COMPANY REGISTRATION NUMBER: 2173760 CHARrfY REGISTRATION NUMBER: 519620 Smethwick Asra Limited Company Limited by Guarantee Unaudited Financial Statements 31 March 2022 ¢ABJURFNL* 2W12r2022 COfvIPANIES HOUSE
Smethwick Asra Limited Company Limited by Guarantee Financial Statsments Year ended 31 March 2022 Page Trustees, annual report (incorporating the directofs report) Independent examinerfs report to the trustees Statement of financial activitses (including income and expenditure account) Statement of financial position 10 Statement of cash flows 11 Notes to the financial statefflents 12 The following pages do not fomi part of the financial ststements Detailed statement of financial activities 22 Notes to the detailed ststement of financial activities 24
Smethwick Asra Limited Company Limitèd by Guarantee Truslees. Annual Report {Incorporatsng the Directorfs Report) Year ended 31 March 2022 The trustees, who are also the director5 for the purposes of company law. present their feport and the unaudrted financial statements ofthe charity for the year ended 31 March 2022. Oblectives and activities The principal activity is the provision of heallh and care services lo all needy, elderly, disabled and families, parts'¢uL4rty but not exdusivety of Asian origin, in the Wesl MHJLands Area. As an ancillary. assistsnce 15 also given on appropriate 50cial. recfeab.onal and educational mallers. The principal ath.vity fvlly reflects the purp)ses the charity was set up to further. The main policies adopted to achieve ouraims and thus further our charitable purF4)ses for public benefit have been by the provision ot 1. Day Care. mainly in association wth Adu and Community Services for &"miingham, Dudley and Sandwell Local Authorities, for elderly and disabled people at our cenlres at Fenton Street. Smelhwick and Poplar Road. Sparkbrook. 2. Domuliary Care, mainly in aSsociatn wth Adult and Community Services Sandwell, for elderfy and disabled people and those suffering from chronic illnesses. The company is registered with the Care Quality Commission under Ihe Care Standards Act 2008. 3. The ntaI of offices and assoaated facilities to Community OrganisatKtns. 4. Facilities for communty and private ScCl fvn¢tions. 5. Facilrties for Black churches for Sunday services. 6. Facilib'e5 for Woman only edu¢ational sessions. Where necessary the directors have had assistan¢e from qualffied advisors and professionals in the comrnunity. We review our aims, objectives and activities each year. This review k)oks at what we achieved and the outcomes ofourwork In the previous ts¥ee mnlhs. The vieW looks al the success ofeach key activity and the benefits they have brought lo those gfOUPS of people we are sel up lo help. The review also helps us ensure our aims. objectwes and actNities remain uSSed on OUT stated purposes. Strategi¢ report The ftillowing sections for a¢hveMentS and perfompnce and financial review foTrn the strategic report of the charity.
Smethwick Asra Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (¢ontinued) Year ended 31 March 2022 Achievements and performance How Our A¢tivlties Deliver Public Benefrt The Injslees have complied with their duty to have due regard to the guidance on public benefi.t published by the Charity Commi$5K)n in exercising their powers and duties. We have continued to provide Ca for those who need supwrt vthh their daily INing via our domiciliary care service. al matter is that Asian elderty suffefing with poor health and disabilities get help as quickly as possib? Thanks lo ASRA'S workers and managers. ppIe have received uninterrupted seivices throughout the year_ The Day Care service reopened in April 2021 in Bimingham and.in September 2021 in Sandwell. Respectrvejy Initial Covid anXty redueed the numbers of Servi usefs attending considerabty. We continued to provide Day Care at Horne to the nTh)st vulnerable who were reluctant lo come to the day centres. This included providing Sla1 Contact, pwti¢al help and personal care as safely as possible. In December 21 we managed lo regain our ratiryJ of GOOD from Care Quality Commission. A big thank you to Johanna milr-legiS1ered Care Manager, Samara Mahmwd and Julbe Harrison our consultant. Whilst everyt*)dy has Strugg to adjust lo a new normal and the impact of Covid-19. our Covid safe practices have ensured NO breakout of illness in either of our centres. Services al the day cenlres include tran5PQrtation. hot meals. (breakfast and lunch). bathing services and health and sock81 acb"vities. These particular services include exercise and aromatherapy sessions, health promotion. arts and crafts and external outings. Over the years day care seryice s commisSned ty Bimingham, Dudley and Sandwell Adult Community Services on spot purchase basis, has prevented institu1nalIs#t10n of a large number of eldedy and has albwed them to be cared for wthin the famitylcommunity fohJ, The prolonged and deslruclive pandemic contributed to a major impact on the lives of our clients, familie5, communty at large and Iwr business. unprecedenled number of lives have been lost nationally and locally It has also highlighted the inequality in not only Health and Social Care but also in Bntish Society. Black and Asian elderty have been hrt disproporh"onatety th in tems of illness and death. Vve have lost a conshlerable number of clients due to Covid-19
