

M Walsh -Trustee

ASPIRED FUTURES LTD

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 30TH SEPTEMBER 2018

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 2015)',

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.

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

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

life.

Long leasehold

- Straight line over 3 years

Fixtures and fittings

- Straight line over 3 years

Tangible fixed assets are stated at cost on items over £500.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis

over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable

company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.	OTHER TRADING ACTIVITIES

30/9/18

30/9/17

£

£

Fundraising events

34,537

1,610

Sponsorships

3,795

3,755

Other income

-

2,000

Sessional receipts

20,732

14,908

59,064

22,273

3.	INVESTMENT INCOME

30/9/18

30/9/17

£

£

Deposit account interest

1,441

741

4.	NET INCOME/(EXPENDITURE)

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

30/9/18

30/9/17

£

£

Independent examiners fee

3,637

1,980

Depreciation - owned assets

14,454

15,575

Other operating leases

12,000

12,000

5.	TRUSTEES' REMUNERATION AND BENEFITS

30/9/18

30/9/17

£

£

Trustees' salaries

1,346

18,391

Trustees' social security

-

2,323

1,346

20,714

Trustees' salaries above represents the gross remuneration of one trustee appointed as an employee and is not a

payment for a trustee carrying out trustee duties.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30th September 2018 nor for the year ended

30th September 2017.

6.	STAFF COSTS

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

30/9/18

30/9/17

Management

2

2

Charitable activities

11

9

13

11

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

Wages and salaries are stated net of Access to Work grants totalling £13,680, (2017:£12,408).

7.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted fund

Restricted fund

Total funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

24,376

66,404

90,780

Charitable activities

Core activities

-

168,273

168,273

Other trading activities

22,273

-

22,273

Investment income

741

-

741

Total

47,390

234,677

282,067

EXPENDITURE ON

Raising funds

(4,373

)

37,512

33,139

Charitable activities

Core activities

68,324

168,335

236,659

Total

63,951

205,847

269,798

NET INCOME

(16,561

)

28,830

12,269

RECONCILIATION OF FUNDS

Total funds brought forward

67,386

146,428

213,814

TOTAL FUNDS CARRIED FORWARD

50,825

175,258

226,083

8.	TANGIBLE FIXED ASSETS

Long leasehold

Fixtures and fittings

Totals

£

£

£

COST

At 1st October 2017 and 30th September 2018

28,631

48,210

76,841

DEPRECIATION

At 1st October 2017

20,833

33,837

54,670

Charge for year

5,217

9,237

14,454

At 30th September 2018

26,050

43,074

69,124

NET BOOK VALUE

At 30th September 2018

2,581

5,136

7,717

At 30th September 2017

7,798

14,373

22,171

9.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/18

30/9/17

£

£

Other debtors

411,240

-

Prepayments

3,648

-

414,888

-

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/18

30/9/17

£

£

Social security and other taxes

3,064

3,224

Other creditors

-

2,965

Accruals and deferred income

3,727

1,980

6,791

8,169

11.	MOVEMENT IN FUNDS

At 1.10.17

Net movement in funds

At 30.9.18

£

£

£

Unrestricted funds

General fund

50,825

24,335

75,160

Restricted funds

Restricted funds

175,258

402,678

577,936

TOTAL FUNDS

226,083

427,013

653,096

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

Incoming resources

Resources expended

Movement in funds

£

£

£

Unrestricted funds

General fund

87,621

(63,286

)

24,335

Restricted funds

Restricted funds

595,140

(192,462

)

402,678

TOTAL FUNDS

682,761

(255,748

)

427,013

Comparatives for movement in funds

At 1.10.16

Net movement in funds

At 30.9.17

£

£

£

Unrestricted Funds

General fund

67,386

(16,561

)

50,825

Restricted Funds

Restricted funds

146,428

28,830

175,258

TOTAL FUNDS

213,814

12,269

226,083

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

Incoming resources

Resources expended

Movement in funds

£

£

£

Unrestricted funds

General fund

47,390

(63,951

)

(16,561

)

Restricted funds

Restricted funds

234,677

(205,847

)

28,830

TOTAL FUNDS

282,067

(269,798

)

12,269

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

At 1.10.16

Net movement in funds

At 30.9.18

£

£

£

Unrestricted funds

General fund

67,386

7,774

75,160

Restricted funds

Restricted funds

146,428

431,508

577,936

TOTAL FUNDS

213,814

439,282

653,096