Company registration number.. 03251512 Charity registration number= 1060789 Ashiana Community Project {A company limited by guardntee) Annual Report and Financial Statements for the Year Ended 30 September 2024
Ashiana Community Project Contents Trustees, Report I to7 Independent Examiner's Report Statement of Financial Activities Balance Sheet io Statement of Cash Flow5 Notes to the Financial Statements 12to22
Ashiana Community Project Trustees, Report The trustees, who are directors for the purpose5 of company law, present the amiual report together with the financial statements and auditors, report of the charitable company for the year ended 30 September 2024. Objectives and Activities Objeets and ain Ensure good relations between service providers and our communities Promote a common vision of working together to create a Sense of belonging for everyone Deliver customised Information, Advice and guidance service that individuals meet individual's needs Provide service5 including training that improves employability of individuals Improve the basic skills and expertise of individuals by combining learning with social aetivities Help people to access services and opportunities within the communities where we operate Support young people not in education, employment or training to improve their prospects Help individuals gain access to ail their rightful social welfare provision Support women to access services that improve their personal and family circumstance5 Provide facilities and services that the community uses and values Promote social inclusion using arts and physical activities Support peoples mental Health Support individuals through times of difficulty and be a part of their successes "Supporting Community Aspiration" Every project will enshrine the principles of the charity and align thematic areas of our work by ensuring beneficiaries receive the most appropriate level of service to empower them to achieve positive outcomes. Reduce inequality by recognising diversity and celebrating difference Improvc equality, dignity and respect within our local communities Support those in disadvantage to become independent and in control of their life choices Empower individuals and their families to achieve their potential . Promote Arts and cultural activities Page I
Ashiana Community Project Trustees, Report Objectives, strategies and activities Missions Our Mission We provide a range of support and interventions that help individuals and families with multiple needs to progress positively. We do this independently and in partnership with others. Keys to Success Managemen¢ Stsff and volunteers, supported by trustees, work to translate aetivities into positive outcomes for our service users Our Values ACCEPTtNG we accept you as you ACCOMMODATING we make it easy for you to ask for help CARtNG we care about you. and we care about the wider community CHALLENGING we challenge the status quo COLLABORATING we know we can't do it all on our own This has been realised by Greater involvement of service users in the designing current and new services- co-design Establishing conversations and consultation with stakeholders and service users Gather local knowledge and intelligence on the issues facing communities Maintaining a clear and effective focus on meeting community pirationS Maintaining and developing a skilled and committed workforce Maintaining a culture of continuous improvement in the delivery of all services including meeting quality assurance standards and kite-marks and responding to the particular needs of changing and evolving communities Achieving sustainability through securing a diversified range of ndIng opportunities to support existing services and to develop new ones . The ability to secure and deliver higher value contraets through partnershtp and consortium delivery The ability to effectively market services and past achievements to both clients and service commissioners Developing a high perfonning Board with the necessary, skills. connections and motivation Support, nurture and develop members of staff towards continuous professional development. Provide support to ensure staff Tnembers are comfortable in their working practices Create an inclusive and positive work environment Promote a common vision of working together to create a sense of belonging for everyone Provide effective supervision and equality of opportunities Create and uphold a safeguarding ethos . Resolve concerns promptly Page 2
Ashiana Commullity Project Trustees, Report Perforniance The demand for services has continued to grow year by year and we xre seeing an increasing number of clients. However, with support of all stakeholders. volunteers, partners and the community. working together, the results of the work are presentcd below. Women Well-being Hub This multi funded programme has enabled us to 5uppor¢ encourage and empower women who are seeking to improve their skills to become economically and socially more active. This year we have delivered services to over 1255 women. We have maintained our face-to-face health and mindfulness sessions. We are also using our online and social media plarfonns to provide Health and well-being information as well as advice on various aspects of self-care and personal development access using online and social media platforms. We have provided 26 arts sessions for people with low level anxiety and depression. We have also delivered a specific support programme for women in situations of abuse. As result