Smethwick Asra Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (¢OnllnuedJ Year ended 31 March 2022 Achievements and performance (¢onliftued) The challenges of Covid years continue. We would like to convey the deepest appreuatton and thanks to san111 MBC. Birmingham City Council and those involved in our work for both financial and strategic support. We have improved and deepened our relationship th all of our stskeholders during this per The reduced numtef of servFce users and a reducts.on in days has $utted in a sonifKanl reducth'on in our incoffE 51ream due to CovbJ-19 in part and economic pressu Irom cash flow. As Birmingham City Council and Sandwell continued to pay for care servi$ at pre-covid levels, we repaid £50,000 initially claimed under the Govemment Furtough Scherne. Once again we had to adapt our existing approach to govemance lo a changed and changing wor¢d by sITengthening our organisational capabilitEs and diversity. For the fvture our fcus will be on continuing to strengthen our reserves, which we plan to achieve through cost and efficiency savings. and the return of more stable and positive fundraising and grar¢l- aid policies. We would redouble our efforts lo tap into the deeply held commitment to chafrtable giving by British socEty by promoting the positive impact our work has on our beneficiaries. If anything. the next few years wll be even more critical as we plan lo adapt in this environment. We will closely monitor the tTends whh impact the Heallh and Social Care environments as the medium and longer term plans for soc¢al care funding are 5b"Il up in the air. We will also plan to meet our environnEnlal. social and govemance {ESG} commrtments and adopt robust policies on Sustsinability and decarbonisalion. We airn lo build incremental and sustsinabk income gri)wth and do much nre with the money we have whilst improving our operational praCtS and models of working to be more efficient. The board has considered how planned actNi15 contribute to meeting ASRA'S obje¢twes and how to delNer our principal charitable obJectNes_ We will do this by". Increasinglimproving health and social re services Providing building-base community fa¢ilib"es to individuals and groups Starting a Fllendship project to combat loneliness for the elderly Working on an Asian Dementia servv for sufferers and Iheir carers
Smethwick Asra Limited Company Limited by Guarantee Trustees, Annual Report {Incorporating the Director's Report) feontinued) Year ended 31 March 2022 A¢hievements and p¢rfornian¢¢ (eoniinued) We have continued to implement an organisation Covid 19 ActK)n Pan. Wth almost all of our service users classified as vulnerable we have been doing our utsrnst lo keep safe and well those we Iwk after in Ihe most challenging of circumstances. We have continued to provide a Oay care at Home SeNti. Staff have been providing s¢xial contact, practical help and personal care lo Servi users at their home as safely as Fossible. Once again a very strict regime of infection prevention and conlrol, extensive use of PPE, reducing workforce movements, training in InfeCtn control quaranlining and testing has made us extremely fortunate in that we have not had any asymplomatic transmission of Covid 19 via staff or service users_ Once again the community services remained closed during the year. Our donwciliary care service provided to 48 elderly and disabled people has been improving the quality of life for the se1 users who are often terminally ill, recovering from a major Operatn, strokes or heart attacks. orwho are PernnenY disabled. The service supports and assists the carers and families in personal and domestsc tasks and tnes lo share the burdert of lookr.ng after someone 24 hours a day Financial review The majority ofour income is derived mainty from contracts with Local AUthoritS and a proport*Jn from private individuals and from bng and short-lemi letting of our Smethwick premise5. All of the charity's income is directed towards the provision of its c¢ye seryices of day ¢are and domi¢iliary cafe Wlh one exception the Iruslees consider all income lo be unresth.ded In its use. In the current year a donation of £1,400 was receNed lo be used for a party. Due lo Covid restrlI0n$ this money has not yel been spent and is carried forward lo a ftrture year. Totsl in¢ome for the year deueased from £941.890 in 2021 to £855.139 in 2022. This is mainly as result of the effect of the pandemic on our home-based servus. Total expenditure also decreased. from £861.556 in 202110 £837.810 in 2022. The net result was a surplus for Ihe year of £17,329 {2021.. £80.3441. Thi5 arnount has been added to ieseTres to assisl in develowng futuo servtts. Free reseNes, ie those not comprising fixed assets stood al £138.165. Inve61ments There are no nel cuent assets available for hjng-term investment. The only investments we may make are short-term deposits eaming interest.
