Company Registration No". 2019000 Charity Registration No. 294516 ASHA PROJECTS (A Company Llmlted by Guarantee) TRUSTEE'S REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 313T MARCH 2025 Charity Commission 2 0 JAN 2026 Received BHARAT SHAH & CO Chartered Accountants 786 London Road Thornton Heath Surrey, CR7 6JB
ASHA PROJECTS FOR THE YEAR ENDED 31ST MARCH 2025 CONTENTS PAGE NO Legal and Adminislralive infomialion Trustee's report 2-19 Independent Examiner's report 20-21 statement of Financial Activities 22 Statement of Financial Position 23 Notes to the financial statements 24-29
PAGE 1 ASHA PROJECTS Company Infomiation Chari Number 294516 Com an istration number 2019000 Re 1st red offlce 13 Shrubbery Road London SW18 2AS Trustees Mana ement Commlttee P. Vadgama K. Chahel B. Ahmed C. Dagli- left 01 August 2024 J. Kalathil Senior staff members I Patel V. Maharaj J. Chana- laft 30 October 2024 Inde endent Examiners Bharat Shah & Co Chartered A¢¢ountants 786 London Road Thomton Heath Surrey CR7 6JB BankeryJ The Co-operatwe Bank plc 1 Balloon Street Manchester M60 4EP
PAGE 2 ASHA PROJECTS TRUSTEES, REPORT FOR YEAR ENDED 31ST MARCH 2025 The tru8tees present their annual report and accounts for the year ended 315t March 2025. The financial statements comply with the Companies Act 2006, goveming documents, Accountlng and Reporting by Charitbes.. Statement of Recommended Pra¢tice {SORP) applicable to charities preparing their accounts in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). Structure Governance and Mana ement Publ1¢ Benefit ststement The trustees confirm thatAsha Projects activities provide public benefit in accordance with the Charities Act 2011 and directly aligned with our charitable aims. Our refug8 accommodation, counselling, advice and advocacy programm6s are free of charge and open to the section of the public we existto support, South Asian women and children experiencing domestic abuse. These services help women achieve safety, stability and independence, advancing our ch8ritsble objectives lo relieve poverty, protect health, and promote equalty. Governin document Asha Projects is a charitable company limited by guarantee, incorporated in 1986. We are governed by a Memorandum and Articles of Association. Our charrtable objects, as stated in the Memorandum of Association are to advan education, relieve poverty, sickness, the protection of health, and to pursue any other charitable purpose for the benefrt of the community with a particular focus on women of South Asian origin in the UK. Recrultment and A ointment of trustees The directors ofthe company are also charity trustees. Under ourAth'cles ofAssociation, they are known as members of the management committee and hold office until the end ofthe next Annual General Meeting {AGM), with the option of re-election.
PAGE 3 ASHA PROJECTS TRUSTEES, REPORT FOR YEAR ENDED 31ST MARCH 2025 {CONTINUED) The organisation appoints trusts85 based on their skills, experience, and alignment with Asha's vtsion. mission, aims and objectives. A structured induction is offered to all new trustees, complemented by continuous professional development and support to strengthen governance and stratsgic oversight. The trustees aThange to meet at least quarterly to: Provide strategic oversight and direction. Establish policies and delegate responsibilities. Monitor organisational perfonnance. Ensure the effèctive and responsible management of Asha's resources. Financial Governance To strengthen financial governance, we have implemented procedures to: Establish clear delegations of authority over financial Matters. Control income and expenditure. Implement robust budgeting and financial management practtses. Maintsin accurate and timely financial records in compliance vthh the Charities SORP and Companies Act 2006. Conduct regular intemal reviews and independent examinations to ensure transparency and accountsbility. Monitor resee8 and develop a reserves policy to safeguard long temi sustainability. Ensure all financial decisions align with the organisation's strategic objectives and risk management framework. While the trustees bear overall responsibilty for Asha, the day-to-day operations are delegated to senior staff.