of the support 216 women have been able to find help and 154 have escaped potential life threatening situations. We continue to train mentors and volunteers who subsequently lead and support activities and events within our projects. We are supporting employers to help and understand menopause and related issues. As well providing advice and guidance to women looking to have children or in early stages of pregnancy. ACP utilise community actors to gain greater reach and increased provision, thus becoming the foundations to promote key messages into the community. We have been able to provide information and support to 665 women through workshops and one to one support during the year. ACP Advice Our advice service is an integral provision of the charity and continues to be a service that has a very high demand from the community. The impact of welfare reforms changes, compounded by the economic and health impact of the Covid pandemic continues to have a significant impact on elements of the con]munity we serve. This has influenced the demand for welfare benefits related advice, social care benefil {PIP). The advice service addresses the needs of clients with personalised Information. advice and guidance support to address core issues. The circumstances affecting an individual often have repercussions for the whole family. Our provision aims to provide a holistic response to issues presented that may involve several in-house or external services. We therefore have a referral mechanism for sign posting clients to specialist agencies when necessary In this year, ACP has supported 1663 new clients as well as continuing to support over 3.100 existing clients. Achieving 7210 positive outcomes (averaging 1.5 per client) and generating over £14,210.030 of welfare support for our beneficiaries. As well as the benefit support, we offered debt management support to 196 people. this resulted in £126.000 of debt burden being eased for the clients. Page 3
Ashiana Community Project Trustees, Report Carers Project - ACP is commissioned, as the lead organisation of a consortiurn with other eommunity providers, by Forward Carers, to support carers to improve their circumstances, providing advice, guidance and sessions to overcovne barriers they face or issues they have. ACP supported 650 Carers, predominantly from the BAfv community. We have identified many hidden carers especially atnongst disadvantage individuals and families, our work has addressed many batTiers and influencing policy to effectively support carers and their families. We have enabled carers to access £125,000 of carers 5UPPOrt grdnt EmploynAeDt Training - Our employment and training programmes have provided a variety of training and support sessions enabling people to access or improve their employment. Working in with a variety of partners we have delivered courses and support including CV writing and Job search Projects within this pn)gramme are AEGIS The programme has supported people who are in employtnent to improve and progress their educational engagement and achievement thus enhancing their career prospect5. As with Stepping up this programme is winding and our support or employed worker5 will be provided through Pr(>sperous Futures. We supported 310 employed people with training. PROSPEROUS FUTURES - A programme to supports people, with low skills, in low paid employment to acquire skills that enhances their current employment or enables them to progress their education and hcnce career prospects. We supported over 360 clients in the last 6 months of the programme. X-CITE Focusing on young people, 15 -29 not in education, employment or training, (NEETs} this programme offers a variety of support. CV writing and updates, guidance and support to access training or 'access to training, programmes. interview and employment support. We supported over 435 clients in this fmancial year. Fillaneial Review Ashiana Community Project employs Onyx Accountants tr) carry out accountancy and business consultancy work. Along with producing the annual accounts, there are monthly finance management meetings that take place to ensure adequate finance control processes are embedded and ongoing reviews regarding the performance of the organisation. Page 4
Ashiana Community Project Trustees, Report Future Plans ACP has agreed a business plan for the smooth exit from the EStF funding. We aim to explore how we focus on our core activity of supporting local people with Tnultiple needs. This will include testing a comprehensive wellbcing programme that addresses fundatnental eleJnents of poverty and deprivation, financial issues, health and wellbeing suppor¢ social care support and cultural development. Our work will involve the support for our older generations and the engagement of community in providing relevant and appropriate care. We aim to build on our activity with people with speeific health conditions e.g. diabetes, coronary heart disease and respiratory illnesses to investigate how simple health and wellbeing measures can reduce the Tisk of firther deterioration in health especially amongst BAME communities. We acknowledge the changing landscape for commissioning and funding and continually looking at a contract-based model and seeking external assistance and support to develop strong business cases to provide services tendered by funders as well the requirements of the community and the users of the centre. We are also considering wider paTtnerships to replicate our work with other