COMPANY REGISTrATION NUMBER: 2173760 CHARITY REGISTRATION NUPIIBER: 519620 Smethwick Asra Limited Company Limited by Guarantee Financial Ststements 31 March 2025
Smethwick Asra Limited Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the directorfs report) Independent auditorfs report to the members Statement of financial activities (including income and expenditure account) Statement of financial position Statement of cash flows 10 14 15 16 Notes to the financial statements 17 Tho following pages do not forni part of the financial statements Detailed statement of financial activities 26 Notes to the detailed statement of financial activities 28
Smethwick Asra Limited Company Limited by Guarantee Trustses. Annual Report (Incorporatlng the Directorfs Report> Year ended 31 March 2025 The trustees, who are also the directors for the purposes of company law, present their report and the financial ststements of the charity for the year ended 31 March 2025. ObJectlve8 and actlvlties The prlncipal activty is the provision of health and care services to all needy, eklerly. dlsabled and famllles, particularty but not exclusively of Asian orwJin, in the Midlands Area. As an anclllary activity, assistance ts also gNen on appropriate social. recreational and educational matters. The princlpal activity fvlly rellects the purposes the charity was set up to further. The main policles adopted to achieve our aims and thus further our charitable purpo8e8 for public benefit have been by the provision ot. 1. Day Care, mainty in associatlon with Adult and Communty Services lor Bimiingham, Dudley and Sandwell Local Authoiities, for elderty and disabled peopl8 at our centres at Fenton Stree( Smelhwick and Poplar Road, Sparkbrook. 2. DomicSllary Care, rna5nly in assoclallon wtth Adult and Communlty Services Santhvell, for elderly and disabled people and those suffering from chronic illnesses. The charity is registered with the Care Quality Commission under the Care Standards Acl 2008. 3. The rental of offices and associated facillties. 4. Facllities for corrrnunity and private social functions. 5. Facilities for BlackJAfrican churche8 for Saturday and Sunday service8. 6. Facillties for Woman only educationavhealth sessions including welkbeing and foot care. Where necessary the trustees have had assistance from qualified advisors and professionals In the communlty. We revlew our aims. objectives and aclivilies each year. This review looks at what we achieved and the outcomes of our work in the previous twelve months. The review boks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The revlew also helps us ensure our aims. obiectsves and acbvilies remain focussed on our stated purposes. Strateglc report The folbwlng secttons lor achievements arKI perfomBnce and financial revlew forn the strategic report of the charity.
Smethwick Asra Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (¢onUnuodJ Year ended 31 March 2025 Achlevements and perfonnance How Our Actlvltles Deliver Publlc B•nefft The twstees have complied with their duty to have due ward to the guidance on public benefit published by the Charity Commission in exercising their powers and duties. We have continued to provide care for those who need support with their daily living via our domiciliary care service. matters is that Asian elderty suffering with poor health and disabilities get help a5 quickly as possible? Thanks to ASRA'S workers and managers. people have received uninterrupted services throughoul the year. Our domiciliary care service provided to 43 elderfy and disabled people has been improving the quality of life for the sepdice users who are often terminalty ill, recovering from a major operation, strokes or heart attacks, or who are pernnentty disabled. The Servi supports and assists the carers and families in personal and domestic tasks and tries to share the burden of looking after someone 24 hours a day. In the last financial year. we provided 37.679 hours of home care to eldety and disabled service users. We have continued to provide care services for those suffering with poor health and disabilities and need support with their daily living. The activities of the day centres include transport, meals, exercise sessions, altemalive therapy and health promotKynlprevention sessions. Our day care service provided 7.228 places during the year. The main highlight of the year has to be we were chosen by West Midlands Combined Authority for ts High Growth Accelerator ProgramrrE (HGAP) designed to Stimulate regional economic growth and support small and medium sized enterprises delivered by Gateley Global Consultancy. The HGAP has been extremely successful for us and has delNered added value to the business and accelerated our growth trajectory. A consultancy-based support initiative that has provided strategic guidan and business development assistance. The support delNered by HGAP has been." Corporate and branding suppor( Development of a marketing an, Leadership development master class, Group coaching for Senior Management Team (SMT). Recruitment support for a businesslmarketing apprentKe, Cyber security advice and, Net zero support and advice regarding funding. Advice regarding expanded service capacty and infrastrure, and modemising marketing approach. Once agaln it has been a successful year for us in financial tern. Our income has inwsed to £1.4 million which represents an increase of 26% over the previous year. This was a planned growth and tlIt on the success of the previous year. whith was in itself a record year for us. We have also benefited from increased focus that the Grrywth Programme has given to all of the Board Members and the Senior Management Team. The growth is across all areas of our business and, anticipate this will continue into the forthcoming year ending 31 March 2026. We aim to grow in a measured way and fine-tune the organisation alongside IL Our main push this year will be to identify and secure grant funding for both capital and revenue activities. We a aware that costs will have to increase as part of the growth. some of which may be signiant stepcosts. We are aiming to increase our operating surplus to provide a buffer and allow us to invest in our facilities, transpor( and upscaling our workforce as part of our forecast growth.