Smethwick Asra Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (¢ofttthu80) Year ended 31 March 2022 Financial review (Coftfinuedj Reserves The board has examined the company's requirements for reseNes in the light of the main risks to the charity. The unrestricted ftjnds not commffted or invested in tangible fixed assets are needed lo meet the working capital requirements of the charity. The board are aware of the need to create significant free reserves to be able to sustain the currenl xtivtties of the charity in the event of a significant drop in funding and are working towards this. There are initial plans regarding additM)nal services that might be provided depending upon funds ing available. Our aim is to continue lo build resources from planned operatin9 surpluse5. Structure, governance and management We are a charitable company limited by guarantee, incorporated on 5th October 1987 and registered as a charity on 11th Oecember 1987_ The company was established under a Memorandum of Association whth sets out the objecis and power5 of the charitable Company and is governed under ils Articles of Association. In the event of the MpanY being wound up meMrS are required to contribute an amount not exceeding £1. The ctsrrenl trustees are shown on page 6. All have served throughout the year. There are currenuy four board members forming a goc#J cro-SeCtion of community represenlalion. Generalty all n*mbers are active in the community and are professional Working people. Their backgrounds cover business and education, local governmenl. constru¢bon. and communty and caring development aspects. No new trustees have been appointed for a number of years. For the purposes of company law the tiustees are the directors of the company. They give their b.me voluntsrily and receive no remuneration or benefits from the company in their role as trustees. Board meetings are hekl quartety or more frequently when necessary and the board is responsible for the strategic directron and policy of the charity. A scheme of delegatn 15 in place and day to day resFon5ibility for the proviSn of the services rests with the Projects Director together with the Registered Care Manager. The Projects Director is responsible for ensuring that the charity delwers the SerVeS specified and that the key performance indicators are mei. The Registered Care Manager is responsible for the operation of care services, Local Authority contract compliance. maintenance of Care Quality Stsndards, management of the staff team and also ensuring Ihal the team contsnue to develop their skills and worknng practices In order lo deliver high quality ServeS.
