THE ASHA FOUNDATION
(Limited by guarantee)
TRUSTEE'S REPORT AND
CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
CHARITY NUMBER: 1058320
COMPANY NUMBER: 03246746

The Asha Foundation
Consolidated financial statements for the year ended 30 November 2024
CONTENT5
CHARITY INFORMATION
TRUSTEES, ANNUAL REPORT
STATEMENT OF TRUSTEES, RESPONSIBILITIES
INDEPENDENT AUDITOR'S REPORT
CONSOLIDATED STATEMENT OF FINANCIAL AcfiviTIES
li
CONSOLIDATED BALANCE SHEET
12
CHARITY BALANCE SHEET
13
CONSOLIDATED CASH FLOW STATEMENT
14
NOTES TO THE FINANCIAL sTATEmE￿s
15
CHARITY INCOME AND EXPENDITURE ACCOUNT
23

The Asha Foundatlon
Consolidated financlal statements for the year ended 30 November 2024
CHARITY INFORMATION
Company Registration Number
03246746 (England and Wales)
Charity Registration Number
1058320
Trustees and Directors
R D Gifford
A M Locher
AJScott
M CTraynor
Chief Executive Officer
Z Gifford
Registered Office and Princlpal Addres5
The Asha Centre
Gunn Mill House
Lower Spout Lane
Nr Mitcheldean
Gloucestershire
GL17 OEA
Auditors
Kingscott Dix Icheltenhaml Ltd
7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 OAN

The Asha Foundatlon
Consolidated financial statements for the year ended 30 November 2024
TRUSTEES, ANNUAL REPORT
(Incorporatlng the Directors, Report)
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 30 November 2024. 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 IFRS 102} (effective l January 20191.
OBJECTIVES AND A￿1VITIEs
Objectives and aims
The Asha Foundation I'Asha') is a reglstered charityi number 1058320, founded In 1996 which brings people
and communities together, whatever their background and belief, to celebrate and honour our shared
heritage. The Trust Deed is the Memorandum and Articles of Association as last revised and amended on 31
January 2002. Asha's objectives are:
Developrnent of human resources
Education and training of young people
Interfaith understanding, multi-faith activities, Art and Culture
Community development and volunteering
The beneficiaries are people of diverse ethnlc and national origin, and Asha's aim5 include the provision of
buildings, facilities and open space, as well as the provision of opportunities for trainin& interartion and
volunteering. We consider these objectives and the activities, both by definition and in practice to be of benefit
to the public as demonstrated by the supportfrom national and international authorities with whom Asha has
engaged.
Public benefit
In setting objectives and planning activities theTrustees have had regard tothe guidan￿ i55ued by the Charity
Commission on public benefit in the running of the charity.
STRATEGIC REPORT
Achievement and perfonnance
The challenges of adapting to change have continued following Brexit and the pandemic, followed by the
inflationary pressures affecting all SME'S such as our charity. Our strategy of diversifying our user base while
slimming down running costs and developing partnering links has continued during the year.
The Asha Centre has been well supported by holi5ticand wellness groups, while hosting parties of marginalized
and diversity groups some of whom have also contributed as volunteers to the organic horticulture long-
practised in the grounds of the Asha Centre. It has become a focus for annual conferences from domestic and
overseas associations such as the Biodynamic association and the North American Zoroastrian Association,
and hosting parties from Oxford University and the Interfaith steering group. A feature of the year has been
the hosting and development of links with Plum Village with whom plans are in contemplation for closer ties
and possible sharing of facllities.