charities and eurrently investing time in conversations and discussions to take this model further. Reserves Policy Ashiana Conununity Project recognises the important of continuation of its services meeting its charitsble objectives. The trustee has taken steps to hold reserves to protect the charity against eventualities or future changes that may place the organisation in financial risk. Trustees consider that in the current uncertain economic climate for the sector. and with the need for continued diligence and restructttring that the ACP should aim to hold as free reserves a level equivalent to three months outgoing resources plus an estimate of the current liability for redundancy pay on existing stsff without the current Service contracts that we undertake. Thi5 currently equates to £150.000 to cover 3 months of Emergency operation costs and redundancy reserve. We have achieved this object. Trnstees alld officers The trustees and officers serving during the year and since the year end were &8 follows.. Trustees= Mr Naeem Qureshi Ms Marianne Salmon Mr Parwez Hussain Mrs Urniillaben Pravinbhai Patel Page 5
Ashiana Community Project Trustees, Report Structure* governance alld mallagemellt ACP employed on average 26 FTE staff and provided essential services to the most vulnerable members of our community servicing those most in need. We sustained collaborative working relationship with local Community organisations and charities to inere&se access to services. The cost-of-living Crisis has resulted in a unprecedent increase in our services. Speeifically, the dernand for face-to-face provision has continued to increase. The closure of ESF projects meant that we had to restrncture provision to offer a wide of interventions to nieet the demands. We engaged with over 7,800 people using various platfornis including social medi& We continue hold our Matrix and Investor in People accreditation. we continue to monitor and assess best practice in our staff management and project delivery practice. Our services focus on a people's wellbeing and personal development. The trustees receive reports monitoring provision and ensuring on going quality of provision. Trustees have agreed post ESIF funding structure ACP. so that can meet the in¢Teasing demands from the community in a safe and trusted environment. StatemeDt of trustees, responsibilities The trustees (who are also the directors of Ashiana Community Project for the purposes of company law) are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare fjnancial statements for each financiaI year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitsble company and of the incoming resources and application of resources. including its income and expenditure. of the charitable company for that period. In preparing these financial statements, the trustees are required to= select suitable accounting policies and apply them consistently- observe the methods and principles in the Charities SORP. make judgements and estirnates that are reasonable and prudent. state whether applicable accounting standards. cotnprising FRS 102 have been followed. subject to any material departures disclosed and explained in the financial statements. and prepare the financial 5tstements 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 that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are a]so responsible for safeguarding the assets of the charitable mpany and hence for taking reasonable steps for the preventton and detection of fraud and other irregularities. The trustees are responsible for the rnaintenance and integrity of the corporate and financial infonnation included on the charitable company's website. Legislation governing the preparation and dissemination of fmancial statetnents may differ from legislation in other jurisdictions. Page 6
Ashiana Community Project Trustees, Report Acknowledgemellts ACP has been able to continue with these services due to our fijnders and partners. We the Trustees and staff of ACP would like to say A BIG THANK YOU to: Big Lottery - Helen Kelly Tudor Trust - Nicky Lappin Forward Carers - Simon Fenton Department for Work and Pension Department for Health and Social Care Pohwer - Abdul Rahim Small Heath Community Forum - Zualfquar Hussain Bimiingham City Council The Henry Smith charity Locality Bimiffingham City University - Raj Shamji The annual report was approved by the trustees of the charity on 2 May 2025 and signed on its behalf by: Mr Naeem Qureshi Trustee Page 7
Ashiana Community Projeet Independent Examiner's Report to the trustees of Ashiana CommunRty Pi'oject ('the Company,) I report to the cbarity trustees on my examinalion of the accounts of the Company for the year ended 30 September 2024. Responsibilities And basis of report As the charity's truslees of the Company (and also ils direclors for the PUryK)ses of cornpany law) you are Tesponstble for th¢ pr¢pardtion of the accounts in accordance with th¢ requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the ac¢ounts of the Cornpany are not required to be audited under Part 16 of the 2006 Act and are eligible for indepcndellt exaininalion, I report in SpeCt of my ex8¥nination of your charity's accounts as carried out under section 145 of lh¢ Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Ci)mmis5ion under section 145{5)(b) of the 2011 Act. Indepelldeut examiller'5 Stgtement Siiice tILe Company's gross income exceeded £2SO,000 your exaTniner must be a member of a body listed in section 145 ofthe 