PAGE 4 ASHA PROJECTS TRUSTEES, REPORT FOR YEAR ENDED 31ST MARCH 2025 (CONTINUED) Reserves Polic As a small 'by and foff organisation operating wrf(hin short-term commisslonlng and funding cycles, the truslees remain concerned about Asha's long-tem sustainability. Competition for limited resources has increased significantly and larger organisations often have greater capacity and resources to submit multiple, complex fijnding applicatlons, putting smaller organisations like ours at a disadvantage. This uncertainty makes forward planning difficurt and affects our ability to recruit and retain ski118d staff, as posts are often advertised for only a year or less. Such instability affects programme delivery and organisational growth. To address these risks, the trustees have adopted a reserves policy aimed at: Building sufficient unrestricted reserves to cover unforeseen emergencies and maintain continuity of programmes. cr@ating designated funds for hardship support (including No Recourse to Public Funds (NRPFI), staff contractual obligations, and property, prograrnme dev8lopment and sustsinabilty, planned maintenance on a 5-year cycle and renewals and replaments on a 3-year cycle. Planning for future property acquisition to provide Stabilty and reduce reliance on rented premises. Allocating general funds to cover at least 1 year of operational costs, ensuring the organisation can continue to function, even during funding gaps. This allows us to manage programme closures gradually, reducing disruption and minimising the impact on the women we support. Reviewing re5eTve5 annually to ensure they align with organisational need5 and financial risks.
PAGE S ASHA PROJECTS TRUSTEES, REPORT FOR YEAR ENDED 31ST MARCH 2025 (CONTINUED) Rlsk Mana ement Rlsk management is a key priorty for Asha. We take a proactive approach lo identifying and reducing rtsks across all the areas of our work. Regular checks are carr(ed out and recorded. They Cover: Business continuty planning to keep programmes running during emergencles including measures for stsff safety, remote working affangements, safeguarding protocols, and contingency plans for ¢ritical operations. Operational policies and procedures to ensure efficiency and compliance. Health and Safety checks and training including updated Fire Safety and First Aid training for staff. Maintain an annual risk register, that id8ntifi8s both possible and expected risks fac8d by the organisation. The director and the senior managers monitor this register on an ongoing basis, and the management committee quarterly to ensure timely action and effective risk management. Follow safeguarding policies for staff, volunteers and people we support and provide staff training on risk management. Regularly check for financial and reputational risks and take steps to reduce them. This includes reviewing budgets, safeguarding assets, ensuring transparency, and Complying wtih legal and regulatory standards.
PAGE 6 ASHA PROJECTS TRUSTEES, REPORT FOR YEAR ENDED 31ST MARCH 2025 (CONTINUED) anisatlonal Structure Asha operates under a collaborative structure with clear govemance and delivery roles. At the core is Asha's Vision, guiding all activities and strategiG direction. The trustees provide oversight. overall direction, strategic focus and deciston-making, while the senior team lead on strategy. advocacy, and funding. Our staff team delivers frontline servi¢es including refuge provision, advice, and counselling while finance and administration functions ensure sustainability and op8rational efficiency. This structure promotes accountability, collaboration, and a shared commitment to ending violence against women and girls. Wision Mission Aims and Ob-ectives Our vision is to live in a just and sustsinable society, free from violence, oppression and exploitstion. Our mission is to provide resourc8s to empower South Asian women to build lives free from gender-based violence, racism, and other forms of discrimination. Our Aims Provide holistic support to survivors of violence against women and girls (VAWGI, from crisis inteNention through to long-term recovery. Ensure equitable access to essential services and support, addressing the diverse needs of women and children and removing balerS to safety, justice, and well-being. Empower women to become leaders, decision-makers, and agents of change in their own lives and communities. Drive systemic change by raising awareness and infiuencing policy through collective action, partnerships, and advocacy.
PAGE 7 ASHA PROJECTS TRUSTEES, REPORT FOR YEAR ENDED 31ST MARCH 2025 (CONTINUED) urob ectives activities Asha works from four locations.. one resource centre and three refuges with a total of 19 bed spaces. We: Offer safe accommodation through refijge provision. Provide advice, information and advocary. Deliver culturally sensits've counselling in mumiple South Asian languages. Run participatory activities that build peer support, confidence, and leadership skills. Maintain strong partnerships with statutory and voluntary sector services to improve access and outcomes. Build internal capactty through supervision, staff training. and adherenrR to quality standards. We understsnd the unique challenges South Asian women face, such as cultural, language, and religious barriers, as well as discrimination based on ra. ethnicity, caste and economic inequality. This is why Asha offers support that ig culturally sensitive and led'by and forf, South Asian women. This approach ensures women can get help in their preferred languages and in a safe, familiar ènvironment where they feel understood and encouraged to share their experiences.