Smethwick Asra Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (¢Mllnutd) Year ènded 31 March 2022 structure, governance and management (rwlinuqdj The board of directors has the responsibility for ensuring that the organisation has in pla an appropriate system of control, financial and otherwise to provide reasonable assuran that the charity is operating efficienty and effeclivety.. its assets are safeguarded against unaulhon5ed use or disposition", that proper records are maintained and financial infomiation used within the charity for publication is relkgble," and the charity complies with relevant laws and regulatsons. 11 is the role of the Treasurer to examine the effectiveness of the systems of internal financial control on behalf of the boar¢J so Ihal any Snth¢ant findings or idenlthed risks can te acted upon. The systems of financial control are designed lo pro¥e reasonable. but not absolute assurance against malefBI mis-staternent or loss. They include.. A corporate plan and an annual budget for approval by the board. Regular consi(Jeralion by the board of actual results compared with budgets and forecasts. Delegation of authority to spend within deady defined limf(s. Segregation of duties. Identification and management of financial risks by the iM)ard and line management. Reference and administralive details Registered charity name SnEthwick Asra Limited Charity registration numbgr 519620 Company regi5tralion nUMr 2173760 Printipal offlce and reglstered ASRA Heamh and &tial Care Centre office Fenton Street Smethwick West Midlands B66 1HR The trustees Mrs S Mehra-chair Mr A Nagra-we Chair Mr M Salim-Treasurer Mr S Singh Independtrnt examiner Malcolm Wllcox FCCA Malcolm Wltox & Co Hagley House 93 Hagley Road Edgbaslon Birmingham B16 8LA
Smethwick Asra Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) f¢onUnu Year ended 31 March 2022 The trustees. annual report and the strategic rewl were approved on 21 December 2022 and signed on behalf of the ljoard of trustees by.. HRA (MRSI Chair
Smethwick Asra Limited Company Limited by Guarantee Independent Examinerfs Report to the Trustees of Smethwick Asra Limitèd Year ended 31 March 2022 I report lo the trustees on my eXanatiOn of the finanaal ststements of Smelhwick A5ra Limited ('Ihe charity'l for the year ended 31 March 2022. Responslbilities and basis of report As the trustees of the company {and also rts directors for the purposes of company lawl you are responsible for the preparalk)n of the financial statements in acLordance with the requirements of the Companies Act 20061'the 2006 ACYI Having satisfied myself thai the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examinatDn, I report in respect of my examination of the charity's accounts as carried out under secb.on 145 of the char Act 2011 I'the 2011 Acl'l. In carrying out my examination I have followed the Directn5 given by the Charity Commission under section 14515}Ibl of the 2011 Act Independent examinerfs statement Since the chanty's gross income exceeded £250.000 your examiner must be a member of a body listed in seets.on 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a memkr of the Instite of Chartered Acc(wntants in England and Wales IICAEW), which is one of the listed bodies. I have completed my examination. I confim that no matters have come to my attentson in connection with the eXaMinatn giving me cause lo bele that in any material respeet.. 1. accounting records We not kept in respect of the Company as required by section 386 of Ihe 2006 Act., OT 2. the accounts do not accord with those records", or 3. the aceounls do not compty wrth the accountsng requirements of section 396 of the 20[ Act other than any requirement that the accounts gNe a 'true and fair viev¥ which ss not a matter corbsidered as part of an independent examination." or 4. the accounts have not been prepared in accordance with the methods and pnnciples ofthe Statenknt of Re¢ommended Praclrce for accounting and reFQrting by charities (applicable to charrties preparing their accounts in accordance wlh the Financial RertIng Standard applicable in the UK and Republ of Ireland IFRS 10211. I have no concems and have come across no other matters in connech.on with the examination to which attention should be drawn in Ihis reptyt in order lo enable a proper understsnding of the accounts to be reached Malcolm Willcox FCCA Independent Examiner Malcolm Willcox & Co H2gley House 93 Hagley Road Edgbaslon Birmingham B16 8LA Is, December 2022
Smethwick Asra Limited Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2022 2022 Restrted fijnds Totsl funds Total fijnds 2021 Unrestricted fvnds Note Income and endowments Donations and legacies Charitable activities Other trading activit Investment income 49.252 803.407 1,080 1.400 50.652 803.407 1,080 56,777 873,294 11,800 19 Total income 853.739 1.400 855,139 941,890 Expenditure Expenditure on charitsble actNitses Total expenditure 9,10 837,810 837.810 861,556 861,556 837.810 837.810 Net incomt and net movement in funds 15,929 1.400 17,329 80.334 Reconciliation of funds Total funds brought foThvard Total funds carried forwanl 447.863 447,863 465.192 367,529 447.863 463,792 1,400 The statement of financial activities includes all gains and losses reco9nrsed in the year. All income and expenditure derive from conts"ftuing ath"vrtEs. The notes on pages 12 to 20 forni part of these financial $tstemeftts.
