Company Registration No: 2019000 Charity Registration No. 294516 ASHA PROJECTS (A Company Limited by Guarantee) TRUSTEE'S REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2D24 BHARAT SHAH & CO Chartered Accountants 786 London Road Thornton Heath Surrey. CR7 SJB
ASHA PROJECTS FOR THE YEAR ENDED 31ST MARCH 2024 CONTENTS PAGE NO Legal and Administrative information Trustee's report 2-8 Independent Examinerfs report 9-10 Statement of Financial Activities ststement cf Financial Position 12 Notes to the financial statements 1>18
PAGE 1 ASHA PROJECTS Company Infomiation Chari Number 294516 Com re istration number 2019000 Re istered office 13 Shrubbery Road London SW16 2AS Trustees Mana ement Committee P. Vadgama S. Anitha - (resigned 31.03.20241 K. Chahel B. Ahmed C. Dagli J. Kalathil Senior staff Members I Patel J Chana V. Maharaj Inde endent Examiners Bharat Shah & Co Chartered Accountsnts 786 London Road Thornlon Heath Surrey CR7 6JB Bankers The Co-operative Bank plc l Balloon Street IPianchester M60 4EP
PAGE 2 ASHA PROJECTS TRUSTEES, REPORT FOR YEAR ENDED 31ST MARCH 2024 The trustees present their annual report and accounts for the year ended 31st March 2024. The financial statements comply with the Companies Ad 2006, governing documents. Accounting and Reporting by Charities: Statement of Recommended Practi (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. Structure Governance and Mana ement Governin document Asha is a charitable company limited by guarantee, incorporated in 1986. We are governed by a Memorandum and Articles of Association. Our charitable objects, as stsled in the Memorandum of Association are to advance education, relieve povety, sickness, the protection of health, and to pursue any other charitable purpose for the benefit of the community with a particularfocus on women of South Asian origin in the UK. Recruitment and A iniment of trustees The directors of the company are also Gharity trustees. Under our Articles of Association, they are known as members of the management committee and hold office until the end of the next Annual General Meeting {AGM), with the option of re-election. We select trustees based on their expertise, knowledge. skills, and dedication to Asha's charitsble goals. All new trustees receive training, and ongoing training and support are available to all members. The trustees meet at least quarterly to.. Oversee strategic direcb"on, Set policies. delegating responsibilities, Monitor performance. Ensure responsible management of Asha's resoUrs. Financial Governance To enhance financial govemance, we have implemented pro¢edures to: Establish clear delegations of authority over financial matters Control income and expendilure Protect our assets Implement robust budgeting and financia5 management practices. While the management committee bear overall responsibility forAsha, they delegate the day-to-day running of the organisation to the Director.
PAGE 3 ASHA PROJECTS TRUSTEES, REPORT FOR YEAR ENDED 31<Y MARCH 2024 (CONTINUED) Risk Mana ement Risk management is an ongoing priorty forAsha. We conduct regular risk assessments including business continuity planning, operational protocols, and health and safety assessments. This proactive approach ensures that risks are identified, assessed and mitigated effectively. anisational Structure Asha's Management Committee provides overall direction and strategic focus. The director together with the housing and counselling manager, and front-line staff are responsible for the day-to-day operations. Vision Aims and Ob'ectives Our vision is to live in a just and sustainable world. Our mission is to challenge inequalities and empower South Asian women to build lives free of violence, oppression. and exploitstion. Key aims". Support and empower South Asian women experiencing domestic abuse. Advocate for Justi for women at policy level. Strengthen Asha's organisalional and economic sustainabilty- Foster partnerships and collaborations with other organisations. Our activities Asha operates from four sites= a resource ntre and three refuges consisting of 19 bed spaces. We offer.. Safé temporary accommodation (refugès) Infomiation and advice Counselling programme Training programmes on issues relevant to South Asian women Recognising the unique challenges faced by South Asian women, including cultural, linguistic, and religious barriets, as well as discrimination based on ethnicity, race, and economic inequality, Asha provides culturally sensitive support. This South Asian-led approach ensures women can aC$S support in their preferred languages, within a culiurally familiar and safe environment.