Smethwick Asra Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (Clnuedj Year ended 31 March 2025 Achlovements and porforniance (condnuedj Another SucSs Story for the year has been the cr&10n of a children's educational role play village by Plppatopia on the first floor of ASRA'S Health and Social Care Centre. This will generate an additional £150,000 in rental Incorr for the charity over the next fve years with minimal effect on costs. We have started to implement our new marketirvJ strategy which will include the encouragement of service users lo provide reviews of our business on our website and social media pages. Social media marketing is no longer about communication, but Rther, it has evofved into a medium through which people share their experiences, useful inf0mtion, ideas, and thoughts. In addittcm. social media facilitstes brand knowledge to be passed on by word-of-mouth. PeopEe tend to rely on these sources more as opposed to other matheling methods. Flnancial revlew The majority of our income is derived rrointy from contracts with Local Authorities and a proportion from private individuals and from long and short-tenn letting of our Smethwick premises. All of the charity's incorr* is directed towards the provision of its core services of day care and domiciliary care the trustees consider all income to be unrestricted in its use. In a previous year a donation of £1,400 was r1Ved lo be used for a party. This was spent during the year in organising a day trip to the West Midlands Safari PaTK service user lunches and similar activities. Total income for the year increased from £1,109.272 in 2024 to £1.396,859 in 2025. This reflects the growing need for our services and is built on the reputalion the charity has for delivering high quality services. Totsl expenditure also increased, from £1,004.613 in 2024 to £1.322.218 in 2025. This includes the restricted fund expenditure of £1,400 referred to above. The net result was a surplus on general funds kn the year of £76.041 (2024: £104,659). Thts amount has been added to reserves to assist in developing futu services. Free reserves, ie those not comFxising fixed assets stood at £344.236. Investments We consider the best use of resources is to invest in our services. whether existing or potential new ones. Consequently there are no plans to place funds in long-temi investments. The onty investments we may make are short-temi deposts eaming interest
Smethwick Asra Limited Company Limitsd by Guarantse Trustees. Annual Report (Incorporating the Director's Report) (condnued) Year ended 31 March 2025 Flnanclal revlew (conunued) R•serves The board has examined the company's requirements for reseDies in the light of the main risks to the charity. The unrestricted funds not committed or invested in tangible fixed assets are needed to 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 current activities of the charity in the event of a significant drop In funding and are working towards this. The are initial plans regarding addltional seNlces that might be provided depending upon funds being available. Our aim is to continue to build resources from planned operating surpluses. The Treasurer reviews the resenfes policy on a monthly basis ensuring that the nomal day to day 8cts'vities are not hindered. There is no specific amount of reserves considered necessary by the board and finance committee, which meet5 quarterly. and the intention Is that they have at their disposal: Budget and actual for the current year. Budget for the next year. Monthly bank reconciliations and bank balances. Reports from all relevant departments. Plans for future perlods Future Plans A major development of the year is our proposal to create a Community Hub next to our flagship Health and Social Care Centre. We are proposing a two-storey extension to the southwest elevation of Ihe existing building. This will provide a cost*ffective. flexible, and rnultifunctional space for a wide range of communty activities. The design prioritises sustainability, incorporatlng ener9yffiClent systems, natural materials, and eco-friendly technologies to minimise environmental impact while ensuring long-term durability. The new extension will offer adaptable spaces that can easily be reconfigured to meet the evolving needs of the community. It will support various uses such as vrforkshops, events, educational programmes. well-being services and social gatherings. Our vision Is to create a vibrant, inclusive space that fosters connection, engagement, and growth. At the same tlme it will contribute to the overall regeneratlon of the community in Smethwick. By creating a larger, more accessible space, the extended centre will become a vibrant hub at the heart of the community, offering a safe and inclusive environment. Tre overall vision is to enrich the quality of life for Smethwick residents, strengthen communty connectlons, and provide a platfonn for personal development and collective growth.