2011 Act. I confirm that l am qualified to undertake lh¢ examination because E am 8 member of ACMA, which is oiie of the listed bodies. I have completed my cxaminalion. I confirni thal no matters have come to rny attention in eAinnection with the examination giving me cause to believe- accounting records were not kept in reSPt of Ashiana Community Projecl as required by section 386 of the 2006 Acl; or 2. the accounts do not accord wilh those records. or 3. the accounts do not comply with the accounting requiremenls of section 396 of the 2006 Act other than any requirement that tlie accounts give a 'true and fair view, which is not a matter considered as part of an independ¢nt examination. or 4. the accoiinls have not been prep3r¢d accordance with the mdhods and principles of the Statement of Recommendcd Practice for accounting and reporting by charities [&pplicable to charitie5 prepai'ing their accounts in ac¢ordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no Concerns arkd have come across Jjo other matters in connection with the exaininalion to which attention should b¢ drawn in this report in order lo enable & proper understanding of the accounts to be reached. Paresh Bodhani ACMA 2 May 2025 Page 8
Ashiana Community Project Statement of Financial Activities for the Year Ended 30 September 2024 ncluding Income and Expenditure Account and Statement of Total Recognised Gaills and Losses) Unrestric¢ed funds Total 2024 Total 2023 Restricted funds Note Income and EDdoivmellts from: Charitable activities Other trading activities 533,093 71,710 384.968 295 918,061 3,326,272 92.561 Total income 604 803 385.263 990,066 3,418,833 Expenditure on: Charitable activities 823,216 456.790 1,280 006 2,819,527 Total expenditure 823,216 456 790 1.280.006 2,819,527 Net (expenditure)/income Transfers between fvnds (218,413) 158,725 (71.527) 158.725 {289.940) 599,306 Net movement in funds {59,688) (230.252) (289.940) 599,306 Reeonciliation of funds Total funds brought forward 1.994.257 131.349 1862 908 1,263,602 Total funds carried forward 15 1.934 569 361601 1,572,968 1,862,908 Unrestricted funds Total 2023 Restricted funds Note Income and EDdowments from: Charitable activities Other trading activities 2,371.732 89.369 954,540 3,326,272 92.561 Total income 2 461 101 957,732 3,418,833 Expenditure on: Charitable activities .474,812 1344 715 2 819 527 Total expenditure 1474,812 ,344.715 2,819.527 Net incomel(expenditure) TTansfers between fvnds 986,289 (386,983) 59,834 599,306 Net movement in funds 1.046.123 (446.817) 599,306 Reconciliation of funds Total funds brought forward 948 134 315,468 1,263.602 Total funds carried fonvard 15 1.994257 (131,349) 1,862.908 All of the charity's activities derive from continuing operdtions during the above two periods. The funds breakdown for 2023 is shown in note 15. The notes on pages 12 to 22 forn] an integral part of these financial statements. Page 9
Ashiana Community Project (Registration number: 03251512) Balance Sheet as at 30 September 2024 2024 2023 Note Fixed assets Tangible assets 515.260 551,930 Current assets Debtors 12 79,747 1,667 150 1,746,897 740,607 1,516,742 2,257,349 Cash at bank aTkd in hand 13 Creditors: Arnoullt5 falling due withiD one year 14 689,189 946,371 Net current assets 1057 708 1,310.978 Net assets 1,572,968 1,862 908 Funds of the charity: Restricted income funds Restricted funds (361,601) (131,349) Unrestricted illeome funds Unrestricted funds 1,934,569 1994,257 Total funds 15 1.572,968 1862 908 For the financial year ending 30 September 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small COTnpanies. Directors, responsibilities-. The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476- and The directors acknowledge their rcsponsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The financial statements on pages 9 to 22 were approved by the trustees, and authorised for issue on 2 May 2025 and signed on their behalf by.. Mr Naeem Qureshi Trustee The notes on pages 12 to 22 fortn an integral part of these financial statements. Page 10
Ashiana Community Project Statement of Cash Flows for the Year Ended 30 September 2024 2024 2023 Note Cash flows from operating activities Net ¢h (expenditure)/income (289,940) 599,306 Adjustments to cAsb flows from non-cash lteS Depreciation 4.035 (285.905) 12,929 612,235 Working capital adjustments Decrease/{increase) in debtors (Decrease)lincrease in creditors 12 660,860 257,182 {353,289) 816 501 14 Net cash flows from operating activities 117,773 1,075,447 Cash flows from investiug aetivities Purchase of tangible fixed assets Sale of tangible fixed assets (1,949) 34.584 {20,950) Net cash flows from investing activities 32,635 Net increase in ch and cash equivalents 150,408 1,054,497 Cash and cash equivalents at l October 1.516,742 462,245 Cash and cash equivalents at 30 September 1,667,150 1,516,742 The notes on pages 12 to 22 forrn an integral part of these financial statements. Pagell