PAGE 4 ASHA PROJECTS TRUSTEES, REPORT FOR YEAR ENDED 31ST MARCH 2024 (CONTINUED) Volunteer Su ort Asha is committed to volunteets who contribute to our mission. Their diverse knowledge, skills and experiences, enrich and expand the resources of the organisation. We actively encourage our ex-residents and ex-clients to volunteer. This provides them with opportunities to: Develop their skills and knowledge to help build confiden, gain new skills and enhance employability. Explore career paths so that volunteers can gain work experience leading to job opportunities within Asha or other organisations. Contribute to organisational governance by ex-residents joining the management committee bringing invaluable lived experients to the management commtttee, informing our decision making and programme delivery. Support otherwomen survivors. This input and peer to peer support are crucial in providing support and guidance to current residents. Achievements and Performance Asha Projects is a "by and for" South Asian women organisation. dedicated to ending gender-based Violen against women and girls (VAWGI. With nearly 40 years of experien, we have an understsnding of the complex issues surrounding VAWG within South Asian communities. We recognise the critical importance of specialised organisations that go beyond simply providing language services and inlerpretation. Asha offers crucial support grounded in a profound understanding of the unique socio-cuttural norms, values. and challenges faced by South Asian women. Our participatory support systems are designed to be women-friendly, empowering individuals lo actively engage in their own recovery and empowerment. We address the diverse needs of each woman based on her unique experiences. ensuring personalised, non-judgemental and culturally sensitive approach. Shared understanding and peer support are vital components of our approach. This fosters a trusted and safe environment, allowing women to escape violent relationships that have devastating impacts on their physical and mentsl health. Through our collective efforts, vulnerable women are empowered to rebuild their confiden, strengthen their relationships, and create a brighter future for themselves and their children. Continued funding received from the GLAIMOPAC safe accommodation domestic abuse funding, facilitated through the OYA consortium, with Latin American Women's Aid ILAWAI as the lead has enabled us to provide much-needed wrap-around holistic support to women and their children living in the refuges. In the year April 2023 lo March 2024, Asha provided advice, information, and support to 563 women. During this period, we supported 39 women and their 7 children at our refuges and provided ongoing support to 42. On top of these 5 other women had their children living with their fathers, or grandparents or relatives abroad in their home countries.
PAGE 5 ASHA PROJECTS TRUSTEES, REPORT FOR YEAR ENDED 31ST MARCH 2024 {CONTINUED) 41 women received spÈ¢ialisl immigration advice, ensuring their a¢sS to ststutory support. 28 of these women successfully changed their immigralion ststus. Additionally, 45 women and 10 children received in-house counselling support. Ofthese, 35 women and 8 children reported improved mental health and overall well-being. One of the most significant barriers fad by women seeking refuge is the severe shortage of available bed SpaS, particularly for those requiring specialized support. The current fvnding structure for fUge$ is precarious, with short-term commissioning cycles (typically three years or less) leaving many organisations operating on a year-to-year basis. This lack of long-lemi fLJnding security creates instability for both us and the women we support. Securing sustsinable financial support is crucial bul challenging, particularty in the current environment. Of the 77 women seeking refuge space during this period, we were only able to accommodate 20 new women and their children. This highlights the urgent need for increased refuge capacity to meet the growing demand for safe and supportNe accommodation. Accessing statutory services and support systems remains a significant challenge for many women we support. Barriers such as language barriers, racism, and cuttural insensittvtywtthin these systems can create significant obstacles for women in acSsIng essential services like healthcare and housing. This places a significant burden on our stsff who must advocate on behalf of their clients to navigate these complex systems and ensure access to the support they need. Securing access to safe and affordable housing is crucial for survivors, long-term recovery. However. finding suttable and secure housing remains a significant challenge, particularly for single women. While we are fortunate lo have a strong partnership with Lambeth Council, which provides access to social housing for worrt.en leaving our commissioned ServiS, accessing housing in other boroughs can be a complex and distressing experience. Many women encounter significant barriers. including= Navigating multiple housing departments and meeting eligibility criteria can be time- consuming and overwhelming. Some housing staff may lack the understanding and sensittvity required to suppori survivors of domestic abuse. The lack of affordable and long-term housing options can lead to women being placed in unsuitable accommodation, such as emergency or temporary housing, r)r expensive private rentsls wilh limited security. Women from South Asian backgrounds may face additional barriets due to racism and discrimination wil.hin the housing system. This experience can be incredibly stressful, instilling a sense of powerlessness and resulting in deterioration of their mental and physical health and can SFgn1fnlY impact survivors, recovery and their abilty to rebuild their lives.