Smethwick Asra Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directo8 Report> (conunuedj Year ended 31 PAarch 2025 Plans for future p•rfods (eononuedj Mark•tlng As part of our marketing plan, we will produce client video testimonials for use on our website to demonstrate the real opinions of the people we seNe. Alongside the use of our website and S[la1 media pages, we will undertake email marf(etlng and social media marketing to ensure we reach more peop to encourage and facilitate greater access to the services we provide. ASRA will not overwhelm its users with marketing but will create email campaigns which are launched carefully and sensitively. will target relevant client segments so that the designed content is suitsble for users and delivers the right rrftssage. ASRA wlll also help In building PR and building a channel of communication. The emalls will contain the website link, newsletters, infonnation-based conten( and service details. An email list will allow ASRA to delNer updates arKI content to the customer base and create more awareness for the company. StructUrn¥ gov•mance and managomMt We are a charltable company limited ty guarantee, Incorporated on 5th October 1987 and reglstered as a charity on 11th December 1987. The company was estsblished under a Memorandum of Association which sets out the objects and powers of the charitable company and is govemed under Its Articles of Association. In the event of the company being wound up members are requlred lo contsibute an amount not exceeding £1. Our govemance structure is an integral part of the way we delNer our obligations and strategy, supporting effective decision making. There is a depth of experience amongst members who are responsible for Asra's strategic direction and sustainabilty. We are dedicated to a hh standard of governance and follow best practice for guidance. There are currently four board members fonnlng a good cross-section of ¢ommunty representatlon. Generally all members are active in the communty and are professional working people. Their backgrounds cover business and educatlon. local govemmenc constructs'on, and community and care development fields. The current trustees are shown on page 7. Mr A Singh was re4ppointed to the board on 20 January 2025 and Mr IJ Mamaha resigned from the board on 3 March 2025. The following trustees retire but will stand for re-appolntment at the forthcoming AGM: Mrs Sangeeta Mehra-currenty chair of trustees Mr Mohammed Salim-currently Tr&7surer For th8 purposes of cMipany law the trustees are the directors of the Company. They give their time voluntarily and receive no remuneration or beneffts from the company in their role as trustees. 8oard meetings are hekd quartety or more frequenty when necessary and the board is responsible for the strategic direction and policy ol the charity.
Smethwick Asra Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {conllnu Year ended 31 March 2025 Stru¢ture• governance and management (condnuedj A scheme of delegation is in place and day to day responslbillty for the provision of the services rests with the Projects Director. The Projects Director is responslble for ensuring that the charity delivers the seNices specified and that the key performance indicators are The Gharity has created two new posts: Dewty Director Strategic Planning and Buslness, and Deputy Director Operational Servlces The Deputy Director Operational Services is responsible for the operation of care services, Local Authority contract compllance, maintenance of Care Quality Standards, management of the staff team and also ensuring that the team continue to develop their skills and working practices in ¢xder to deliver high quality services. The board of trustees has the responsibility for ensuring that the organisation has in place an appropriate system of control, financial and otherwise to provide asOnable assurance that the charity is operating efficiently and effectively; its assets are safeguarded against unauthorised use or disposition; that proper records are maintained and financial infonnation used within the charity for publication is reliable; and the charity complies with relevant laws and regulations. It is the role of the Treasurer to examine the effectiveness of the systems of Internal financial control on behalf of the board so that any signfficant findings or identified risks can be acted upon. Systems of financial control are designed to provide reasonable, but not absolute assurance against material mis-statement or loss. The current business plan includes: An annual budget for approval by the board. Regular consideration by the board of actual results compared wSth budgets and forecasts. Delegation of authority to spend within dearly defined limits. Identificatlon and management of financial risks by the board and line management. As the charty grows additional internal controls will be introduced to support Ihe current structure. Executive management Day to day management is delegated to the senior management team which consists of J Parvez (Executive Director) V Breakwell (Deputy Director Strategy and Business Planning) J Harrison (Deputy Director Operational Services) S Kaur (Care Manager) T Kundi {Registered Care Manager)-Ms Kundi resigned her position after the year-end and her role is Currently taken by S Mahmood (acting Care Manager).