The Asha Foundation
Consolidated financial statements for the year ended 30 November 2024
Asha's Open Days have hosted local Gardening groups and the public from the Forest of Dean.
Financial review
The group has generated a deficit of £67k for the year.
The charitls Income included £67k of grants received, a decrease from the previous year of £300k. The
previous year included £166k of one-off grants to part-fund the new Forest Arts and Wellness Centre. Grant
Income continues to decrease, a consequence of Brexit and reduced access to the EU grants available.
During the year the charity has Incurred costs of £355k on its charitable activities, a decrease on the prevlous
year of £161k.
Unrestricted ￿ndS of £3.39m and restricted funds of £166k are carrled forward, of which £76k are held as
cash.
Investment policy and objectives
Underthe Memorandum and Articles of Association, the Charity has the powerto make any investmentwhich
the Trustees See fit. Trustees endeavour to hold sufflcient liquid funds to pay for ongoing activities; any surplus
being held for income generation.
Reserves policy
The charity maintains sufficient balances in its current accountto meet its immediate expenses. Goingforward
the Trustees intend to operate the charity on a no surpluslno deficit basi5.
Post year-end events
During 2025, the group has sold its freehold property at Church Farm, Gloucestershire.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, its memorandum and article5 of association in lieu of a
deed of trust, and is constituted as a limited companyi Ilmited by guarantee, as defined by the Companies Att
2006.
Recruitment and appointment of new trustees
A new Trustee may be appointed by an Ordinary Resolution to act as a Trustee of the Charity. As set out in the
Articles of Association, one third of the Trustees are subjett to retirement annually by rotation, depending on
the longest in office since their appointment or reappointment at the Annual General Meeting,
Organisational structure
Asha is governed by theTrustees, who meet as often as necessary. Day to day operations are delegated to the
Chief Executive, Zerbanoo Gifford, who liaises directly and frequently with one or more of the trustees.

The Asha Foundation
Consolldated financlal statements for the year ended 30 November 2024
Rlsk management
The Trustees have a to Identify and revlew the tlsks to which the charity Is exposed and to ensure
approprlate controls are in place to provide reasonable assurante against fraud and error. All slgnifi¢ant
activities are subject to rlsk review as part of the Initial project as5e55ment and implementatlon. The Trustees
review the major risk5 that the Foundation fate5 on a regularbasis and controls are established a5 appropriote.
The key controls used by the Foundatlon Include,.
- Regular management meetings to 355ess forthcomlng actlvitles
.Agend3s and minutes
Detailed budgetary presentation for each activlty for approval by the fru5te¢s
Established organisational structure and Ilne5 of reportlng
Clear authori5ation and approval levels
- Engagement of external professlonal advisors as and when necessary.
Through the controls established for the running of the FotAnd3tion, the Trustees are satisfied that the major
rlsks identified are adequately rnitlgated, where necessary. It Is recognised that controls establlshed can only
provlde reasonable, but not absolute, a55urance that ma}or risks have been adequately managed.
AUOITORS
The auditors, Kingscott Dix (Cheltenhaml Llrnited, will be proposed for re-appolntment at the forthcoming
Annua General Meeting.
Trustees, report, Ineorporatlng a 5trateElc report, approved by order of the board of trustees, as the company
director5, on.
and signed on the board's behalf by.
R D GIffOrd-Tr￿Stee
Date
$_ty442e2

The Asha Foundation
Consolidated flnancial statement5 for the year ended 30 November 2024
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees, (who are also directors for the purp05e5 of company lawl are responsible for preparing a
trustees, annual report and financial statements in accordance with applicable law and regulations and United
Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting practi￿).
Company law requires the trustees to prepare financial statements for each financial year which give a true
and fair view of the state of affairs of the charitable company and of the incoming resources and application
of resources, including the income and expenditure, of the charitable company for that period. In preparing
those financial statements, the trustees are requlred to
select suitable accounting policies and then apply them consistently;
observe the methods and princlples in the Charities SORP,.
make sound judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standard have been followed, subject to any material
departures disclosed in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any time the financial position of the charitable company and to enable them to ensure that the financial
statements complywith the Companies Act 2006. They are also responsible for safeguarding the assets of the
charitable companyand hence fortaking reasonable stepsforthe prevention and detection of fraud and other
irregularities.
In so far asthe trustees are aware:
there is no relevant audit information of which the charitable company's auditors are unaware; and
the trustees have taken all steps that they ought to have taken to make themselves aware of any
relevant audit information and to establish that the auditors are aware of that information.