Ashiana Community Project Notes to the Financial Statements for the Year Ended 30 September 2024 I Charity status The charity is limited by guarantee, incorporated in England, and Consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation. The address of its registered office is.. 21-25 Grantham Road Sparkbrook Binningham BII ILU These financial statements were authorised for issue by the trustees on 2 May 2025. 2 Aeeoullting policies Summary of significallt accounting policies and key 2cfollntit)g estimates The principal accounting policie5 applied in the preparation of these financiaI statements are set out below. These policies have been consistently applied to all the year5 presented, unless otherwise stated. Statemellt of eompliallce The financial statements have been prepared in accordance with Accounting and Reporting by ChaTities.' Statement of RecoJnmended Practice {applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparatiou Ashiana Community Project meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going eollcerll The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of &5sets held by the charity. Income 2nd endowments Expellditure All expenditure is recognised once there is a legal or constrnctive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure headtng that aggregate similar costs to that category. Where costs cannot be directly attrtbuted to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spenL and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Page 12
Ashiana Community Project Notes to the Financial Statements for the Year Ended 30 September 2024 Charitable aclivities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support Costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating propeity costs by tIoor areas. or per capita. staff costs by the time Spent and other costs by their usage. GoverDaDce costs These include the costs attributable to the charity's compliance with constitutional and statutory requirements. including audit, strategic management and trustees meeting5 and reimbursed expenses. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax PUTposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Cotpordtion Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fiIed assets Individual fixed assets costing £0.00 or more are initially recorded at cost. less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreeiation alld amortisation Depreciation is provided on tangible red assets so as to write off the cost or vaIuation. less any estimated residual value, over their expected useful economic life as follows= Trade debtors Trade debtors are amounts due from customer5 for merchandise sold or services perfonned in the ordinary course of business. Trade debtors are recolS¢d initiaIly ai the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairnlent. A provision for the impaTrment of trade debtor5 is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Cash and cash equivalellts Cash and cash equivalents comprise cash on hand and call deposits. and other short-terni highly liquid investments that are readily convertible to a known atnount of cash and are subject to an insignificant risk of change in value. Page 13
Ashiana Community Project Notes to the Financial Statements for tbe Year Ended 30 September 2024 Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after ih- reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date. they are presented as non-curtent Itabilities. Trade creditors are recognised tnitially at the transactlon price and subsequently measured at amortised cost using the effective interest method. Borrowings Interest-bearing borrowings are initially recorded at fair value, net of transaction 5t5. Interest-bearing borrowings are subsequently Caled at amortised c05t, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Swement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Foreign exchange Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaetion. Monetary assets and liabilities denominated in foreign currencies at the balance Sheet date are reported at the rates of exchange prevailing at that date. The results of overseas operations are translated at the average rntes of exchange during the period and their balance sheets at the rates ruling at the balance sheet date. Exchange difference5 arising on translation of the opening net assets and results of oveTseas operations are reported in other COTnprehensive income and accumulated in equity {attributed to non-controlling interests as appropriate}. Other exchange difference5 are recognised in the Statement of Financial Activities in the period in which they arise except for: l ) exchange differences on Iransactions entered into to hedge certain foreign currency risks (see above). 2) exchange differences arising on gains or losses on non-monetary items which are recognised in other comprehensive income- and 3} in the case of the Consolidated financial statements, exchange diffeTences on monetary items receivable from or payable to a foreign operation for which settlement is neither plajmed nor likely to occur (therefore fomiing part of the net investment in the foreign operation), which are recognised in other comprehensive income and reported under equity. Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Page 14
Ashiana Community Project Notes to the Financial Statements for the Year Ended 30 September 2024 Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. FiDaDcial instruments Classifiealion Financial assets and financial liabilities are recognised when the charity becomes a paty to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Recognition and measurement All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or 105s, which are initially meLsured at fair value (which is nonnally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an aangemellt constitutes a financing transaction, the financial asset or financiaI liability is measured at the present value of the future payments discounted at a maTket rate of interest for a similar debt insttument. Financial assets and liabilities are only offset in the ststement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of oNershIP of the financial &5seL or c) the charity, despite having retained some. but not all, significaTht risks and rewards of ownership. h&s transferred control of the wet to another party. FinanciaI liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. Page 15