Smethwick Asra Limited Company Llm6tsd by Guarantee Trustses. Annual Report (IncorporatSng the Directorfs Report) {rnndnuedJ Year ended 31 March 2025 Reference and admlnistrative details Regl8tered charlty name Smethwick Asra LiThited Charlty r•glstratlon number 519620 Company reg18tratlon number 2173760 Prlnclpal offlc• and reglsterod ASRA Health and Social Care Centre office Fenton Street Smethw West Midlands B66 1HR The tNstee8 Mrs S Mehra£halr Mr A Singh Mr l Marwaha-secretary Mr M Salim-Treasurer Mr S Singh (Appointed 20 January 2025) (Retired 3 March 2025) Audltorn Malcolm Wllcox & Co Chartered Certified Accountants Hagley House 93 Hagley Road Birmingham 816 8LA Bank•r8 Lloyds Bank plc Trustees. rnspon8lbllltl•8 8tatement The trustees, who are 81so directors for the purposes of company law, are responsible for preparlng the trustees, report and the financial staterrthts in accordance with applicable law and United Klngdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice>. Company law requires the charity trustees to prepare financlal statements for each year which give true and fair view of the state of affairs of the charitable company and the irujming resources and application of resources, including the income and expenditijre, for that period.
Smethwick Asra Limited Company Limitsd by Guarantee Trusteo8' Annual Report (Incorporating the Director's Report) {conUnuedJ Year ended 31 March 2025 In preparing these financial statements, the trustees are required to: select suitable accounting pollcies and then apply them conslstently; observe the methods and principles In the applicable Charities SORP; make Judgments and accounting estlmates that ara reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any materlal departures disclosed and explained in the financial statements; prepare the financlal statements on the going concern basis unless It Is Inappropriate to presume that the charity wlll contlnue In busln8SS. The trustees are responsible for keeplng adequate accountSng records that are sufflcient to show and explaSn the charity's transactions and disclose wlth reasonable accuracy at any tlme the financlal position of the charity and enable them to ensure that the financial statements comply wlth the Companies Act 2006. They are also responslble for safeguarding the assets of the charity and hence for taking asOnable steps for the preventlon and detectlon of fraud and other Irregularities. The accounts have been prepared in accordance wlth the accountlng policies set out In note 1 to the accounts and comply with the Charlty's Memorandum & Articles of Assoclatlon, the Companles Act 2006 and the provlslon8 of the Statement of Recommended Practice (SORP), applicable to Charltles preparing their accounts in accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) published in October 2019. The company quallfies as a small company under Section 383 of the Companles Act 2006. Audltor Each of th8 persons who Is a trustee at the date of approval of thls report confimis that: so far as they are aware, there18 no relevant audit Information of whlch the charity's audltor is unaware; and they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audlt Infomiatlon and to establish that the charity's audltor Is aware of that information. The auditor is deemed to have been re-appointed In accordance with sectlon 487 of the Companles Act 2006.
Smethwick Asra Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (conllnued) Year ended 31 March 2025 The trustees, annual report and the strategic report were approved on 17 July 2025 and signed on behalf of the board of trustees by.. SMEH (MRS) Chair
Smethwick Asra Limlted Company Limited by Guarantee Independent Auditorfs Report to the Members of Smethwick Asra Llmited Year ended 31 March 2025 Oplnlon We have audlted the financial statements of Srnetk Asra Limited (the 'charitable company.) for the year ended 31 March 2025 which comprise the ststement of financial activities (induding income arKI expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, In¢luding FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdorn Generalty Accepted Accounting Practice). In our oplnion the financlal statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of ts incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properfy prepared in accordance with United Klngdom Generally Accepted Accounting Practice; have been prepared In accordance wlth the reqUIrents of the Companies Act 2006. Ba8ls for oplnlon We conducted our audit in accordance with International Standards on Audrting (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the audltorfs responsibilities for the audtt of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and approprrate to provide a basis for our opinlon. Conclu8lon8 relatlng to golng concern In auditing the firkqnclal statements, we have concluded that the trustees. use of the going concern bas18 of accountlng In the preparation of Ihe financial statements Is appropriate. Based on the work we have perfomwd, we have not identified any material uncertainties relating to events or conditions tha( Individually or collectNety. may cast significant doubt on the charity's abillty to continue as a going concem for a period of at least twelve months from when the financl statsments are authorised for issue. Our responsibilities and the responsibilities of the trustees wrth respect to going concem are described in the relevant sections of this repo 10-