PAGE 8 ASHA PROJECTS TRUSTEES, REPORT FOR YEAR ENDED 31ST MARCH 2025 (CONTINUED) Volunteer Su ort Asha values the vital role volunteers play in achieving our mlssion. Their diverse skllls, knowledge and experiences strengthen and enrich our work. We actively encourage former residents and clients to volunteer. ThSs gives them opportunities to- Build confidence, develop new skills and improve employability- Gain work experience and explore careèr paths, leadlng to job opportunities within Asha or other organi5ations. Contribuie to govemance by joining the management committee, bringing lived experience that informs deci5ion-making and programme delivery. Support other women SUNlvors through peer-to-peer support are crucial in creating a safe and caring environment for current residents.
PAGE 9 ASHA PROJECTS TRUSTEES, REPORT FOR YEAR ENDED 31ST MARCH 2025 (CONTINUED) Achievements and Performance Asha Projects is a "by and fol, South Asian women organisation, dedicated to ending gender- based Violen agalnst women and girfs {VAWG). With neady 40 year3 of experience, we have extenswe expertise and understanding of the complex issues surrounding VAWG wtthin South Asian communities. We recognise the critical importance of specialist organisations that go beyond simpFy providing language servi$ and interpretation. Asha offers essential support grounded in a profound understanding of the uniqu8 socio-cultural norms, values, and challenges faced by South Asian women. Interseclional issues often create multiple barrièrs when accessing safety and support. Our participatory support systems are designed to be women-centred, empowering individuals to actively engage in their own recovery and growth. We address the diverse needs of each woman based on her unique experlences, ensuring a personalised, non-judgemental and culturally sensitive approach. Survivor participation and feedback inform ourwork at every level. Monthly Yea@Asha" meetings at each refvge, planned, led and managed by resident victim-survivors are an 8xample of regular skill and knowledge building and sharing activities. Refug8 caseworkers support and guide vlctim- sutvivors as problems and solutions are discussed collectively. Many South Asian victim-survivors experience enforced isolation before arrtving at Asha, leading to feelings of being overwhelmed that can obstruct access to support. This is particularly challenging for migrant victim-survlvors. With sujvivor participation and involvement, we foster growth in self-esteem, rebuild trust through collective solidarity and help remove practical barriers such as learning English, budg8ting, navigating travel, attending appointments and more. Shared understanding and peer sUPPOrt are vital components of our approach. Th6se creatè a trusted and safe environment, enabling women to escape violent relationships that have devastating impacts on their physical and mental heah. Through our collective efforts, vulnerable women are empowered to rebuild confidence, strengthen relationships. and create a brighter future for themselves and their children.
PAGE 10 ASHA PROJECTS TRUSTEES, REPORT FOR YEAR ENDED 31ST MARCH 2025 (CONTINUED) Continued funding reiVed from the GLAJMOPAC Domestic Abuse Safe Accommodation funding, facilitated through the OYA consortium, with Latin American Women's Aid {LAWA) as Ihe lead has enabled us to provide muGh-needed wrap-around holistic support to women and their children living our refuges. In the year April 2024 to March 2025, we supported 521 women, 41 women receNed specialist immigration advice, ensuring their access to statutory supporL Of these 28 women successfully changed their immigration status. Additionally, 45 women and 10 children received in-house counselling support with 35 women, and 8 children reported improved mental heah and overall w8lkbeing. Of the 98 women seeking refuge space during this period, we were only able to a¢commodate 20 new women and their children. 62 women were turned away because we had no space. This highlights the urgent need for increased refuge capacty to meet the growing demand for saf8 and supportive accommodation. One of the most signtficant barriers faced by women seeking refuge is the severe shortage of available bed spaces, partioulady for those requiring speoialised support. The current funding structure for refuges is precarfous, with short-term commlssioning cycles (typically three years or less) leaving many organisations operating on a year-to-year basis. This lack of long-term funding security creates instability for both Asha and the women we support. Securing sustainable financial support is crucial but remains challenging, particularly in the current environment. Accessing statutory servlces and support systems remains a significant challenge for many women we support. Barriers such as language b8rriers, racism, and cultural insensitivity within these systems can create significant obstacles for women in accessing essential services like healthcare and housing. This places a significant burden on our staff who must advocate on behalf of their clients to navigate these complex systems and ensure aCsS to the support they need.