The Asha Foundation
Consolidated financial statements for the year ended 30 November 2024
INDEPENDENT AUDITOR'S REPORT
To the members of The Asha Foundation
Opinion
We have audited the financial statements of The Asha Foundation for the year ended 30 November 2024
which are comprised of the Consolidated Statement of Financial Activities, Consolidated and Parent Charitable
Company Balance Sheets, Consolidated Cash Flow Statement and related notes, including a summary of
signif icant accounting policies. The financial reporting framework that has been applied in their preparation
is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reportlng
Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting
Practice).
In our opinion the financlal statements:
give a true and fair view of the state of the group's and the parent charitable compantys affairs as at
30 November 2024 and of it5 incoming resources and application of resources forthe yearthen ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006and thecharities
Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the
audit of the financial statements section of our report. We are independent of the charitable company in
accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK,
including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with
these requirements. We believe that the audit evidence we have obtalned is sufficient and appropriate to
provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events
or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability
to continue as a going concern for a period of at least twelve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Other informatlon
The other information comprises the information included in the annual report, inclLtding the trustees, report,
other than the financial statements and our auditor'5 report thereon. The trustees are responsible for the
other information contained within the annual report. Our opinion on the financial statements does not cover

The Asha Foundation
Consolidated flnancial statements for the year ended 30 November 2024
the other information and, except to the extent otherwise explicitly stated in our report, we do not express
any form of assurance conclusion thereon.
Our responsibility IS to read the other Informatlon and, in doing so, consider whether the other information is
materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or
otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether this gives rise to a material misstatement in the
financial statements themselves. If, based on the work we have performed, we conclude that there is a
material misstatement of this other information, we are required to report that fatt.
We have nothlng to report in this regard.
Opinions on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the trustees, report, which includes the directors, report prepared for the
purposes of company law, for the financial year for which the financial statements are prepared is
consistent with the financial statements; and
the directors, report included within the trustees, report has been prepared in accordance with
applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course
of the audit, we have not identified material misstatements in the Trustees, Annual Report.
We have nothingtoreport in respect of the following matter5 wherethe Companies Act 2006 and the Charities
Act 2011 requires us to report to you if, in our opinion:
the parent charitable company has not kept adequate and sufficient accounting records, or returns
adequate for our audit have not been received from branches not visited by us; or
the parent charitable companyfinancial statements are not in agreement with the accounting records
and return5. or
certain disclosures of trustees, remuneration Specified by law are not made; or
we have not received all the information and explanations we required for our audtt," or
the trustee5 were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies exemption from the requirement to
prepare a Strategic Report or in preparing the Trustees, Annual Report.
Responsibilities of trustees
As explained more fully in the Statement of Trustees, Responsibilities Statement, the trustees {who are also
the directors of the charitable companyforthe purposes of company lawl are responsible forthe preparation
of the financial statements and for being satisfied that they give a true and fair view, and for such internal
control as the directors determine necessary to enable the preparation of financial statements that are free
from material misstatement, whether due to fraud or error.

The Asha Foundation
Consolidated financlal statements for the year ended 30 November 2024
In preparing the financial statements, the trustees are responsible for assessing the charitable company's
ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to
cease operations, or have no realistic alternative but to do so.
Auditorfs responsibilitles for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whetherthe financial statements a5 a whole are free
from material misstatement, whether due to fraud or error, and to issue a Auditorfs Report that includes our
opinion. Reasonable assu rance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS (UK} will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We identified areas of law and regulations that could reasonably be expected to have a material effect on the
financial statement5 from: our charity and sector experience; our accountancy and tax knowledge; inspection
of the charitable company's relevant correspondence; a review of Companies House and Charity Commission
filings; and discussions with management and the Trustees. We discussed laws and regulations throughout
our team and remained alert to any indication of non-compliance throughout the audit. The potential effett
of the law and regulatlons on the financial statements varies considerably.
Firstly, the charitable company's is subject to laws and regulations that directly affect the financial statements
includlng financial reportlng legislation, distributable profits legislation and tax legislation. We assessed the
extent of compliance with these laws and regulations as part of our procedures on the related financial
statement items.
Secondly, the charitable company's is subject to other laws and regulations where the consequences of non-
compliance could have a material effect on amounts disclosed inthefinancial statements, for instancethrough
the imposition of f ines or litigation. We identified the following areas as those most likely to have such an
effect: health and safety, planning permissions, building regulations, and employment laws and regulations,
recognising the nature of the charitable company's activities. Auditing standards limit the required audit
procedures to identify non-compliance with these laws and regulations to enquiries of management, and
inspection of regulatory and legal correspondence, if any. These limited procedures did not identify actual or
suspected non-compliance.
Due to the inherent limitations of an audtt, there Is an unavoidable risk that we may not have detected some
material misstatements in the financial statements, even though we have properly planned and performed
our audit in accordance with auditing standards. As with any audit, there remained a higher risk of non-
detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations,
or the override of internal controls. We are not responsible for preventing non-compliance and cannot be
expected to detect non-compliance with all laws and regulations.
A further description of ou r responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our
Auditorfs Report.