PAGE 6 ASHA PROJECTS TRUSTEES, REPORT FOR YEAR ENDED 31sf MARCH 2024 (CONTINUED) To address these critical issues, Asha will continue to advocate for.. Increased and sustained funding for refuge services. Improved inter-agency collaboration. Advocating for increased a¢$S to affordable and secure housing options Challenging systemic racism and discrirnination. The cost-of-living crisis continues to have a compounding impact on women experiencing domestic abuse, exacerbating existing inequalities and increasing vulnerability- Through the Covid-19 extension funding reiVed via the OYA consortium, we were able to continue providing essential support to women experiencing domestic abuse. The ongoing cost-of- living crisis deeply impacts our clients, staff, and the organisalion. This funding significantly increased the resources available within the refuge. To support women facing these unprecedented challenges, We partnered with food banks, utilised our internal hardship fund, and actively sought donations. We provided food, toiletries, clothiftg, bedding, and other essential items to women and children residing in the refijge. By addressing these immediate needs, we allevtated financial stress and enabled women to focus on their recovery. Stsff well-being was also prioritised.. We provided the necessary support for staff to work frorn home, ensuring their safety and well-being during the pandemic. Regular clinical supervision provided staff with guidan and opportunities to develop skills in culturally appropriate, trauma-infonned care, leading to improved case management and better outcomes for women. Feedback from staff indicated that thts structured support significantly improved their mental health and reduced stress levels. FurtherrTh)re, we obseNed a significant inGrease in requests for information and advice on-. Debt management Council tax redudion Rent arrears Escalating utility costs Recruiting and retaining qualified staff, particularly those who can provide culturally specific, bilingual, and trauma-informed support, remains a significant challenge. To address this, we will continue to invest in staff development and prioritise staff well-being to attract and retain them.
PAGE 7 ASHA PROJECTS TRUSTEES, REPORT FOR YEAR ENDED 31ST MARCH 2024 (CONTINUED) Asha continues to actively collaborate with agencies and partners who share our vision, fostering solidarity, resource-sharing, and a consistent. holistic approach to meet the needs of South Asian women. We work collaboratively both locally and London-wide, notably contributing to the OYA Consortium, a group of four.by and fol. black and minoritised VAWG organisations in London. Looking ahead: Continue strengthening our organisational sustainability. Continue supporting women during the cost-of-living crisis by building hardship funds to provbde essential support to women facing financial difficulty. Continue advocating for aCSS to afft)rdable and secure housing. The trustees would like to extend our heartfelt thanks to our funders and supporters for their ongoing support. We also want to acknowledge the dedication. commitrnent, and inspiring efforts of our staff and volunteers, who have done an exceptional job, especially during these trying limes. Also, a thank-you to S. Anitha, management committee member who resigned at the end of the year for her, dedication, commitrnent and support to Asha. Financial review The year April 2023 to March 2024 saw a slight increase in the charity's activities, with income rising from £646,319 to £769,147, an increase of £122,828. The charity provides pension scheme contributions for our employees, which are reflected in the statement of financial activities for the year. The charity has no other liabilities under this scheme beyond these contributions. The trustees have carefully evaluated the charity's need for reseNes and established a policy to build the following fvnds= Hardship Fund: To provide critical support to women facing financial hardship. such as those impacted by the cost-of-liying crisis. Employer's Contractual Obligations Fund-. To ensure the fulfilment of all employee- related obligations and salary contingency. Propety, programme and Capacity Building Fund.. To support future propety purchase, the development and implementation of new programmes and enhan the organisalion's overall capacity. Owning our own property in the future, will provide greater autonomy, stability, and long-term sustsinabilty for the organisation. We will continue to build our general funds to ensure that we have sufficient reserves to cover unforeseen emergencies and unplanned expenditure.