Smethwick Asra Limited Company Limitsd by Guarantee IndependentAuditorfs Report to the Members of Smethwick Asra Lirnited {condnued) Year endad 31 March 2025 Other Informatlon The other information comprises the information included in the annual report, other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other Information. Our opinion on the financial statements does not cover the other information and, except to the extent oth8pwlse explicitly ststed in our report, we do not express any form of assurance conclusion thereon. In connection wlth our audSt of the financial ststements, our responslblllty Is to read the other Information and, In doing so, consider whether the other information is materially Inconsistent with the financlal statements or our knowledge obtained Sn the audit or otheIse appears to be materially misstated. If we entIfy such materlal inconsistencies or apparent materlal mlsstatements, we are required to determine whether there is a material misstatement in the financlal statements or a material mlsslatement of the other infomiation. If, based on the wod( we have performed, we conclude that there Is a material mlsstatement of this other InformatSon, we are requlred to report that fact. We have nothlng to report In this regard. Oplnlon8 on other matter8 pr•8crlbed by the Compan1•8 Aet 2006 In our oplnlon, based on the work undertaken In the course of the audit: the Information glven in the trustees, report for the financial year for whlch the financlal ststements are prepared Is consistent with the financlal 8tatements; and the trustees, report has been prepared In accordance with applicable legal requirement8. Mattern on whl¢h we are requlred to report by excepllon In tho light of the knowledge and understandlng of the charitable company and Its environment obtsined In the course of the audlt, we have not identified materlal mlsstatements In the truste8S' report. We have nothlng to report In respect of the following matters In relation to whlch the Companles Act 2006 requires us to report to you If, in our opinion: adequate accounting records have not been kept, or relurns adequate for our audlt have not been received from branches not visited by us; or the financlal statements are not in agreement with the accountlng records and returns; or certain dlsclosures of trustees, remuneration specified by law are not made; or we have not received all the informatlon and explanations we require for our audlt. 11
Smethwick Asra Limited Company Llmited by Guarantse Independent Auditorfs Report to the Members of Smethwick Asra Llmited (¢¢)nNnued) Year ended 31 March 2025 Responslbllltles of trustees As explained more fully in the trustee5' responsibilities statement. the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necessary to enable the preparation of financlal statements that are free from materlal mlsstatement. whether due to fraud or error. In preparing the financial statements, the trustees are responslble for assessing the charitsble company's ability to continue as a going concern, disclosing. as applicable, matters related to going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the charltable company or to cease operations, or have no reallstic altemative but to do so. Audltorfs responslbllities for the audlt of the flnancial statsments Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individualty or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial ststements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We deslgn procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detectlng irregularities, including fraud is detailed below: The audit process includes an assessment of the entity's risk environment, through enquiry of and discussion with management and those charged with govemance, including an assessment of any key laws and regulations with which the charitable company must comply in the ordlnary course of its operations. Additionally, the overall risks of irregular transactions occurring are assessed following our observations and confirmation of the design and implementalion of managemenfs controls. Whilst we are mindful of these risks. our audit focus is geared towards the risk of materlal misstatement in the financial ststements as a whole. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, induding those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements as we wlll be less likely to become aware of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. 12-