The Asha Foundation
Consolldated financial statements for the year ended 30 November 2024
Use of our report
This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of
Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
charitable company's members those matters we are required to state to them in an auditor's report and for
no other purpose. To the fullest extent permitted by law, we do not accept orassume responsibilityto anyone
other than the charitable company and the charitable companvs members as a body, for our audit work, for
this report, orfor the opinions we have formed.
2?.cJS-Z
Date
Robert Harris FCA (Senior Statutory Auditor)
For and on behalf of Kingscott Dix Icheltenham) Limited
7 Rockfield Business Park, Old Station Drive, Leckhampton, Cheltenham, GL53 OAN
-io-

The Asha Foundation
Consolldated flnanclal statements for the year ended 30 November 2024
CONSOLIDATED STATEMENT OF FINANCIAL AcfiviTIES
(Incorporating an Income and Expenditure Account)
2024
Group
Unrestricted
Funds
2024
Group
Restrirted
Funds
2024
Group
Total
Funds
2023
Group
Total
Funds
Note
INCOME
Voluntary income
3,657
3,657
15,614
Income from charitable activities
66,540
66,540
367,371
Other trading activities
216,867
216,867
138,296
Investment income
TOTAL INCOME
220.524
66,540
287,064
521,281
EXPENDITURE
Expenditure on charitable activities
220,125
134,428
354,553
516,300
TOTAL EXPENDITURE
220,125
134,428
354,553
516.300
NET INCOME I (EXPENDITURE)
399
167,888
167,489)
4,981
Transfers between funds
{67,8881
67,888
N￿MOvEmENT IN FUNDS
io
(67,489)
(67,489)
4,981
TOTAL FUNDS BROUGHT FORWARD 16
3,459,882
165,750
3,625,632
3,620,651
TOTAL FUNDS CARRIED FORWARD 16
3,392,393
165,750
3,558,143
3,625,632
The statement of financial attivities includes all comprehensive income recognised in the year. All income and
expenditure derive from continuing activities.
li-

The Asha Foundation
Consolidated flnancial statements for the year ended 30 November 2024
CONSOLIDATED BALANCE SHEET
(Company number: 03128079)
2024
GTOUP
2023
Group
Note
FIXED ASSErs
Tanglble assets
Investments
12
13
4,646,769
4,832,459
4,646,769
4,832,459
CURRENT ASS￿5
Debtors
Cash at bankand in hand
14
4,215
103,273
107,488
76,033
76,033
CURRENT LIABILITIES
Crodltors due withln one year
Is
150,1541
(50,154)
(149,8101
1149,810J
Net current assets I Illabllltiesl
25,879
142,3221
Total assets lets current liabilitles
4.722,648
4,790,137
NON-CURRENT LIABILITIES
Creditors due after one year
15
(1.164,5051
IL,164,5051
(1.164,5051
11,164,5051
NET A55ETS
3,558,143
3,625,632
FUNDS
Unrestricted funds
Restricted funds
TOTAL FUNDS
3,392,393
165,750
3.558,143
3,459,882
165.750
3,625,632
The trustees have prepared group accounts in accordance with sectlon 398 of the Companies Att 2006 and
sectlon 138 of the Chartties Act 2011. These account5 are prepared in accordan￿ with the spedal provisions
of Part 15 of the Companies Act relating EO Small companles and constitute the annual accounts required by
the Companies Act 21x16 and are for clrculatlon to members of the company.
Approved by the Board of Trustees on ...
nd signed on its behalf bv:
R O Glfford
12-