PAGE 11 ASHA PROJECTS TRUSTEES, REPORT FOR YEAR ENDED 31ST MARCH 2025 (CONTINUED) Securing access to safe and affordable housing is crucial for survivors, long-term recovery. However, finding suitabie and secure housing remains a significant challenge, particularly for single women. While we are fortunate to have a strong partnership with Lambeth Council, which provides access to social housing for women leaving our commissioned services, accessing housing in other boroughs can be a complex and dSstressing experience. Many women encounter significant barriers, including= Navigating multiple housing departments and meeting eligibility criteria can be time- consuming and overwhelming. Housing staff who may lack the understanding and sen5ittvity required to support sutvivors of domestic abuse. The shortage of affordable and long-temi housing options often resulting in women being placed in unsuitable accommodation, such as emergency or temporary housing, or expensive private rentals with limited security- Additional barriers for women from South Asian backgrounds due to racism and discrimination within the housing system. This experience can be incredibly stressful, instilling a sense of powerlessness and leading to deterioration of their mental and physical health. It can significantly impact sutvivors, recovery and their abilty to rebuild their lives. Furthemiore, we observed a significant increase in requests for information and advice on.. Debt management Council tsx reduction Rent arrears Escalating utility costs
PAGE 12 ASHA PROJECTS TRUSTEES, REPORT FOR YEAR ENDED 318T MARCH 2025 (CONTINUED) To address these critical issues, Asha will continue to advocate for. Increasad and sustained funding for refuge seNlces. Improved inter-agency collaboration. Greater a¢¢ess to affordable and secure housing options. Challenging systemic racism and discrimination. The cost-of-living crisis continue5 to have a compounding impact on wom6n experiencing domestic abuse, exacerbating existing inequalities and increasing vulnerability- Through the Covid-19 extension funding recetved via the OYA consortium, we were able to continue providing essential support to women living in our refuges at a time when th8 ongoing costwOf- living crlsis affecls our clients, staff, and the organisation. To support women facing these unprecedented chaInge$, we.. partnered with food banks and actively sought donations. Provided food, toiletries, clothing, bedding, and other essential items to women and children residing in thè refuge. By addressing these immediate needs. we alleviated financial stress and enabled women to focus on their recovery.
PAGE 13 ASHA PROJECTS TRUSTEES. REPORT FOR YEAR ENDED 31ST MARCH 2025 (CONTINUED) Staff well-being was also prioritised. We provided.. Regular clinical supervision offering guidance and opportunltles to develop skills in culturally appropriate, trauma-informed Care, leading to improved case management and better outcomes for women. Monthty support and supeTvision providlng structured one-to-one sessions with managers. Weekly peer-to-peer case supetvision creating a collaboratrve spaeE for stsff to share experiences, exchange best practises and problem solve collectively. These sessions foster team cohesion and mutual learning. Counselling support when needed ensuring staff have access to professional mentsl health support during periods of high stress or emotional strain. Monthly collective care sessions of guided actNrties designed to build resilience and promote mutual support in the workplace. Feedback from staff indicated that this structured support significantly improved their mental health and reduced stress levels. Recruttsng and retaining experienced staff particularly those who can provide culturalty specific, bilingual, and trauma-informed support remains significant challenge. Despite this, our team reflects a wide range of South Asian regions and languages, enabling us to deliver more inclusive and culturally sensitive servicas to vi1m- survivors. To strengthen engagement and visibility, we are redesigning our website and enhancing our social media strategy. This redevelopment aims to provide stakeholders with clear, accessible infomation about our work, showcase our Impact. and share updates on programmes and initiatives. Itwll also serve as a vital resour for South Asian women seeking support, offering practical guidance, safety information, and pathways to access our seNices. By improving our digttal presence, we hope to increase awareness, foster community connections, and ensure that women in need can find help quickly and ¢onfidently.
PAGE 14 ASHA PROJECTS TRUSTEES, REPORT FOR YEAR ENDED 31ST MARCH 2025 (CONTINUED) Despite an increasingty challenging economic environment where the ¢ost-of-Itving crisis disproportionately affects the most vulnerable and growing concerns about the safety of South Asian victim-survivors are h8ightened by the rise of far-right extremism, we remaln hopeful. Asha is committed lo strengthening its practice to deliver meaningful lasting change in the lives of South Asian victim-SUNivors. 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 collaboratlvely both locally and across London, notably through our contribution to the OYA Consortium, a partnership of four 'by and forf Black and minoritised VAWG organlsations in London. Lookin Ahead W6 will: Continue strengthening our organisational sustainability. Continue supporting women during the cost-of-living crisis by building hardship funds to provide essential support to women facing financial difficulty. Continue advocating for access to afftirdable and secure housing. Ensure that our work continues to be informed by victim-suNivors (Experts by Experien) through active participation, feedback, and co-production in programme design and delivery. Work towards obtaining a recognised quality mark to demonstrate best practice and strengthen credibility. Going forward, the trustees will continue to focus on dlversifying income streams, building general and designated fLtnds, and maintaining robust financial controls to ensure long-tsm sustainability.