Smethwick Asra Limited Company Limited by Guarantee Independent AUdit0S Report to the Members of Smethwick Asra Limited (contlnued) Year ended 31 March 2025 A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.or .uklauditorslaudit-assurancelauditors- responsibilities-for-the-audit. This description forms part of our auditorfs report Malcolm HJ Willcox FCCA Senior Statutory Auditor Malcolm Willcox & Co Chartered Certified Accountants & Registered Auditors Hagley House 93 Hagley Road Birmingham 816 8LA 18 July 2025 13-
Smethwick Asra Limited Company Limited by Guarantee Statement of Financial Activities (Includlng income and expenditure account) Year ended 31 March 2025 2025 Unrestrlcted Restricted funds funds Total funds Total funds 2024 Note Income and endowment8 Donations and legacies Charitable activities Other trading activitss Investment income 496 1.369.855 19.623 685 1,39669 2,498 1,097,715 7,310 1,749 1,109,272 1,369,855 19,623 6,885 1,396.859 Total Income Expendlturo Expenditure on charftable activities Total oxpendlturn 9,10 1,320,818 1,320,818 1,400 1,400 1,322,218 1.322.218 1,004,613 1,004,613 Not Income and net movement In funds 76,041 (1,400) 74,641 104,659 Recon¢lllatlon of fund8 Total funds brought forward Total fund8 carrl•d forwa 610,489 686.530 1,400 611.889 507,230 686,530 611,889 The statèment of flnancial activitles includes all galns and losses recognised In the year. All income and expendlture deTive from continuing activities. The notes on Pa 17 to 24 form part of these finan¢lal statements. 14-
Smethwick Asra Limited Company Llmited by Guarantse Statement of Financial Position 31 March 2025 2025 2024 Flxed assets Tangible fixed assets 16 342.294 329,572 Cuwent assets Debtors Cash at bank and in hand 17 190,183 291.127 128,176 228,188 481.310 356,364 Creditor6: amounts falllng duo wlthln one year Not current assets 18 137.074 74,047 344.236 282.317 Total assets less current liabilities 686,530 686.530 611,889 611,889 Net a8s•ts Funds of the charlty Restricted funds Unrestricted funds 1,400 610,489 611,889 686,530 686.530 Total charfty funds These fmancial statements were approved by the board of trustees and authorised for issue on 17 July 2025, and are sned on behalf of the board by: EHRA (MRS) M SALIM Chair Trustee Tho note8 on pages 17 to 24 form part of these financlal statements. 15-
Smethwick Asra Limited Company Limited by Guarantee ststement of Cash Flows Year ended 31 March 2025 2025 2024 Cash flows from operatlng activi•8 Net income 74.641 104,659 Adjustments for Depreciation of tangible red assets Profft on disposal of tangible fixed assets Dividends. Interest and rents from investments Interest payable and similar charges Accrued expensesl{income) 16.948 (2,0821 (6,8851 873 16.326 14,942 (222) {1,749} 1,838 (717) Changes in." Trade and other debtors Trade and other creditors (62,007) 46.701 40.152 {15.786) 143,117 Cash generated from operations 8416 Inte5t paid Net cash from operating activities 1873) 83.642 (1,838) 141.279 Cash flows from Investlng activities Dividends. interest and rents from investments Purchase of tangible assets Proceeds from sale of tsngible assets Net cash used in investing activities 6,885 130,670) 3,082 120,703) 1,749 (20,480) 647 (18,084) Net increase In cash and cash equlval•nts Cash and cash equivalents at beglnnlng of year Cash and Cash equivalents at end of year 62.939 228.188 291.127 123.195 104.993 228,188 The notss on page$ 17 to 24 fomi part of these flnancial statements. 16-
Smethwick Asra Limited Company Llmlted by Guarantee Notes to the Financial Statements Year ended 31 March 2025 General inforniatlon The charity is a public benefft entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is ASRA Health and Social Care Centre. Fenton StreeL Smethwick, West mlandS, B66 1 HR. I Statement of compllance These financial staiements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in Ihe UK and the Republic of Ireland,. the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting stsndard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 26. Accountlng policies Basis of preparation The financial statements have been prepared on the historical cost basis. Going concem The are no material uncertainties about the ch*iVs ability to continue. Judgements and key sources of estsmatlon uncertalnty The Pfeparation of the financial slatements requires rrranagement to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on expienCe and other factors, including expectats.ons of future events that are believed to be reasonable under the circumsLqnces. Significant judgements In the opinion of the trustees there are no judgements (apart from those invofving estimations) that management has made in the prcKess of applying the entity's accounting policies that have a signfficant effect on the amounts recognised in the financial statements. Key sources of estimation uncertainty Accounting estimates and assumptions are made conceming the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a sn1ftant risk of causing a material adjustsnent to the carrying amounts of assels and liabilities within the next financial year are as follows: Thal the depreciation provided on the leasehold properties and other assets is neither excessive or insufficient in relation to aclual impaimient suffered. The carrying values of the assets are £342,294. That the service debtors, having made albwances for disputes and bad debts a recoverable at the stated carying value of £182,607. 17-