The Asha Foundatlon
Consolidated financlal statements for the year ended 30 November 2024
CIIARITY BAiANCE SHEET
{Company number: 03128079)
2024
Charlty
2023
Charity
Note
FIXED ASs￿s
Tangible assets
Inve$lment5
12
13
3,125,075
3,210,637
3.125.07S
3.210.637
CURRENT ASSETS
Oebtors
Cash at bank and in hand
14
1,573,428
66.161
1,639,589
1.527,552
90,929
1,6L8,481
CURRENT LIABILITIE5
Creditor5 due wlthln one year
15
(42,016)
142,0161
(38.9811
138,981}
Net current assets
1.597,573
1,579,500
Toial assets less turrent liabilities
4.722,648
4,790,137
NON4URRENT LIA8iullES
CrÈdltors due after onè year
15
11.164,5051
11.164,5051
11,164,505)
11,164,505>
Nrf ASSETS
3.558.143
3.625,632
FUNDS
Unrestricted funds
Restilcted fund5
TOTAL FUNDS
3,392,393
165,750
3,558,143
3,459,882
165,750
3,625.6aZ
16
The trustees have prepared group account5 In accordance with section 398 of the Companies Act 2006 and
section 138 of the Charitle5 Act 2011. These accounts are prepared In accordonce wlth the Special provlsions
of Part 15 of the Companies Act relatlnB to small companies and ¢on5titute the annual accounts required by
the Companies Act 2006 and are for circulation to member5 of the cofflpany.
Approved bythe Board of Trustees on .
R O Glfford
-13-

The Asha Foundation
Consolidated financial statements for the year ended 30 November 2024
CONSOLIDATED CASH FLOW STATEMENT
2024
Group
2023
Group
Note
CASH FLOWS FROM OPERATING AcfiviTE5
Net movement in funds
Depreciation charge
Gain / loss on asset disposals
Interest income
167,4891
85,562
50,128
4,981
86,375
12
68,201
91,356
{Increase) / decrease in stock
{Increase) / decrease in debtors
Increase / (decrease) in creditors
14
15
4,215
199,6561
80,724
593,991
Net cash provided by operating artivities
127,240)
766,071
CASH FLOWS FROM INVESTING AcfiviTES
Interest income
Purchase of tangible fixed assets
Proceeds from sale of tangible fixed assets
Net cash used in investing activities
12
(923,5721
1923.5721
Change in cash and equivalents for the year
(27,2401
(157,501)
Cash and equivalents at the beginning of the year
103,273
260,774
CASH AND EQUIVALE￿ AT THE END OF THE YEAR
76,033
103,273
14-

The Asha Foundation
Consolidated financial statements for the year ended 30 November 2024
NOTES TO THE FINANCIAL STATEMENTS
General Informatlon
The Asha Foundation is a registered charity, Incorporated in the United Klngdom as a company limited by
guarantee. General information about the charity can be found on the Charity information page. The
functional and presentational currency of both the Group and the Charity is British Sterling (£1. The Charity is
a public benefit entity.
Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recomrnended Practice (Charities SORP- FRS 102), the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FR5 1021 and the Compan ies Act 2006. A55ets and liabilities are initially
recognised at historical cost or transaction value unless otherwise stated below.
Golng concern
The group has cash resources and has no requirement for external funding. The trustees have a reasonable
expettation that the group has adequate resources to continue in operational existence for the foreseeable
future and consider it appropriate to adopt the golng concern basis in the preparation of the financial
statements.
Consolidated group accounts
The consolidated statement of financial activities {SOFA} and consolidated balance sheet consolidate the
financial statements of the charity and its wholly owned subsidiaryi The Asha Centre Limited, company
registration number 13917898, on a line-by-line basis. No separate SOFA, nor income and expenditure
account, is presented for the charity itself as the charity has taken advantage of the exemptions afforded by
section 408A of the Companies Act 2006.
Judgements and estimation uncertainty
The trustees are of the opinion that the financial statements do not contain any significant judgements or
estimations.
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 expendlture as soon as there is a legal or constructive obligation commltting the
charity to that expenditure, it is probable that a transfer of economic benef its 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
direttly attributed to particular headings they have been allocated to activities on a basis consistent with the
use of resources.
15-