Ashiana Community Project Notes to the Financial Statements for the Year Ended 30 September 2024 Debt instruments Debt instruments which meet the following conditions are subsequently me&sured at aTnortised cost using the effective interest method: (a} The contractual return to the holder is (i) a fixed amount. (ii) a positive red rate or a positive variable rate. or (iii) a combination of a positive or a negative fixed rate and a positive variable rdte. {b) The contract may provide for repayments of the principal or the return to the holder (but not both) tr> be lird(ed to a single relevant observable index of general price inflation of the cuencY in which the debt instrument is denominated, provided such links are not leveraged. (c) The contrdct may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on futUTe events other than { l) a change of a contractual variable rate. (2) to protect the holder against credit deterioration of the issuer- (3) changes in levies applied by a central bank or arising from changes relevant taxation or law. or (li) the new rate is a market rate of interest and satisfies condition (a). (d) There is no contractual provision that could. by its ternis, result in the holder losing the prÉn¢ipal amount or any interest attributable to the current period or prior periods. (e) Contractual provisions that peIt the issuer to prepay a debt instrument or perniit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law. (O Contractual provisions may perniit the extension of the term of the debt instrumenL provided that the return to the holder and any other contractual provisions applicable during the extended terni satisfy the conditions of paragraphs (a) to (c). Debt instruments that are el&8sified as payable or receivable within one year on initial recognition and which meet the above condition5 are me&8ured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impaimient. With the exception of some hedging instruments. other debt InStments not meeting these conditions are measured at fair value through profit or loss. Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impainnent. InvesÉments Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairnient. Investments in subsidiaries and &ssociates aTe measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal vaIue of the shares issued plus fair value of other con5iderdtion. Any premium is ignored. Page 16
Ashiana Comn]unity Project Notes to the Financial Statements for the Year Ended 30 September 2024 Derivativefinancial inslruments The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative fmancial instruments for speculative purposes. Derivatives are initially recognised at faiT value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship. Fair value measurement The best evidence of fair value is a quoted price for an identical &sset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair vue as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value. the fair value is estimated by using a valuation technique. 3 Income from cbaritable activities Unrestrtcted funds Gener21 Restricted fullds Total 2024 Grant Income Forward Carers Service Payments 533,093 396,668 11,700 384.968 929,761 11,700 918,061 533.093 Unrestrieted fuDds GeDeral Restrieted funds Total 2023 Grant Income Forward Carers Service Payments 2.371.732 929,550 24,990 954 540 3,301,282 24,990 3.326,272 2,371.732 Page 17
Ashiana Community Project Notes to the Financial Statements for the Year Ended 30 September 2024 4 Income from other trading 2Ctivities Unrestricted funds Total 2024 Total 2024 Restricted funds Other trading activities Roorn Hire Other Income (116) 411 (116) 32.680 24.993 4,436 46,608 37,247 4,270 92,561 32,269 24.993 Service Payments Bank Interest 71.710 295 72,005 S Expenditure on charitable activities Unrestricted fuuds GeDeral Restricted funds Total funds Note Allocated support costs Governance costs 161,119 42,641 124 161,243 378 Total for 2024 203.760 502 204,262 Total for 2023 24,313 557,140 581,453 In addition to the expenditure analysed above, there are also governance costs of £43,019 {2023 £581,453) which relate directly to charitable activities. See note 6 for further details. 6 Analysis of governance and support Costs Unrestricted funds General Restricted funds Total fllnds Legal fees Marketing and publicity Depreciation, amortisation and other similar costs Other govemance costs Allocated support ¢osts 3,950 2.354 4.036 123 32.178 2.338 40 6,288 2,394 4,036 123 30,178 2,000 Total for 2024 42.641 378 43,019 Total for 2023 557.140 581,453 Page 18
Ashiana Community Project
Notes to the Financial Statements for the Year Ended 30 September 2024
7 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
8 Staff costs
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
| charity during the year expressed as full time equivalents was as follows: | |
|---|---|
| 2024 2023 |
|
| No No |
|
| Staff Headcount | 30 42 |
There were no emoluments of staff where the salary was within the range of £60,000 to £69,999 during the year (2023 - one in the range £60,000 to £69,999).