Smethwick Asra Limited Company Limited by Guarantee Notes to the Flnancial Statements (conllnued) Year ended 31 March 2025 Accountlng pollcles (¢onllnu•d) Fund accountlng Unrestricted funds a available for use at the discretion of the trustees to fvrther any of the charity's purposes. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of Iwo sub-classes: restricted income funds or endowment funds. There are currentty no restrlcted fijnds held. Incomlng r•sources Income All income Is included in the statement of financial activlties when the charity is entftled to the incorne, any performance related conditions attached have been met or are fully within the control of the charity. the income is considered probab, and the amounl can be quantified with reasonable accuracy. The follth¥ing specific policles are applied to partlcular categories of income: Donations and legacy income is received by way of donations, legacies, grants and gifts and 18 Included in full In the Statement of Financial Actsvrties when receivable. Grants, where entitlement is not conditional on the delNery of a specific performance by the charity, are recognlsed when the charity becomes unconditionally entitled to the grant. Investment income, including income from propety letting and room-hire is included when receivable. Resou•$ expended Expendlture Expenditure is recognlsed on an accruals basls as a Ilabllity is incurred. Expenditure includes all VAT as this cannot be recovered. and is reported as part of the expenditure to which it relates: Costs of raising funds comprise the costs associated with attracting donations, grants and legacies and the costs of trading for fundralsing purposes. Charitable expenditure comprises those costs incurred by the charity in the delNery of its activities and services for Its beneficiaries. It includes both costs that can be all¢xated directty to such activities and those costs of an indlrect nature necessary to support them. Other expenditure includes all expenditure that is neither related to raising funds for the charlty nor part of its expendlture on charitable activities. All costs are allocated betrween the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular actlvlty are allocated direct5y, others are apportioned on an appropriate basis. Tanglble a88•ts Tangible assets are initialty recorded al cost and subsequenlty stated at cost less any accumulated depreciation and Impalmnt losses. -18-
Smethwick Asra Limited Company Limited by Guarantee Notes to the Financial Statements (conthued) Year ended 31 March 2025 Accountlng policies (conthiue Deprnclatlon Depreciation is calculated so as to V•rite off the cost or valuation of an asse( less its residual value, over the useful economic life of that asset as follows: Long Leasehold Furniture Motor Vehicles Office Equipment Short Leasehold Over the term of the lease-125 years 25°A straighl line 33°A straight line 25Vo straight line Over the term of the lease Impaimient of fixed assets A review for indicators of impaimient is carried out at reporting date, with the recoverable amount being estimated where such indicators exisL ere the carrying value exceeds the recoverable amounc the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. Flnancial instruments A financial asset or a financial liability is recognised onty when the entity becomes a paty to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the armunt receNable or payable including any lated transaction costs. Current assets and current liabilities a subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Defined contrlbullon plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. Limited by guarantee company is limited by guarantee. In the event of a winding up or dissolution of the company memberfs liabilty is limited to £1 each. At 31 March 2025 there were 4 members. Donatlons andlogacies Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donations Donations 60 60 Other donatlons and lega¢ies Sundry incoff 2.438 2,438 2,498 2.498 19-
Smethwick Asra Limited Company Limited by Guarantse Notes to the Financial Statements (conllnu Year ended 31 March 2025 Charitable actlvftles unreStrted Total Funds Unrestrlcted Total Funds Funds 2025 Funds 2024 Day and home care services 1.369,855 1.369.856 1,097,715 1,097,715 Othor tradlng actlvltl•s Unrestricted Total Fund8 Unrestricted Total Funds Funds 2025 Funds 2024 Letting and licensing 19.623 19.623 7,310 7,310 Invo8tm•nt Incomo Unrestricted Total Fund• Unrestricted Total Funds Funds 2025 Funds 2024 Income from cash Investments 6.885 6,886 1,749 1,749 Expendfturn on ¢harttabl• actlvftles by lund typo Unrestricted Funds Restricted Totsl Funds Funds 2026 Home and day care Support costs 1,232,311 88,507 1,320,818 1,400 1,233,711 88,507 1,322,218 Unrestricted Funds Restrlcted Total Funds Funds 2024 Home and day care Support costs 933,077 71,536 1.004,613 933,077 71.536 1,004,613 10. Expendlture on charltable activftles by actlvlty ty Activities undertaken directy Support Total funds 2025 Total fund 2024 Home and day care Governance costs 1,233,711 77,834 10,673 88,507 1,311,545 10,673 1,322,218 995,025 9,588 1,233,711 1,004,613