PAGE ASHA PROJECTS TRUSTEES, REPORT FOR YEAR ENDED 31ST MARCH 2024 {CONTINUED) Statement of Trustees. Res onsibilities The trustees (who are also directors of Asha Projects for the purposes of company law) are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitsble oompany and of the incoming resou$ and application of resources, including the income and expenditure, of the charitable company for the financial year. In preparing these financial statements, the trustees are required to= select suitable accounting policies and then apply them consistently., obseNe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent., state whether applicable Accounting Standards have been followed, subject to any material departures disclosed and explained in the accounts., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al any time the financial position of the Charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets ofthe charitable company and hence for taking reasonable steps for the prevention apd detection of fraud and other irregularities. In so fav as :he trustees are aware: there is no relevant accounting infomation of vihich the charitable company's examiners are unaware,. and the trustees have taken all step5 that they ought to have taken to make themselves aware of any relevant accounting information and to establish that the examiners are aware of that infomation. intment of Inde endent Examiner Bharat Shah Chartered Accountsnt has expressed his willingness to stand frjr reappointrnent and a resolution proposing his reappointment will be put forward at the Trustees Meeting. Approval 17.jl g* This report was approved by the Trustees on ...................... signed on their behalf. On behalf ofthe board Chairperson Uvadgama
PAGE 9 ASHA PROJECTS INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES OF ASHA PROJECTS I report on the accounts of the charity for the year ended 31 March 2024. which are set on pages 11 to 18. Res ective res onsibilities of Trustees and examiner The charty's trustees (who are also the directors of the company for the purposes of company lawl are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity's gross income exceeded £250,000 and l am qualified to undertake the examination by being a qualified rnember of ICAEW. Having satisfied rnyself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility lo: Examine the accounts under section 145 ofthe 2011 Act Follow the procedures laid down in the general Directions given by the Charity Commissioft under section 145 (5){bl of the 2011 Act-, and State whether particular matters have CDme to my attention. Basis of inde endent examiners, re ort My examination was carried oul in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as the trustees concerning any such matlers. The procedures undertaken do not provide all the evidence that would be required in an audit and Gonsequently no opinion is given as to whether the accounts present a 'true and fair view. and the report is limited to those matters set out in the statement below. Inde endent examiners, statement In connection with my examination, no matter has come to my attention: 1) which gives me reasonable cause to believe that, in any material respect. the requirements= to keep accounting records in accordan with Section 386 of the Companies Act 2006., and to prepare accounts which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charities. have not been met, or
PAGE 10 ASHA PROJECTS INDEPENDENT EXAMINERS, REPORT TOTHE TRUSTEES OF ASHA PROJECTS (CONTINUED 2) to which, in rny opinion, attention should be drawn in order to enable a proper understanding of the ac¢ounts to be reached. Bharat Shah (Independent Examiner) For and on behalfof Bharat Shah & Co Chartered Accountants 786 London Road Thornton Heath Surrey. CR7 6JB
ASHA PROJECTS PAGE11 Statemènt of financial activities Income and Ex enditure aceounts For the ear ended 31 March 2024 Parbculars Unrnstrirted Funds Restricted Funds 2024 Total 2023 Total Notes Incomin resources Charitable Tr3di Rental Income Income from Solace Women's A Grant Inccxne ILAWAI Management F¢e- Metropolitsn Thames Valley Housirtg Sp¢¢valist Refuges Funding Specialist Counselling er In¢ome Bank Interest Sundry In¢om& 366,515 93,606 366.515 93,606 45,066 5,304 180.704 75,709 246,468 91,323 45,066 5,304 180,704 75.709 [21 [21 45,066 180.704 75,7()9 1.265 977 1,265 9T7 142 1,603 TOTAL INCOMING RESOURCES 467,668 301,479 769,147 646,319 RESOURCES EXPENDED Costs of Charitsble A¢trvItS Governance Costs 131 141 244,559 6,766 296.479 5,000 541,038 11,766 499,983 9,461 TOTAL RESOURCES EXPENDED 251.325 301,479 552,804 509,445 Surplus /(Def11> for the yoar Before tfftnsfers be1ween funds 216343 216,343 136,875 Transfers between Funds Totsl Fund$ Brought tOard 398,594 398,$94 261,719 Total Funds Carried forward 614,937 614.937 398.594 Continuing operations None of the companys a1ve5 were acquired or di5conlinu¢d during the Current and previous years. T¢)tal rè¢ognisd gains and losses The company has rto rec(yJnised gains or105ses other th8n the surplus for the CUnI and previous years.