The Asha Foundation
Consolidated financial statements for the year ended 30 November 2024
Tanglble fixed assets
Tangible fixed assets are capitallsed at cost and are depreciated over thelr useful economic Ilves as follows:
Freehold propertv
Straight line over 50 years
Plant and machinery
33% on reducing balance basis
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.
Restriction5 arise when specified by the donor or when funds are raised for particular restricted purposes.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered, less
any provision for unrecoverable amounts. Prepayments are valued at the amount prepaid net of any trade
discounts due.
Cash and equivalents
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of
three months.
Creditors
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event
that will probably result in the transfer of funds to a third party and the amount due to settle the obligation
can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement
amount after allowing for any trade discounts due.
Pensions
Employees of the charity are entitled to join a money purchase defined contribution pension scheme. Any
employees joining the money purchase pension scheme, contract directly with the insurance company. The
group makes contributions to the individual schemes of employees and acts as agent in collecting and paying
over employee pension contribution5. The contributions made for the accounting period are treated as an
expense.
Financial instruments
The group only has financial assets and financial liabilities of a kind that qualify as basic financial Instruments.
Basic financial instwments are initially recognised at transattion value and su bsequently measured at their
settlement value.
Legal status of the charity
In the event of the charity being wound up,the liability In respect of the guarantee Is limited to £1 per member
of the charity.
16-

The Asha Foundation
Consolidated financial statements for the year ended 30 November 2024
Financial performance of the charity
The consolidated statement of financial activities includes the results of the charit(s subsidiary, The Asha
Centre Limited, a company limited by guarantee. As permitted by section 408 of the Companies Act 2016, the
charity's statement of financial activities has not been included in these financial statements. The chartty's
deficit forthe year was £29,40312023- £4,981 surplus) which was comprlsed of a £29,004 unrestricted fund
surplus, and a £58,407 restricted fund deficit.
Taxation
The Asha Foundatlon Limlted is a registered charity, and all income falls within the exemptions afforded to
charities by the Income and Corporation Taxes Act 2000.
Voluntary Income
2024
Group
2023
Group
Donations
Gift aid
15,614
3,657
3,657
15,614
Income from charitable artivities
2024
Group
2023
Group
Erasmus+ grants
Other grants
66,540
201,621
165,750
367,371
66,540
Income from other trading activities
2024
Group
2023
Group
Event income
Accommodation income
Other income
Rent received
15,000
148,471
5,396
48,000
216,867
17,922
67,862
6,112
46,400
138,296
17-

The Asha Foundation
Consolidated financial statements for the year ended 30 November 2024
Totsl expenditure
2024
Group
Total
2023
Group
Total
Direct
Costs
Staff
Costs
Support
Costs
Charitsble activities
Property maintenance
Property running costs
Staff employment costs
Participant travel costs
Participant subsistence
Administrative costs
Donatlons made
Depreciation
Total 2024
70,879
29,835
70,879
29,835
73,037
24,526
3,404
38,310
29,000
85,562
354,553
86,623
35,929
149,714
84,379
26,196
47,084
73,037
24,526
3,404
25,492
29,000
85,562
167,984
12,818
86,375
516,300
113,532
73,037
Total 2023
127,195
149,714
239,391
516,300
10 Staff costs
2024
Group
2023
Group
2024
a)arfty
2023
Charity
Wages and salaries
Social security costs
Pension contributions
66,717
5,004
1,316
73,037
141,406
5,095
3,213
149,714
41,846
3,264
105,246
2,673
2,673
110,592
45,954
There wa5 no trustees, remuneration or other benefits forthe year ended 30 November 2024 norfor the year
ended 30 November 2023.
The average number of employees during the year was 612023- 6).
No employees were paid in excess of £60,000 during the current or previous year.
11 Movement In funds
This is stated after charging:
2024
Group
2023
Group
Depreciation
Auditor remuneration: group audit services
Auditor remuneration: other services
85,562
3,995
1,305
86,375
3,995
1,305
-18-