Smethwick Asra Limited Company Limited by Guarantee Statement of Financial Position 31 March 2022 2022 2021 Note Flxed assets Tangle fixed assets. 16 327,027 245,233 Currenl assets Debtors Cash al bank and In hand 17 201,336 63,748 265.084 196.862 1C6,996 303,858 CreditOf5.' amounts falling due within one year Net current assets 126.919 101,228 202,630 447.863 138.165 465,192 465.192 Total assets less current liabillties Nel assets 447,863 Funds ol the charity Restricted funds Unrestricted funds 1,400 463,792 465,192 447,863 447,863 Total charity funds 21 For the year ending 31 Mafch 2022 the charty was enlrtled lo exemption from audit under section 477 of the Companies Act 20[ relaling lo small Compan$. Directors, responsibilits"es'. The members have not required the company to obtsin an audrt of its financial ststements for the year in qUestn in accordance wrth secb.on 476.. The directors acknowledge Iheir responsibilib.es for complying with the requiiemenls of the Act with respecl to accountin9 rewds and the preparats.on of financial statements. These finaneial stslemenls have been prepared in accordance wth the provisions applicable to companies subject to the small Compan$. regime_ These financial statements were approved by the board of trustees and authorised for issue on 21 December 2022, and are signed on behalf of the board by.. SMEH IMRS) S SINGH Directorlchair of Trustees DirectOrrUStee Th• notès on pages 12 to 20 fom) part of these fin•ncÉ•l statements. 10
Smethwick Asra Limited Company Limited by Guarantse Statement of Cash Flows Year ended 31 March 2022 2022 2021 Cash Ilows from operatlng activities Net income 17,329 80.334 Adjusfments for.. DepTecialion of tangible fixed assets Govemmenl grant income DivKJends, interest and rents from inVesnts Accwed expensesllirtconEI (81.7941 (48.982) 16,050 {55,4931 119) 16.3061 9,747 Changes in.. Trade and other debtors Trade Ènd olher creditors 14.474) 15.944 {49,614} 2.075 Cash generated from operalions Nel cash used in operating activit 192.230) 192.230) 112,9731 (12,973) Cash flows from investing activities Dividends, interest and rents from investents Pur¢ha5e of tangible as5eis Net cash used in investing activit 19 15,2581 15,2391 Cash Ilows from financing activities Government grant income Nel cash from financing activiti.es 48,982 48.982 55,493 S5.493 Net {decrease)Ilncrease in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year (43,2481 106,996 63.748 37.281 69.715 106,996 Th• not•s on pages 12 to 20 forni part ofthese fift413• $tstem•nts. 11
Smethwick Asra Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2022 General Infomiatlon The chanty is a Publ benefrt entty arKt a pnvate company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The aJdre5s of the registered office is ASRA Health and Soo'al Care Centre. Fenton Sireel, SthWiCk. Wesl Midlands. 866 1HR. statement of cornpliance These financial statements have been prepared in compliants with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of Recommended PraCte applicable lo charit$ pparing their accounts in accordance with the Financial Reports"ng Standard applioble In the UK and Republ of Ireland IFRS 102) (Charities SORP IFRS 10211 and the Companies Act 20C Ac¢ounting pollcies Basis of prepardtion The financial statements have been prepared on the histor1 cosl ba51S. Going concern There are no materBI uncertaint*s about the charity's a.1}fy to continue. Disclosure exemptions The charity satisfies the crits1 of being a qualifying enbty as defined in FRS 102 ty reason of being small. As such. advantage has been tskerb of the following disclosure exemptions available under paragraph 1_12 of FRS 102. Disclosures in respecl of financial instruments have nol been presented. 12
