ASPIRE RYDE
Registered charity 1163336 · accounts filings on the Charity Commission register
To develop the capacity and skills of the members of the socially and economically disadvantaged communities of the Isle of Wight in such a way that they are better able to identify, and help meet, their needs and to participate more fully in society through access to social activity, information, education and accommodation
Causes: General Charitable Purposes · The Prevention Or Relief Of Poverty · Religious Activities · Arts/culture/heritage/science · Economic/community Development/employment · Grant history (this charity is a funder) · website · Get email alerts
Financial health, per its FY2024 accounts
The accounts state that the charity made a surplus of £368,316 in the 2024 financial year, largely due to restructuring actions and additional grant income. Per the trustees' report, the charity is now in a strong position to build for the future, having restored reserves to an acceptable level after previous deficits.
Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves policy: six months of operating costs (held: £370k)
“Trustees maintain a policy of keeping six months of operating costs in reserve based on anticipated ongoing costs if certain operations cease. Our policy states that action will be taken to reduce activity if reserves drop below three months cover.” — page 16
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The charity paid £5,850 to Ryde Elim Pentecostal Church, a charity of which Rev Ben Brown a trustee, is also a trustee.
“During the year the charity paid £5,850 to Ryde Elim Pentecostal Church, a charity of which Rev Ben Brown a trustee, is also a trustee, The charity received £61 in sales in the year from Ryde Elim Pentecostal Church. During the year one trustee donated a total of £4,000 to the charity to further its charitable purposes.” — page 36
Per its FY2024 accounts as filed with the Charity Commission.
Accounts audited by Lewis Brownlee (Chichester) Ltd. Discloses 5 of 6 completeness components.
Public fundraising profile: JustGiving — Aspire Ryde (matched by registered charity number).
Property (HM Land Registry)
5 registered titles in England and Wales held by the charity’s company or corporate body (1 freehold); recorded price paid £402k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.
Structured financials (annual return, FY ending 31/12/2024)
Cost of raising funds
£19k
Reported reserves equal ~3.6 months of spending — below the median for charities its size (median 4.8 months; benchmarks).
Per its annual return, largest income source: Charitable activities (52% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 1.2% of total income — below the median for charities its size (5.2%) (benchmarks).
Register events
- Received assets from another charity (10/09/2019) — per the register’s event history; asset transfers typically record mergers or reorganisations.
- Andrew Lynch
- ROBERT WHITE · trustee of 1 other charity
- Rev Ben Brown
Trustee list from the Charity Commission register (current, not historical).
Operates in: Isle Of Wight
Income and spending
Common questions
Is ASPIRE RYDE financially healthy?
Per its FY2024 accounts: The accounts state that the charity made a surplus of £368,316 in the 2024 financial year, largely due to restructuring actions and additional grant income. Per the trustees' report, the charity is now in a strong position to build for the future, having restored reserves to an acceptable level after previous deficits. Its FY2024 accounts were audited by Lewis Brownlee (Chichester) Ltd.
Who funds ASPIRE RYDE?
Funders whose own accounts filings name ASPIRE RYDE as a grant recipient include COMMUNITY ACTION ISLE OF WIGHT, THE BLAGRAVE TRUST, THE AUSTIN AND HOPE PILKINGTON TRUST, THE WIGHT AID FOUNDATION.
Known funders
Grants to this charity found in funders’ own accounts filings.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with ASPIRE CHURCH.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.