PAGE 15 ASHA PROJECTS TRUSTEES. REPORT FOR YEAR ENDED 31ST MARCH 2025 (CONTINUED) The trustees would like to extend our heartfelt thanks to our ftjnders and supporters for their ongoing support. We also want to acknowledge the dedication, commitment, and inspiring efforts of our staff and volunteers, who have done an eXptIOnal job, especialty during these trying times. Also, a thank-you to Chandra Dagli, management committee member, and Jatinder Chana, housing manager, who left during the year for their, long tem dedication, commitment and support to Asha. Financial review The year April 2024 to March 2025 saw a slight increase in the charity's activilies, with income rising from £769,147 to £813,329, an increase of £44,182. Asha provides pension schem8 contributions for our employees, which are refiected in the 8tatement of financial activities for the year. The charity has no other liabiltties under this scheme beyond these contributions. In February 2025, Asha received £25,000 from Imkaan, which will be defeed to the next financial year to support planned activities. This ensures complian with accounting stsndards and provides stsbilty for future satvice dèlivery. During the year, Asha faced a signrficant challenge when Lamth Council issued a decommissioning notice in September 2024, instructing us to halt all recruitment. As a r8suIt. the Housing Manager post remained vacant for six months and a Refuge Caseworker post for fwo months. While this created operational pressures, it also generated savings of £25,000, which will be carried forward to th6 next financial year to strengthen Se1 continuity.
PAGE 16 ASHA PROJECTS TRUSTEES, REPORT FOR YEAR ENDED 31 MARCH 2025 (CONTINUED) The increase in Asha's unrestricted reserves from £614,937 last year to £803,225 this year reflects our commitment to prudent financial management and long-term sustainability. Thls growth strengthens Asha's ability to withstand fijnding UnrtaintIes, maintain essential seNices during financial gaps, and invest in strategic development. By safeguarding resources for planned maintenance, staff obligations, and programme innovation, we ensure contlnuity of support for South Asian women and children experiencing domestic abuse, even In challenging economic conditions. Renewal and Re lacement Fund This fund Is maintained to cover essential replacements and upgrades of equipment and furnishings aeross our refuges and resource cenlre. It includes planned renewals on 2, 3, and &year cycles, such as white goods, furniture, and other essential items that ensure a safe and comfortable living environmentfor rèsidents. The balance increased from £21,953 to £40,000, reflecting our commthient to maintaining high-quality standards and reducing the risk of unexpected costs. Planned Maintenance Fund Previously known as the Intemal Decoration Fund. this resetve is built over a five-year cycle to meet major maintenance and refurbishment needs. The balance increased from £23,100 to £47,100 following an additional allocation of £24,000 this year. This planned approach ensures that properties Main in good condition without placing Sudden strain on operational budgets. ers, Contractual Obll atlons Fund This fund safeguards Asha's abilty to meet staff-related commitments, including redundancy and contractual obligations. The balance grew frorn £122,000 to £167,000, providing security for our workforce and ensuring organisational stabilty during periods of change or fundlng uncertainty.
PAGE 17 ASHA PROJECTS TRUSTEES, REPORT FOR YEAR ENDED 31ST MARCH 20251CONTINUED) Hardshi Fund The Hardship Fund provides emergency support for women facing severe financial difficu andlor have No Recourse To Public Funds (NRPF). The balance increased from £8,500 to £28,500, enabling Asha to respond quickly to urgent needs su¢h as food, clothing, and essential items durtng times of crisis. Pro Pro ramme Develo ment & Sustainabili Fund This fund supports strategic growth, programme innovation, and future property acquisttion to redu reliance on r8nted premises. The balance rose from £38,000 to £98,000, strengthèning Asha's capaclty to invest in long-term sustainability and service development. This gr0h includes £25,000 savings genèrated from the frozen recruitment during decommissioning threat, ensuring that resources are protected for futur8 organisational priorities.