ASHA PROJECTS Ststement of Financial Position As At 31 Mah 2024 PAGE 12 2024 2023 NOTES Fixed assets Tangible Assets 1081 4,141 4.676 Current assets Debtors Cash * bank and in hand 1091 56,536 722.060 778,596 19.197 561,695 580,892 rs.. Amount faNin due wthin one ear 1101 (167,8021 {186.975 Net curr assets 610.7 393,918 Ne 814,937 398,594 Funds Unrestricted Funds Restricted Funds 1111 112] 614,937 398,594 Total Funds 614,937 398,594 For the year ending 31 Mar¢h 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small MpanIeS. Directors, responsibilities-. 11 The members have not required the eompany to obtsin an audit of its accounts for the year in question in accordance with seclton 476 21 The directors acknowledge their responsibilities for complying with the requirements of the AGt with respect lo a¢¢ounting records and the preparation of accounts. These accounts have been prepared in accOrdare with the small companies, regime. The accounts were approved by the Twstees o and signed on their behalf by Chairperso adgama
ASHA PROJECTS Notes to financial slatements For the ear ended 31 March 2024 PAGE 13 Accounting policies 1.1 Statu5 of the company Asha Projects is a company limited by guarantee and accordingly does not have a share capital. Every member of the ¢ompany undertakes lo Contribute an amount not exceeding £1 tt)w3rds any deficit arising in the event of the company being wound up. 1.2 Basis of PTeparation The financial statements have been ppared in accordance with Accounting and Reporting by Chartties.. Statement of Recommended Practice applicable to charities preparing their accounts in &cordance with the Financial Rèporting Stsndard applicable in the UK and Republic of Ireland {FRS 1021 issued on 16 July 2014, the Financial Rerxjrting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102}, and the Companies Act 2006. The Trustees Confirm that they have reasonable expectation that the company has adequate resources to continLJe in operational existence for the forseeable future. For this reason, it continues to adopt the going ¢oncern basis in preparing these financial statements. 1.3 Reconciliation 'th previous Generally Accepted Accounling Practice In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charrties SORP FRS 102 a restatement of comparative iterns was needed. No restatements were required. 1.4 Incoming resource5 All incoming resources are induded in the statement of financial activities when the charity is entided to the income arrd the amount ¢an be quantified with reasonable aecuracy. 1.5 Resources expended Expendtture is recogni$ed on an accwai basis as a liability is incurred. Charitable expenditure comprises those costs incurred by the charty in the delivery of its 8Ctivities and sevices for ils beneficiaries. 1.6 Tangiblé fixed assets and depreciation Tangible fixed assets are staled at cost less accumulated depreciation. DeplatiOn is provided at rales calculated to write off the cost or valuation less residual value of each asset over its expected useful bfe, as foll¢)ws'. Fixtures, frttings & equipment- 200h R&ductng balance 1.7 Taxation The charity is CognIsed as 8 charity for the purposes of applicable taxation legislation and is not therefore subject to taxation on its tharitable activities. The charity is not regislered for VAT and resources expended Iherelore include irrecoverable input VAT. 1.8 Funds All income and expenditure is dealt with through the SOFA. All funds are classified as restricted or unrestricted, defined as follows-. (a) Restricted funds are funé$ subject lo specifie declaration by the donor and expendable in furtherance of a particular activity. Ibl Unrestricted funds are expendable at the discretion of the Trustees in furtheran¢e of the aims of the charity. (¢1 Designated fun(Ss are unrestricted funds earmarked by the Trustees for a particular purpose.