Smethwick Asra Limited Company Limited by Guarantee Notes to the Financial Statements (conllnu8d) Year ended 31 March 2022 Accounting policies Judgements and key sources of estlmation uncertainty The preparation of the financial statents requires managerrEnl to rroke judgements. e51iniate5 and assumptions that affect the amounts reported. These estimates and judgemen15 are continually reviewed and are based on experience and other factors, induding expectstions of future events that are believed to be reasonable under the Circumstances. Significant judgenEnts In the opinion of the trustees there are no judgements (apart from those involving eslimalionsl that management has made in the process of applying the entity's accounbng poliCS that have significant effect on the amunts recognised in Ihe financial stslements. Key sources of estsmakn.on unrtaInty Accounting estimates and assumptions are made conceming the hjture and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation urrta1nty that have a significanl nsk of causing a material adjustment to the caryin9 ar1)Unts of assets and liabilities within the next financial year are as follows.. That the depreciation provided on the leasehdd properbes and other assets is neither excessive or insuffrient in relation lo actual impaimient suffered. The carrying value5 of the assets are £327,027. That the service debtors, having made alknwances for dispules and bad debts are reeoverable at the staled carrying value of £175.928. Fund accounting Unrestricted fvnd5 are available for use at the discretKJn of the trustees to further any of the charity'5 purposes. Restncled funds are subjected to restrlI0n$ on their expenditure (Se¢lared by the donor or through the terms ofan appeal. and fall into one of sub4asses." reslricled income funds or endowment frjnds. There are currently no restrted ftjnds held_ Incoming resources Income All Income is included in the statement of financial actwities when the chanty is entitled lo the Income, any performance related CorlOn5 attached have been met or are fully within the control of the charity, the Incorne is considered probable and the amount can be quantified with reasonable accuracy. The folbwing specthc policies are applied to particular categories of Income.. DonatnS and legacy income is receNed by way of donations, legacies, grants and gifts and is induded in fvll in the Statement of Financial Activities when receivable. Grants, where entitlement Is nol conditional on the delivery of a specific perfomian¢e by the charity. a recognised when the chafity becomes unconditKJnalty entslled to the gianL Investment incon*. including income from propety letting and room-hire is included when receivable. 13
Smethwick Asra Limited Company Limited by Guarantee Notes to the Financial Statements l¢oftbn Year ended 31 March 2022 Accounting policies {¢oniinu¢¢ll Resource$ expend¢d Expenditure Expenditure is recc*Jnised on an accruals basis as a liability is incurred. Expendrture Include5 all VAT as this cannot be recovered, and is reported a5 part of the expendrture to which it relates." Costs of raising lunds comprise the costs associated with attractsng donabons, grants and legacies and the costs of trading for fundraising purposes. Charitable expenditure comprises those costs inCue by the charity in the delivery of ils activities and services for rts beneficiaries. It indudes both costs that can be allocated directly to such activities and those costs of an indireel nature necessary lo support them. Other expenditure includes all expenditu that is neither felated to raising funds for the charity nor part of its exFendilure on charitable activities. All costs are allocated beeen the exFenditure Categor$ of the SOFA on a basis designed lo reflect the use of the resource. Costs relab.ng lo a particular acts.vity are alICated directly. others are apportioned on an appropriate basis. Tangible assets Tangible assets are initialty rerded atcosL and subsequentty slated atcost less any accumLblated depreciation and imp81mnt losses. Depreclation Depreciation is calculated so as to wrile off the cost or valuakn.on of an asset. les$ ils residual value. over the useful economic life of that asset as follows". Long Leasehold Furniture Motor Vehicles offi Equipment Short Leasehold Over the term of the lease-125 years 25% straighl line 33% slraighl line 25% Straight line Over the term of the lease Impalrment fixed assets A review for indicators of impairment is carried out at each reportin9 dale, with the