PAGE 18 ASHA PROJECTS TRUSTEES, REPORT FOR YEAR ENDED 31ST MARCH 2025 (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 Irustees to prepare financial statsments for each financial year, which give a tru8 and fair vi8w of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the financial year. In preparing these financial statements, the trustees are required to- select suitable accounting policies and then apply them consistently. observe 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 materi81 departures disclosed and explained in the accounts. prepare the financial statements on the going cOnM basls 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 at any time, the financial position of the charitable company and to enable them to ensure that the financial ststements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevenlion and detection of fraud and other irregularities. In so far as the trustees are aware: there is no relevant accounting inforrnation of which the charitable companys examiners ar6 unaware. and the trustees have tsken all steps that they ought to hove taken to make themselves aware of any relevant accounting information and to establish that the examiners are aware of that inlomation.
PAGE 19 ASHA PROJECTS TRUSTEES, REPORT FOR YEAR ENDED 31ST MARCH 2025 (CONTINUED) ointment of Inde endent Examlner Bharat Shah Chartered Accountant has expressed hls willingness to stand for reappointment and a resolution proposing his reappointment will be put forward at the Trustees Meeting. Approval This report was approved by the Twstees on ... slgned on their behalf. On behalf of the board Chairperson- P Vadgama
PAGE 20 ASHA PROJECTS INDEPENDENT EXAMINERS, REPORTTO THE TRUSTEES OFASHA PROJECTS I report on the accounts of the Charity for the year ended 31 March 2025, which are set on pages 22 to 31. Res ective res onsibilities of Trustees and examlner The charity's trustees (who are also the directors of the company for the purposes of company law) are responsiblè 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 quallfied member of ICAEW. Having satisfied myself thatthe charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to.. Examine the accounts under section 145 of the 2011 Act. Follow the procedures laid down in the general Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act., and State whether particular matters have come to my attention. Basis of inde endent examiners, re ort My examination was carried out in accordance with the general directions given by the Charity Cornmission. An examination includes a review of the accounting records kept by the ch8rity and a comparison of the accounts presented wtth 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 matters. The procedures undertaken do not provide all th6 evldence thatwould be required in an audit and consequently no opinion is given as to whether the accounts present a 'Yrue and fair view, and the report is limited to those matters set out in the statement below.
PAGE 21 ASHA PROJECTS INDEPENDENT EXAMINERS, REPORT TOTHE TRUSTEES OF ASHA PROJECTS (CONTINUED) Inde endent examiners, statement In connection wth 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 wilh Section 386 of the Companies Act 2006. and to prepare ac¢ounts 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 Ststement of Recommended Practice: Accounting and Reporting by Charitie5. have not been me( or 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Bharat Shah Ilndependent Examiner) For and on behalf of Bharat Shah & Co Chartered Accountants 786 London Road Thornton Heath Surrey, CR7 6JB
PAGE 22 ASHA PROJECTS Sta of flnanclal actlvftl Ineomè and Ex éndltur• accoun For tho tor ¢nded 31 March 2025 me Partlculars Unrestricted nds Restricted Fund8 2025 Total 2024 Incomln resources Charitable Tradin Rental Income Income from Solace Women's Grant IncL)me ILAWAI Management Fee- Metropoltsn Thames Valley Housing Specialist Refuges Funding Specialist Counselling Specialist Support services Other Income Bank Inl&ro$1 Sundry Income 399,453 99,878 399,453 99,878 45,066 5,304 180,699 75,709 386,515 93.606 45,066 5,304 180,704 75,709 [21 121 45.086 5,304 180,699 75,709 6.844 376 6,844 376 1.265 977 TOTAL INCOMING RESOURCES 511,855 301.474 813,329 769,147 RESOURCES EXPENDED Costs of Charitabla Aclivilies Governance Costs 131 141 315,779 7.787 296.474 5,000 612,253 12.787 541.038 11,766 TOTAL RESOURCES EXPENDED 323,567 301,474 625,041 552,804 Surplus IIDèficitl for the year Before transfers been fund8 188.288 188,288 216,343 Transfers belween Funds Total FLtnd5 BroLtghl forward 614,937 614,937 398,594 Total Funds Carried forward 803,225 803,225 614.937 Contlnulng operatlons None of the company's activitie8 were acquired or dIsntinU0d during the current and previous y&ars. Total re¢ognl$ed gains and 10ss09 The company has no recognised gains or losses other than tha surplus for thg current and previous years.