ASHA PROJECTS Notes to financial staternents Continued Forthe ar ended 31 Mah 2024 PAGE 14 2. Inoome Unrestricted Restricted 2024 Fun Funds Total 2023 Total Receipts from Solace Women's Aid Grant Aid from MHCLG via LAWA Specialist Rèfuge Funding Specialist Cgunselling 93,606 93.606 45,066 180,704 75.709 395.08S 91,323 45,068 180.704 75,709 392,802 45,066 180,704 75,709 93,608 301.479 Income from Solace Women's Aid is as per contractual agreement between A%ha Project and SO1 Women's Aid. 3. Cost of Charitable Activities 2024 Totsl 2023 Totsl Staff Costs Premises Costs Office Costs Miscellaneous Expenses Housing Management Expenses Training and Management Committee Expense$ Travelling and transport Employee Support HR Staff Expenses Bank Charges Depreciation of Fixed Assets 2S2.666 141,003 18,254 3,263 99,862 12,503 23C),681 114,143 18,888 2,122 110,136 16,680 580 3,353 1,227 1.OD4 1,169 162 1.442 848 1,035 541.038 499,983 4. Governance Costs 2024 Total 2023 Total Payroll Fees Independent Examiner's Fees Bookkeeping fees Legal and Profession Fees 714 2.400 6,350 2,301 11,766 648 2,400 4.500 1,913 9,461 5. Net incoming resources for the year 2024 Net incoming reSoUe8 is stated after charying- Dapreciation and other amounts written off tangibb fixed assets 1,035 1.169
ASHA PROJECTS Notes to financial statsments Continued For the aar ende 31 March 2024 PAGE 15 6. Employees 2024 2023 Salaries and Wages Employeffs Nl oontributions Pension 190.989 16,842 30.677 238,508 185,043 17,016 28.621 230,681 7. Taxation No liability lo LIK corporation tax arises on ordinary activities for the current or previous year. The charity is registered with H M Revenue & Customs as charitsble so not lÉable to UK corporation tax. 8. Tangible fixed assets Fixtu$ & Fittin s Total Cost At 1 April 2023 Additions Computer Cost Al 31 March 2024 119,049 500 119,049 500 119,549 119,549 Deprerjatioft At 1 April 2023 Charge for the year 114.373 1,035 114,373 1,035 At 31 March 2024 115,408 115,408 Net book values Al 31 March 2024 Al 31 March 2022 4,141 4.676 4,141 4,676 Debtors 2024 2023 Debtors- Rent Reeeivable Prepayments 56,536 14,499 4.698 19.197 56.536
ASHA PROJECTS Notes to financial statements Continued For the ar ended 31 March 2024 PAGE 16 10. Creditors: amounts falling due within one year 2024 2023 Other Creditors and Deferred Income Other Taxation and Social Security Accruals 78.032 5,384 84,387 167,802 86,492 5,731 94,752 186,975 11. Unrestricted funds Opening Balan Closing Balance Income Exponses Transfers Renewal and replacemerrt fund Intemal deratIon fund Employers contractuai obligations Hardship Pro,PrOgraMme & Capacty Building Fund Total Designated Funds 21.9S3 18,000 75,000 6.000 18,000 138,953 21,953 23,100 122.000 8,500 38,000 213,553 5,100 47.000 2.500 20,000 74,600 General funds 259,641 467,668 1251,325) (74,600) 401.384 Total Unrestricted Funds 398.594 467,668 (251,3251 614,937 12. Restricted funds Opening Balance Closing Balance Income Expenses Transfers Restricted funds 13. Analysis of Net Assets Between Funds Unrestricted Restricted Funds Funds 2024 2023 Fixed Assets Cash at bank and in hand Other net current assetsllliabililiesl 4,141 722.060 (111,2661 614.936 4,141 4,676 722,060 561,695 (111,266) 1167.7771 614,936 398,594