The Asha Foundation
Consolidated financial statements for the year ended 30 November 2024
12 Tangible fixed assets
GROUP
Freehold
Property
Plant &
Machinery
Total
Cost
At l December 2023
Additions
Disposals
At 30 November 2024
5,808,266
195,685
6,003,951
(50,1281
5,758,138
150,128)
5,953,823
195,685
Depreciation
At l December 2023
Charge for year
Eliminated on disposals
At 30 November 2024
980,709
83,928
190,783
1,634
1,171,492
85,562
1,064,637
192,417
1,257,054
Net book value
At l December 2023
4,827,557
4,902
4,832,459
At 30 November 2024
4,693,501
3,268
4,696,769
During the year, the group received grant income with the restrictlon that the grant be used to undertake a
capital build project.
CHARITY
Freehold
Property
Plant &
Machinery
Total
Cost
At l December 2023
Addition5
Disposals
At 30 November 2024
4,186,444
195,685
4,382,129
4,186,444
195,685
4,382,129
Depreciation
At l December 2023
Charge for year
Eliminated on disposals
At 30 November 2024
980,709
83,928
190,783
1,634
1,171,492
85,562
1,064,634
192,417
1,257,054
Net book value
At l December 2023
3,205,735
4,902
3,210,637
At 30 November 2024
3,121,807
3,268
3,125,075
19-

The Asha Foundation
Consolidated financial statements for the year ended 30 November 2024
13 Investments
The charity controls its subsidiary, The Asha Centre Limited. Any profits earned by the subsidiary are
distributed to the charity by way of gift aid.
The results of The Asha Centre Limited were:
2024
2023
Turnover
Cost of sales
Gross prof it
Administrative expenses
Profit before taxation
Taxation
Profit after taxation
Gift aid distribution
Retained profit for the year
148,471
15,9681
142,503
{41,7811
100,722
67,116
67,116
{54,6241
12,492
100,722
1100,7221
12,492
112,492}
The Asha Centre Limited had the following assets and liabilities:
2024
2023
Fixed assets
Current assets
Current liabiltties
Non-current liabillties
Net assets
1,571,694
1,621,822
9,872
12,344
{8,2951 {110,8291
11,573,271) (1,523,337)
Reserves
Shareholders, funds
14 Debtors
2024
Group
2023
Group
2024
Charlty
2023
Charlty
Other debtors
Amounts due from group companies
4,215
157
1,573,271
1,573,428
4,215
1,523,337
1,527,552
4,215
-20-

The Asha Foundation
Consolidated financial statements for the year ended 30 November 2024
15 Creditors
2024
Group
2023
Group
2024
Charity
2023
Charity
Due within one year:
Trade creditors
Other creditors
Other taxes and social security
11,379
28,943
9,832
50,154
109,226
28,933
11,651
149,810
11,379
28,943
1,694
42,016
9,205
29,176
38,981
Due after one year:
Other creditors
1,164,505
1,164,505
1,164,505
1,164,505
1,164,505
1,164,505
1,164,505
1,164,505
16 Group funds
Current year:
l Dec 2023
Income Expenditure
Transfers 30 Nov 2024
Unrestricted funds
General
Total unrestricted funds
3,459,882
3,459,882
220,524
220,524
1220, 1251
1220, 1251
(67,8881
{67,8881
3,392,393
3,392,393
Restricted funds
Erasmus+
Wellness & Arts Centre
Total restricted funds
66,540
1134,4281
67,888
165,750
165,750
165,750
165,750
66,540
{134,4281
67,888
Total funds
3,625,632
287,064
1354,5531
3,558,143
Previous year:
l Dec 2022
Income Expenditure
Transfers 30 Nov 2023
Unrestricted funds
General
Total Un￿strICted funds
3,620,651
3,620,651
153,910
153,910
1224,0611
(224,061}
190,618)
(90,618)
3,459,882
3,459,882
Restricted funds
Erasmus+
Wellness & Arts Centre
Total restricted funds
201,621
165,750
367,371
{292,2391
90,618
165,750
165,750
1292,2391
90,618
Total funds
3,620,651
521,281
1516,3001
3,625,632
-21-