PAGE 23 ASHA PROJECTS Statement of Flnancial Position AS At 31 March 2025 2025 2024 NOTES Fixed assels Tangible Assets 1081 3,313 4,141 Debtors Cash at bank and in hand 1091 94,519 969,211 1.063,730 58,536 722,060 778,597 Creditors.. Amount fallin due within one ear [10] (263,818) {167,802 Net eUTnI assets 799,912 610,796 Net asset 803,225 614,937 Funds Unrestricted Funds Restricted Funds 803,225 614,937 1121 803,225 614,937 For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors. responsibilities.. 1) The members have nol required the company to obtain an audit of its accounts tor the year in question in accordance with section 476 21 The directors acknowledge their responsibilities for complying with the requirements of the Act wf(h respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the small companies, regime. The a¢¢ounts were approved by the Trustees on ..2 &1 ! z and signed on their behalf by Chairperso adgama
EC Notès to financial statements For the ear ended 31 March 20 PAGE 24 AG¢ountlng pollcles 1.1 status of the company Asha Projects is a company limited by guarantee and accordingty does not have a share capital. Every member of th8 company undertakes to contribute an amount not exreeding £1 lowards any deficit arising in the event of the company being wound up. 1.2 Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities= Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, the FinanGial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 1021, and the Companies AGt 2006. The Trustees confirm thst they have reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. For this reason, it continue5 to adopt the going concem basis in preparing these financial statements. 1.3 Reconciliation with previous Generalty Accepted Accounting Practice In preparing the accounts. the trustees have considered whether in apptying the accountlng policies required by FRS 102 and the Charttses SORP FRS 102 a restatement of comparative items was needed. No reststements were required. 1.4 Incoming resources All incoming resources are included in the statement of financial activities when the charity Is entitled to the income and the amount can be quantffied with reasonable accuracy. 1.5 Resources expended Expenditure is re¢ognised on an aGGrual basis as a liability is incurred. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and sevices for its beneficiaries. 1.6 Tanglble fixed assets and depreciation Tangible fixed assets are stated at Cost less accumulated depreciation. Depreciation is provided at rates calculated lo write off the Gost or valuation less residual value of each asset over its expected usefvl life, as follows.. Fixtures, frttings & equipment- 20% Reducing balance 1.7 Taxation The charity is recognised as a charity for the purposes of applicable taxation legislation and is not therefore subject to taxation on its charitable aclNities. The charity is not registered for VAT and resources expended therefore include irrecoverable input VAT. 1.8 Funds All income and expenditure is dealt with through the SOFA. All funds are dassified as restricted or unrestrlcted, de)Ined as follows.. (al Restricted funds are funds gubje¢t to spe¢ifi¢ de¢laration by the donor and axpendable in furtherance of a parti¢ular activity. (bl Unrestricted funds are expendable at the discretion of the Trustees in furtherance of the aims of the ¢harity. Icl Designated funds are Un$tCted funds earmarked by the Trustees for a particular Pu0$e.