Smethwick Asra Limited Company Llmited by Guarantee Notes to the Financlal Statsments (eonthiuedj Year ended 31 March 2025 11. Analys18 of 8UPPOrt costs Care Costs Total 2025 Total 2024 Stsff costs Finance costs Governance costs 77,835 872 9,800 77,836 872 9,800 88,507 61,948 1,838 7,750 71,536 88.507 12. Net Income Net Income Is stated after chargingl(credlting): 2026 2024 Depreclation of tanglble fixed assets (Profit) on disposal of fixed assets Operatlng lease rentsls 16,948 12.082) 64,042 14,942 (222> 64,492 13. Audttorn, remuneratlon 2028 2024 Fees payable for the audit of the financial statements 6.000 4,200 14. Staff costs The total staff costs and employee benefits for the reportlng perlod are analysed as follows: 2026 2024 Wages and salaries Soclal security costs Employer contrlbutions to pension plans 863,133 64,596 25,412 933,141 663,917 39,265 10,740 713,922 The average head count of employees during the year vrds 55 {2024: 43). The average number of full-time equivalent employees during the year Is analysed as follows: 2025 No. 2024 No. Number of management staff Number of administration and support Number of care and ancillary staff 30 35 No employee received employee benefits of more than £60,000 during the year (2024: Nil). 21
Smethwick Asra Limited Company Limitsd by Guarantea Notes to the Financlal Statements (condnuedj Year ended 31 March 2025 14. Staff costs (condnuedj Key Management Personnel In the opinion of the twstees the key management personnel during the year were the Projects Director and the Care Managers. Thelr total remuneration during the year was £107,365 consisting of £93,378 for short-term compensatlon and £13,987 for post-employment benefits. Total compensation in 2024 was £105,477. In addition. the tsvo deputy directors who were engaged on a self-employed basis, Yre paid £17,218 during the year 15. Trustee remuneratlon and expenses no remuneratlon or other benefits from employment with the charlty or a related entity were received by the trustees. 16. Tanglble fixed assets Long leasehold Fixtures and propaty fittings Short leasehold propety Motor vehlcle8 Equipment Total Cost At 1 Apr 2024 Addltions Dlsposals At 31 Mar 2025 397,242 17.580 6,160 10,200 24,510 (2,800) 31,910 3,458 55,005 483,485 30,670 12,800) 511.356 397,242 23,740 3,458 55,005 Doprnclatlon At 1 Apr 2024 Charge for the year Dlsposals At 31 Mar 2025 85,806 5,116 5,800 3,408 53,783 163,913 3,178 4,348 8,200 (1,800) 12,200 1,222 16,948 (1,800) 169,061 88,984 9,464 3,408 55,005 Carrylng amount At 31 Mar 2025 308,258 14.276 19,710 50 342.294 329,572 At 31 Mar 2024 311,436 12,464 4,400 50 1,222 17. Debtors 2025 2024 Trade debtors Prepayments and accrued income Other debtors 182,607 124,102 2,500 1.574 7.576 190.183 128,176 -22-
Smethwick Asra Limited Company Limited by Guarantee Notes to the Financlal Statements (conthiuedj Year ended 31 March 2025 18. Credltors: amounts lalllng due wlthln one year 2025 2024 Trade creditors Accruals and deferred income Social security and other taxes Other creditors (1051 20,526 29,248 87,405 137,074 2,188 4,200 8,842 58,817 74,047 19. P•nslon8 and other post retlrement beneflts Deflnod contrlbutlon plans The amount recognlsed in income or expendlture as an expense In relatlon to defined contributlon plans was £25,412 (2024: £10,740). 20. Analys18 of charltable funds Unro8trfcted funds At 1 April 2024 At 31 March 2025 Income Expenditure General funds 610,489 1,396,859 (1,320,818) 686,630 At 1 April 2023 At 31 March 2024 Income Expenditure General funds 505,830 1,109,272 (1,004,613) 610,489 Re8trlcted fund8 At 1 Awil 2024 At 31 March 2025 Income Expendlture Centre Entertainment 1,400 (1,400) At 1 April 2023 At 31 March 2024 Income Expenditure Centre Entertalnment 1,400 1,400 -23-
Smethwick Asra Limited Company Limited by Guarantee Notes to the Financial Statements (condnued) Year ended 31 March 2025 21. Analys18 of net assets betwaen funds Unrestricted Restricted Total Funds Funds Funds 2025 Tanglble fixed assets Current assets Creditors less than 1 year Not assets 342.294 481,310 (137,074) 686,530 342,294 481,310 1137,074) 686,530 Unrestricted Restricted Total Funds Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net auets 329,572 354,964 (74,047) 610,489 329,572 356,364 (74,047) 611,889 1,400 1,400 22. Analys18 of changes In not debt At At 1 Apr 2024 Cash flows 31 Mar 2025 Cash at bank and In hand 228,188 62,939 291.127 23. Op•ratlng lea80 commltments The total future rninimum lease payments under rn-canCelIabI8 operating leases are as follows: 2026 2024 Not later than 1 year Later than S year8 12,500 1,421.000 1A06.500 1,406.500 1,433,500 24. Relatsd partles None of the dlrectors, who are also the charitys trustees, receNed any remunerauon or reimbursement of expenses during the year. During the year. a debt due from Mrs S Mehra, chair of the trustees, relalAng to room hire from previous year was paid in full.