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