9 Taxation
The charity is a registered charity and is therefore exempt from taxation.
Page 19
Ashiana Community Project Notes to the Financial Statemeuts for the Year Ended 30 September 2024 10 Tangible fixed assets Land and buildings Furniture and Other tangible equipment fixed asset Total Cost At l October 2023 500,000 129.871 1.949 41.621 28.077 657.948 1,949 99,249 Additions Disposals 57.628 At 30 September 2024 500.000 90,199 29,551 560,648 Depreeiation At l October 2023 103,358 4.035 21,316 2.660 106,018 4,035 64,665 Charge for the year Eliminated on disp05ais 43,349 At 30 September 2024 86,077 40,689 45.388 Net book value At 30 September 2024 500.000 4.122 11,138 515 260 At 30 September 2023 500 000 26.513 25.417 551.930 11 Debtors 2024 2023 Trade debtors Recoverable on long-terni contracts Prepayments Other debtors 25,759 15,423 7,065 31,500 79,747 189,552 2,744 548,311 740,607 12 Cash and cash equivalents 2024 2023 Cash on hand Cash at bank 830 1,666,320 1667,150 830 1,515,912 1.516.742 Page 20
Ashiana Community Project Notes to the Financial Statements for the Year Ended 30 September 2024 13 Creditors: amounts falling due within olle year 2024 2023 Trade Creditors Other taxation and social security Other creditors 6,000 11,193 35,551 636,445 689,189 30,144 Accruals 916,227 946,371 14 Fulld5 Balance at 30 September 2024 Balallee at I October 2023 Ineoming resourees Resources expellded Transfers Unrestrieted fullds General 1.994.257 604.803 (823,216) 158,725 1,934,569 Restricted funds 131,349 385.263 456,790 158.725 361601 Total funds 1862.908 990,066 1.280.006) 1,572,968 Balance at 30 September 2023 Balance at I October 2022 IncomiDg resources Resources expended TraDsfers Unrestricted funds General 948.134 2.461,101 (1,474,812} 59,834 1.994,257 Restricted funds 315,468 957 732 1.344,715 59,834 131.349 Total funds 1.263.602 3.418.833 2,819,527 1,862,908 IS knalysis of net assets between fuuds Unrestricted funds Gener21 Total fuDds at 30 September 2024 Restricted funds Tangible fixed assets Current assets Current liabilities 515.260 1.690.769 68,029 515,260 1,746,897 689,189 56.128 621,160 Total net assets 2 138,000 565,032 1,572,968 Page 21
Ashiana Community Project Notes to the Financial Statements for the Year Ended 30 September 2024 Unre5trieted fullds General Total funds at 30 September 2023 Restricted funds Tangible fixed assets Current assets Current liabilities 551,930 2,095,056 350,144 551,930 2,257,349 946,371 162,293 596.227 Total net assets 2,296.842 433 934 1,862,908 16 Related party transactlolls There were no related party transactions in the year. Page 22
Ashiana Community Project Statement of Financial Activities by fund for the Year Ended 30 September 2024 Unrestricted Funds Total Totgl Unrestricted Unrestricted Funds Funds 2024 2023 Income and Endowmellts from: Charitable activities Other trading activities 533,093 71,710 2,371,732 89.369 Totsl income 604,803 2.461.101 Expellditure on: Charitable activities 823,216 .474,812 Total expenditure 823 216 1474,812 Net (expenditure)/income Transfers between funds {218.413) 158,725 986,289 59,834 Net movement in funds (59,688) 1,046,123 Reconciliation of funds Totsl funds brought forward 1994,257 948 134 Total funds carried forward ,934,569 1,994,257 This page does not fom part of the statutory financial statements. Page 23