recoverable amount being estimated where such indtstors exist. lthere the carrying value exceeds the recoverable amount. the asset ts impaired accordingly. Prior impaimients are also reviewed for p0bIe reversal al each reporb.ng date. Gov•rnm•nt grants Govemment grartls a recognised at the fair value of the asset received or receNable. Grants are not recognised until there is reasonable assurance that the chartty will compty with the condits.ons atiaching lo them and the grants will be received. here the grant does not impose specified ftrture perf0mian4elaled conditions on the recipient. il is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified fvture performanrelated ndlon$ on the reciptenl, il is recognised in income only when the performance-relaled condrtK)ns have been mel. Where grants received are prior to satisfying the revenue recognition criteria. they are recognised as a liability. 14
Smethwick Asra Limited Company Limitsd by Guarantee Notes to the Financial Statements (cL¥thnuedJ Year ended 31 March 2022 Accountirbg policie5 icohfjnu841) Financial instruments A financial asset or 2 finèneial lbrIty is recognised only when the entity becomes a paty to the contractual provisions of the instrument. Basic finaneial instruments are inrtially recognised al the amount receivable or payable induding any felaled transaction costs. Current assets and current liabilities are subsequentty aSured al the cash or other consideration expected to be paid or received and not discounted. Defined contrlbutlon plans Contributions to defined contributn plans are recognised as an expense in the period in whh the related service is provided. Prepaid conlribvlions are recognise¢J as an 85sel lo the extent that the prepayment will lead to a reduction in future paYffnts or a cash refvnd. Lim6ted by guaraDlee The company Is limrted by guarantee. In the event of a winding up or dissolution of the company memberfs h"abilty is limited to £1 each. At 31 March 2022 there were 4 membets. Donattons and legacies Unrestricted Funds Restricted Total Funds Fun(Js 2022 Donations Donations 1.400 1.400 Grants Government grant income 48.982 48,982 Other donations and legacies Sundry income 270 270 49.252 1.400 50.652 Unrestricted Funds Restricted Total Funds Funds 2021 Donations Donations Grants Govemment grant income 55,493 55,493 Other donations and kgacies Sundry incon 1,284 1,284 56.777 56,777 15
Smethwick Asra Limited Company Limited by Guarantee Notes to the Financial Statements (cl0) Year ended 31 March 2022 Charitable activities unrestrle Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Day and home care seryices 803.407 803.407 873.294 873,294 Other trading activities Unrestricted Tolal Funds Unreslricted Total Funds Funds 2022 Funds 2021 Letting and licensing 1.080 1.080 11.800 11,800 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Income from cash investments 19 19 Expendlture on charitable aclivilies by fund type Unrestricted Total Funds Unrestncted Total Funds FU5 2022 Funds 2021 Home and day care Supp)rt costs 763.441 74.369 763,441 74,369 837,810 795,095 66,461 795.095 66,461 B37,810 861,556 861.556 10. Expenditure on ¢haritable aclivilies by activity type Acbvities undertaken directty Supwjrt Total funds costs 2022 Total fund 2021 Home and day Care Govemance 763.441 71,969 2,400 74,369 835,410 2,400 837,810 858, 152 3.404 763.441 861.556 11. Anatysis ol support costs Care Costs Total 2022 Total 2021 Staff costs Communicab'ons and IT Governance costs 71,968 71,968 60,276 2,781 3,404 2.400 2,400 74.368 74.368 66,461 16