ASHA PROJECTS Notes to financial statements Continued r ended 31 MaTch 2026 PAGE 26 2. Income Unrestricled Restricte Funds Funds 2QL5 2024 Total Total Receipts from Solace Women'8 Aid Grant Aid from MHCLG via LAWA Specialist Refuge Funding Specialist Counselling 99,878 99,878 45,066 45,066 180,699 180,699 75.709 75,709 301,474 401,352 93,608 45,066 180,704 75,709 395.085 99,878 Inrne from Solace Women's Aid is as per contractual agreement between Asha Project and Solace Women's Aid. 3. Cogt of Charitable Actlvltle3 2025 Total 2024 Total Staff Costs Premises Costs Office Costs Miscellaneous Expenses Houslng Management Expenses Training and Management Committee Expenses Travelling and transport Employee Support HR Counselling Stsff Expenses Bank Charges Depre¢ialion of Fixed Assets 309,594 148,486 23.066 9,102 98,043 20,010 262,666 141,003 18,254 3,283 99,862 12,503 2,000 162 227 897 828 1,442 848 1,035 612,253 541,038 4. Goveman¢e Costs 2026 Total 2024 Payroll Fees Independent Examiner's Fees Bookkeeping fees Legal and Professlonal Fees 765 2,640 7,000 2,382 12,787 714 2,400 6,350 2,301 11,766 S. Net inGoming resources for the year 2025 2024 Net incoming reSoUrS is stated after charging= Depreciation and other amounts written off tangible fixed assets 828 1,035
ASHA PROJECTS Notes to financial statements Forthe ear ended 31 M PAGE 26 Continu 02 6. Employees 2025 2024 Salaries and Wages Employels Nl contributions Pension 209.934 20.264 40.857 271,054 190,989 16,842 30,677 238,508 7. Taxation No liability to UK corporation tax arises on ordinary activities for the current or previous year. The charity 18 registered with H M Revenue & Customs as charitable so not liable lo UK corporation tsx. 8. Tanglble fixed assets ixtures & Flttln s Total Cost At 1 April 2024 Additions Computer Cost At 31 March 2025 119,549 119.549 119,549 119,549 Depreciation At 1 April 2024 Charge for the year 115,408 828 115.408 828 At 31 Mar¢h 2025 116.236 116,236 Net book values At 31 March 2025 At 31 March 2024 3.313 4,141 3,313 4,141 9. Debtors 2025 2024 Debtors- Rent Recelvable Other Debtors- Prepayments 43,237 51,282 56,536 94,519 56.536
ASHA PROJECTS Notos to financial statements Continued Forthe earended 31 March 2026 PAGE 27 10. Crgditors". amounts falllng due within one year 2025 2024 Other Creditors and Deferred Income other Taxation 8nd Social Se¢urity Accruals 161,449 6,254 96,115 263,818 78,032 5.384 84,387 167,802 11. Unrestrictsd funds Opening Balance Closing Balance Income Expenses Tr8nsfer8 Renewal and replacement fvnd Planned maintenance fund Employers contractual obligations Hardship Propety,Programme development and $uslain8 Total Designated Funds 21,953 23,100 122,000 8,500 38.000 213,553 18.047 24,000 45,000 20,000 60,000 167,047 40,000 47,100 167,000 28.500 98.000 380,600 General funds 401,384 511,855 (323,56n 1167,047> 422,625 Total Unrestricted Funds 614,937 511.855 (323,56n 803.225 12. Restricted fund$ Opening Balance Closing Balance Income Expellses Transfers Restricted funds 13. Anatysls of Net Assets Bgtwgen Funds Unrnstri¢ted und estrlcted und 202S 24 Fixed Assets Cash al bank and In hand Other net Current asgetsl(liabilttteg) 3,313 969,211 {169,299} 803.225 3,313 4,141 969,211 722.060 {169,299) (111.2651 803,225 614.937
ASHA PROJECTS Notes to flnancial statements Continue For the ear ended 31 Mar¢h 2025 PAGE 28 SeGtion 37 Notice 14. Analysis of spend of the Covid extension Grant Atd of £45,066 was received in year 2024125 frorn GLA and MOP, (Via Latin American Women's Aid (iAWAII The following table illustrates what the money was awarded for and that it has been used for these purposes. Grant Grants ent Total stsfflng costs {Direct and indirect) 23,200 23,200 Additional Covid-19 related costs 8,785 8,785 Offi¢e equlpment related costs 5,000 5.000 Other costs 8.081 8,081 Total cost of delivery 45.066 45,066 Section 37 Notice 14. Analysis of spend of grant Aid of £180,699 was received in year 2024125 from GLAIMOPAC {via Latin American Women's Aid{LAWAI) for Domestic Abuse safe accommodation support (Service 1)- The following table illustrates what the money was awarded for and that it has been used for these purposes. Grant Grant s Total stsffing costs {Dire¢t and Indirect) 162,256 162,256 Total other costs 18,443 18,443 Totsl cost of delivery 180,699 180,699
ASHA PROJECTS Notes to flnanelal statements Contlnued For the ear ended 31 March 202S PAGE 29 SeGtlon 37 Notl¢e Grant Aid of £75,709 wa$ re¢eived in year 2024125 from GLAJMOPAC (via Latin American Women's Aid (LAWA)) Towards specialist counselling for women and children at the refuge {Service 2). The following tsble illusreates what the money was awarded for and that it has been used for these purposes. Grant Grant s ent Total stafflng costs (Direct and Indirectl 65.444 85,444 Total other costs 10,265 10.265 Total c¢)st of dellvery 75,709 75,709