Ashiana Commllnity Project Statement of Financial Activities by fund for the Year Ended 30 September 2024 Restricted Funds Total Restricted Funds 2024 Total Restrieted Fullds 2023 Income alld Endowments from: Charitable activities Other trading activities 384,968 295 954,540 3,192 Total income 385.263 957 732 Ixpenditure on: Charitable activities 456 790 1.344,715 Total expenditure 456,790 1344715 Net expenditure Transfers between funds (71,527) 158,725 (386,983) 59,834 Net movement in funds (230,252) (446.817) Reconci]iation of funds Totsl funds brought fotward 131349 315,468 Total funds carried fonvard 361,601 131,349 This page does not forni part of the statutory financial statements. Page 24
Ashiana Community Project Detailed Statement of Financial Activities for the Year Ended 30 September 2024 Total 2024 Total 2023 Income alld Elldowments from: Charitable activities (analysed below) Other trading activities (analysed below) 918,061 72,005 3,326,272 Total income 990,066 3.418,833 Expenditure on: Charitable activities (analysed below) 1,280 006 2 819 527 Total expenditure 1280 006 2,819,527 Net (expenditure)lincome 289,940 599,306 Net movement in funds (289,940) 599,306 Reconciliation of funds Total funds brought forward 1.862.908 1,263 602 Total funds carried fonyard 1.572 968 1862 908 This page does not forni part of the Statutory financial statements. Page 25
Ashiana Community Project Detailed Statement of Financial Activities for the Year Ended 30 September 2024 Total Total Unreslricted Gener21 Restrieted funds 2024 2023 Chariloble activities Grant Income 533,093 396,668 11,700 384.968 929,761 11.700 918,061 3,301,282 24,990 3 326,272 Forward Carers Service Payments 533.093 Oiher trading activities Room Hire Other Income Service Payments Bank Interest {116) 411 (116) 32,680 24,993 14.448 (4,436) 46.608 37,247 4,270 92,561 32,269 24,993 14,448 71,710 295 Charitable activities X-cite {56,865) { 1,000) (8,686) (55,612) {65.551} (56.612) (919.200) (53,811) (302) {4,800) ESF Prosperous Purch&8e5 ESF Positive Futures Delivery Subcontract cost {Profit)Iloss on disposal of tangible fixed assets Rent (3,340) (3,340) (34,584) (40,434) {4,349) (4,484) (34,584) (40,915) (4,349) (4.564) (481) {34,862) (5.371) (5,272) (2,078) {4,438) (10,441) Rates Insurance Repairs and maintenance Premises expense5 Telephone and fax {80) (9.302) (11.282) (9,302) (11.330) (48) This page does not forni part of the statutory financial statements. Page 26
Ashiana Community Project Detailed Statement of Fin2ucial Activities for the Year Ended 30 September 2024 Computer software and maintenance costs (20.488) (2.269) (7.761) (20,488) {2.279) (7,942) (7,902) (3,623) (7,793) Printing, postage and stationery Trade subscriptions Hire of plant and machinery (Operating leases) Cleaning Health & Safety Motor expenses Travel and subsisten¢e Events & Activities Wages and salaries Staff NIC (Employers) Staff pensions (Defined contribution)- pension scherne I Staff training Light, heat and power Customer entertaining (disallowable frir tax) Bad debts written off Advertising Consultancy fees Legal and professional fees Bank charges Depreciation of plant and Tnachinery Accountsncy fees (io) (181) (2,587) (2,587) (3,248) (1,979) (218) (3,664) (5,529) (73,596) {960,152) (74,701) (1,836) (912) (2,792) (37,944) (319,582) (22,608) (1,836) (912) {3,338) (44.248) (667,677) (50,257} (546) {6,304) (348,095) (27,649) (5,431) (1,596) (28,010) (5,733) (2.863) (11,164) (4,459) (28.010) (15,272) (15,110) (24.711) (194) (160,925) {2.354) (17,760) (3,950) (123) (4,036) 14,418 823,216 (124) (318) (160,925) (2,394) (15,760} (6,288) (123) (4,036) 14,418 1,280,006 (40) 2.000 (2,338) (2,782) (539.709} (3,684) (475) (12,927) 21,876 2,819,527 456,790 This page does not fom part of the statutory financial statements. Page 27