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ASPIRE2

Registered charity 1200410 · accounts filings on the Charity Commission register

To act as a resource for children and young people living in socially and economically disadvantaged communities in the Reading area, by organising programmes of physical, educational and other activities as a means of:advancing in life and helping young people by developing their skills, capacities and capabilities, advancing education, and providing recreational and leisure time activities

Causes: Education/training · Disability · The Prevention Or Relief Of Poverty · Economic/community Development/employment · website · Get email alerts

Latest income
£70k
Latest spending
£53k
Registered
2022
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that Aspire2 finished the year with closing reserves of £79,116, having generated a surplus of £17,433. The trustees note that funding is mostly restricted and they do not hold large reserves, with investments liquidated to meet minibus leasing obligations. The independent examiner reported no matters requiring attention other than those disclosed.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Related-party transaction: Wellington College funds the manager's employment and governance costs.
“Wellington College - a significant partner who are funding the employment our manager and governance costs and have funded our Mini Beats Nursery Early Years music project.”
“Earley Charity – a long-standing significant partner who have been grant funds to aid many of our events including the Carnival.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Earley Charity provides grants for events including the Carnival.
“Wellington College - a significant partner who are funding the employment our manager and governance costs and have funded our Mini Beats Nursery Early Years music project.”
“Earley Charity – a long-standing significant partner who have been grant funds to aid many of our events including the Carnival.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: John Sykes Foundation provided initial funding for minibuses and continues support.
“Wellington College - a significant partner who are funding the employment our manager and governance costs and have funded our Mini Beats Nursery Early Years music project.”
“Earley Charity – a long-standing significant partner who have been grant funds to aid many of our events including the Carnival.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 3 of 6 completeness components.

Register events

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Reading

Income and spending

Financial year endIncomeSpending
28/02/2025£70k£53k
28/02/2024£93k£115k

Common questions

Is ASPIRE2 financially healthy?

Per its FY2025 accounts: The accounts state that Aspire2 finished the year with closing reserves of £79,116, having generated a surplus of £17,433. The trustees note that funding is mostly restricted and they do not hold large reserves, with investments liquidated to meet minibus leasing obligations. The independent examiner reported no matters requiring attention other than those disclosed. Its FY2025 accounts were independently examined.