ASHA PROJECTS Notes to financial statements Continued For the ear ended 31 March 2024 PAGE 17 Section 37 Notice 14. Analysis of spend of the Cowd exiension Grant Aid of £45,LE$ was received in year 2023124 from DLUCH GLA (Via Latin American Women's Aid ILAVVAII The following tsble illustrates what the money was awarded for and that it has been used for these purposes. Gran Granl s ent Total stsffing costs {Direct and indirect) 23,200 23,200 Additional Covid-19 related costs 8.785 8.785 Office equipmènt related costs 5,000 5,000 other costs 8,081 8.D81 Totsl cost of delivery 45,066 45,066 Section 37 Notice 14. Analysis of spend of grant Aid of £180.7Q4 was received in year 2023124 from GLAIMOPAC (via Latin American Women's dILAWA)} for Domestic Abuse safe accofftrnodation support (Service 11. The followftg lable illustrates wh* the money was awarded for and that il has been used for these purposes. Grant Grant s ent Total stsffing costs (Direct and Indireco 162,261 162,261 Totsl other costs 18,443 18.443 Total Cost of delivery 180,704 180,704
ASHA PROJECT Notes to fjnancial statements Continued For the ear end d 31 March 2024 PAGE 18 Section 37 Notice Grant Aid of £75,709 was received in year 2023124 from GLAJIAOPAC (via Latin American Women's Aid ILAWA)) Towards specialist counselling for women and children al the refijge (servi 21. The following table illusreates what the money was 8warded for and that it has been used for thèse purposes. Gran Grant s ent Total staffing costs {Dirèct and Indirect) 65,444 65,444 Total other costs 10,265 10.265 Totsl cost of delivery 75.7Q9 75,709
ASHA PROJECTS For the ear ended 31 Mar¢h 2024 INCOME AND EXPENDITURE ACCOUNTS PAGE 19 Unrestricted Restricted Fund Fund 2024 2023 INCOME Rentsl Income Income from Solace Women's Aid- Lambelh VAWG Services Grant Income ILAWAI Miscellaneous income - Donation Bank interesl received Management Fee-metropolitsn Thames Valley Housing Speeialist Refuge Funding Specialrst Counselling TOTAL INCOME 366,515 93,60S 366,515 93.606 45.066 977 1,265 5,304 180,704 75,709 769,147 246,468 91,323 45,066 1,603 142 5,304 180,704 75,709 646,319 45,066 977 1,265 5,304 180,704 75.709 467,668 301,479 Total 2024 Total 2023 EXPENDITURE PAYROLL COSTS Salaries and Wages Stsff costs - sessional, freelan¢e Employeis, NIC Pension 190,989 24.158 16,842 30,677 262,666 185,043 4,884 17.016 28.621 235,565 PREMISES COSTS Rent Council Tax and Water Rates Lighi and Heat Cleaning and Gardefting Repairs , Renewals and Maintenance 17,714 7,954 26,925 10,29S 84.115 141,003 17,058 37,216 7,409 44,898 114,143 OFFICE EXPENSES Computer Consumables Insurance Printing, Postsge & Slattonery Publication and subscription Telephone & E-mail 3,859 5,483 515 2.477 5,919 5,745 5,D23 354 2,703 5.063 OTHER COSTS Welfare Fund for Service Llsers Housing Managewnent Expenses Training & supervision Travel Staff Expenses Employee Support HR Management Committee expenses Depreciation Monitoring, Evaluation and Learning 18,254 18,888 3,263 99,862 5,108 2.122 110.136 4,959 580 1.227 3.353 135 1,169 8.701 130.382 1,442 162 268 1,035 7.128 118.268
ASHA PROJECTS PAGE 20 Forthe ear ended 31 March 2024 INCOME AND EXPENDITURE ACCOUNTS Total 2024 Total 2023 Continued LEGAL AND PROFESSIONAL COST Legal and Professional fees Payroll fees Accountsncy & Bookkeeping fees Independent Examiner's Fees Consutting Interpreting and Translating 2,301 714 6.350 2.400 1,913 648 4,500 2,400 11,766 9,461 FINANCIAL EXPENSES Bank Charges 848 1.004 1,004 509.444 136,875 TOTAL EXPENSES SURPLUS I (DEFICIT) FOR THE YEAR 552,804 216,343