Smethwick Asra Limited Company Limited by Guarantee Notes to the Financial Statements iconfrftued) Year ended 31 March 2022 12. Net income Net income ts stated after chargingl(crediti"ngi'. 2022 2021 DepCIatIOn of tangible fixed assets Operating lease renta15 181.7941 86.254 16,050 83,643 13. Independent examination fees 2022 2021 Fee5 payable to the independent examiner for. Independent examinab'on of the financial slatements 2,400 2,400 14. Staff costs The tolal staff costs and employee beneffts for the rep)"ng period are analysed as follows.. 2022 2021 Wages and sal3r*s Social security costs Employer contnbulions to pension plans Other employee benefits $84,210 34.063 14,310 587,947 32,139 7.923 5.726 637.027 633.735 The average head count of employees during the year was 3912021.. 43). The average number of fulktime equivalent employees during the year is analysed as follows.. 2022 No. 2021 No. Number of management staff NLsmber of adminislralion and 5UPPOrt Number of care and ancillary staff 30 30 35 35 No employee received emptyee benefits of more than £60.000 during the yeaf12021'. Nil). Key Management Pernonnel In the opinion of the trustees the key management personnel during the year were the Projects Director and the Cafe Managers. Their totsl remuneralron during the year was £94,6D4 {2021.' £70.685). 15. Trustee remuneralion and expensgs no remuneration or other benefits from emptyment the chafity or a related entty were received by the Iruslees. 17
Smethwick Asra Limited Company Limited by Guarantee Notes to the Financial Statements (¢Mbnue Year ended 31 Mah 2022 16. Tangible fixed assets Lc leasehold Fixtures and propety fitb.ngs sp leasehold proFerty Motor vehicles Equipment Total Cost At 1 Apr 2021 and 31 Mar 2022 397,242 2.000 45.536 3.458 55,005 503,241 Depreclation Al 1 Apr 2021 Charge for the year At 31 Mar 2022 170,424 1,500 43,736 850 41.498 258,008 190.974) 79,450 500 1,075 850 6,755 48,253 {81,7941 176,214 2,1)00 44.811 1.700 Carrying amount At 31 Maf 2022 317,792 725 1.758 6,752 327,027 At31 Mar2021 226,818 500 1.800 2.608 13,507 245,233 17. Debtors 2022 2021 Trade debtors Prepayments and a¢¢rued income Other debtors 175,928 10,758 14,650 201.336 169,805 22,216 4,841 196,862 18. Credilors: amounts falling due within one year 2022 2021 Trade creditors Accruals and defeffed income Stxial security and other taxes Sundry creditors Other creditors 17.963 23.681 35.414 22.354 13.934 26.520 695 37,725 101.228 49.015 126,919 19. Pensions and other post rntirement benefits Defined Contriblon plans The amount reccw3nised in inconE C expenditure as an expense in relation to defined contribution plans was £14.310 {2021= £7,923). 18
Smethwick Asra Limited Company Limited by Guarantee Notes to the Financial Statsments (conlirtu•dJ Year ended 31 March 2022 20. Government grants The amounts reeognised in financial statements for govemment grants are as follows." 2022 2021 Recognised in income from dOnatS and legacies". Governrnent grants income 48.982 55,493 21. Analysis of charitable fvnds Unrestricted funds At 31 March 20 22 At 1 Apn"12021 Income Expenditure General fvnds 447,863 853,739 1837.8101 463.792 Al 31 March 20 21 At 1 April 2020 Inco¢ Expenditure General lunds 367,529 941.8 1661.5561 447,863 Restricted funds At 31 March 20 22 1 April 2021 Income Expenditure Centre Enlertsinmenl 1,400 1.400 At 31 March 20 21 At 1 April 2020 Income Expenditure Centre Entertainment 19
Smethwick Asra Limited Company Limited by Guarantee Notes to the Financial Statements {conlinu•dJ Year ended 31 March 2022 22. Analysis of nel assets between funds Ullrestred Funds Restficted Total Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 year Not assets 327.027 263.684 {126.9191 463,792 327.027 265.084 1126.9191 465.192 1.400 1,400 Unrestricted Funds Restricted Total Funds Funds 2021 Tangible fixed assets Current assets Creditors less than 1 year Net assets 245,233 300.562 197.932) 447,863 245.233 300,562 197,9321 447,863 23. Analysis of changes in net debt At At 1 Apr 2021 Cash flows 31 Mar 2022 Cash at bank and in hand 106,9 143.2481 63,748 24. Operatlng lease commitinents The total of the annual rents payable in respect of leases leminating in more than 5 years is £1,450,00012021. £1.465,0001. and within 1- 2 year5 is £70,00012021-£120.OCKI) 25. Relatgd parties None of the directors, who are also the charity's trustees. received any remuneration or reimbursemenl of expenses during Ihe year. In a Previous year the charity rented out a spafe room in ils premises lo Mrs S Mehra, ¢hair of the trustees The amount receivable was £3,000 which remains oulslanding al the year.end. No rent was receivab during the current year or the immediately preceding year.