ASPIRE OXFORDSHIRE COMMUNITY ENTERPRISE LIMITED
Financial health, per its FY2025 accounts
The accounts state that the charity ended the year with an unrestricted fund of £570,325, which is marginally below the mid-point of its reserves policy target range of £397,000 to £795,000. Per the trustees' report, the charity faces risks related to short-term funding cycles and uncertainty over public service funding, but maintains sufficient resources to continue as a going concern for at least twelve months.
What the accounts disclose
“the charity’s unrestricted general fund (excluding the unrestricted fixed asset reserve, see note 19b) of £558,500 was marginally below the mid-point of the range, but with the knowledge of needing to call on these reserves in the coming financial year.”
“Donations amounting to £1,511 (2024: £1,373) were received from four trustees (2024: four) and grants totalling £16,000 (2024: £15,000) were received from a company or trust where a trustee holds a director or trustee role. These donations were received in the normal course of business.” — page 45
“The consolidated financial statements incorporate the financial statements of Aspire Oxfordshire Community Enterprise Limited (“Aspire”, the charity) and Aspire Enterprise Services Limited (“AESL”), the charity’s wholly-owned subsidiary” — page 26
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- William Hubert Powlett Smithchair
- CHARLES RICHARD DICK
- Catherine Rowe
- Christopher Roy Blackburn
- Hugh Richardson
- Laura Margaret Brown
- Rachel Sharon McLean Clark
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.8m | £2.7m |
| 31/03/2024 | £2.8m | £2.7m |
| 31/03/2023 | £2.7m | £2.8m |
| 31/03/2022 | £2.9m | £2.8m |
| 31/03/2021 | £2.5m | £2.0m |
Common questions
Is ASPIRE OXFORDSHIRE COMMUNITY ENTERPRISE LIMITED financially healthy?
The accounts state that the charity ended the year with an unrestricted fund of £570,325, which is marginally below the mid-point of its reserves policy target range of £397,000 to £795,000. Per the trustees' report, the charity faces risks related to short-term funding cycles and uncertainty over public service funding, but maintains sufficient resources to continue as a going concern for at least twelve months. Its FY2025 accounts were audited by Gravita Audit Oxford LLP.