The Asha Foundation
Consolidated financial statements for the year ended 30 November 2024
General funds:
The group has general unrestricted funds that are free reserves for use in achieving the charit¢s aim5 and
objettives.
Restricted f unds:
The charity receive5 grants from the Eu's Erasmus+ program as well as othersources. These grants are treated
as restritted funds. Erasmus+ is the programme the European Union has set up for young people. It aims to
inspire a sense of active European citizenship, solidarity and tolerance among young Europeans to involve
them in shaping the Union's future.
The charity has received grant funding specifically to support the creation of a Wellness & Arts Centre. The
Centre is currently under construction. Upon completion there will be no restrictions on usage, and so the
fund balance will be transferred to unrestricted fu nds at that polnt.
17 Analysis of group net assets between funds
Current year:
Unrestrlcted
Funds
Restricted
Funds
Total
Funds
Tangible fixed assets
Current assets
Current liabilitie5
Non-current liabilities
4,481,019
104,405
150,1541
(1,104,791)
3,392,393
165,750
4,646,769
76,033
{50,1541
11,164,505)
3,558,143
165,750
Prevlous year:
Unrestrlcted
Funds
Restricted
Funds
Total
Funds
Tangible fixed assets
Current assets
Current liabilities
Non-current liabilities
4,666,709
107,488
(149,810}
11,164,505}
3,459,882
165,750
4,832,459
107,488
{149,810)
11,164,505)
3,625,632
165,750
18 Related party transactlons
Group companies: The group has taken advantage of the exemption from disclosing transactions between
group companies.
Employees: During the current and previous year the charity employed individuals who are related to a
trustee. These individuals are not employed under any special terms and are remunerated In the normal
course of business.
Key management: During the year remuneration paid to key management personnel was £4,120 (2023-
£14,000).
-22-

The Asha Foundation
Consolidated financial statements for the year ended 30 November 2024
CHARttY INCOME AND EXPENDITURE ACCOUNT
2024
2024
2024
2024
Charity
Totsl
Funds
2023
Charity
Total
Charity
Unrestrlcted
Charity
Restricted
Charity
Restricted
Fund
Fund
Asset Fund
Funds
INCOME
Voluntary:
General donations
Gift aid reclaimed from HMRC
Gift aid from subsidlary
3,657
3.657
15,614
100,722
100.722
12,492
Trading activities:
Event income
Other income
15,000
5,396
15.000
5,396
17,922
6,858
Investment..
Bank interest
Charitsble activities:
Erasmus+ grants
Other capital grants
66.540
66,540
201,621
165,750
Other:
Rental income
48,000
48,000
46,400
172.775
66.540
239,315
466.657
EXPENDITURE
Charitable activities.,
Wages
Social 5ecurlty
Pensions
Rent and rates
Insurance
Heat and light
Travel costs for participants
Subsistence costs for participants
Motor expenses
41,846
3,264
844
41,846
3.264
844
105,246
2,673
2,673
5,489
4,643
24,153
84.379
26.196
6.673
477
11,817
26,076
477
11,817
26,076
24,526
3,404
2,224
24,526
3,404
2,224
-23-

The Asha Foundation
Consolidated financial statements for the year ended 30 November 2024
Continued...
2024
2024
2024
2024
2023
Charity
Unrestrlcted
Fund
Charity
Charity
Restricted
Restrlcted
Fund Asset Fund
Charlty
Total
Funds
Charlty
Totsl
Funds
Sundries
Office and advertising
Telephone
Contractors and consultancy
Repairs & property maintenance
Subcontractors
Bank charges
Exchange rate varlances
Trainin8
Auditor rernuneration
2,205
2.350
2,180
5.038
2,205
2,350
2.180
4,758
33,530
27,014
296
2,213
14,302
2,881
6,788
34,238
44,834
752
12.5991
33,530
27,014
296
1,000
3,995
Donation
Input VAT irrecoverable
Depredation of fixed assets
29,000
4.151
85,562
29,000
4,151
85,562
5,772
86,375
172,376
134,428
306,804
461,676
TOTAL SURPWS I (DEFICIT)
399
(67,888)
{67.4891
4.981
Being..
Restricted fund- provision of Erasmus+ courses and pro8ramme.
Restricted a55et f und - grants received specifically to support the creation of a Wellness & Arts Centre.
Unrestricted funds- all other income and expenditure.
-24-