THE ASHA FOUNDATION
Financial health, per its FY2022 accounts
The accounts state that the charity achieved a surplus of £335,087 for the year ended 30 November 2022, with total unrestricted funds of £3.62 million and restricted funds of £0.63 million. The trustees report that the charity has adequate resources to continue in operational existence, noting no material uncertainties regarding going concern. However, the strategic report highlights future challenges due to the end of Erasmus+ funding and cost inflation, stating the trustees are aware of the need to generate further revenue sources.
What the accounts disclose
“Employees: During the current and previous year the charity employed individuals who are related to a trustee. These individuals are not employed under any special terms and are remunerated in the normal course of business.” — page 25
“The consolidated statement of financial activities (SOFA) and consolidated balance sheet consolidate the financial statements of the charity and its wholly owned subsidiary, The Asha Centre Limited, company registration number 13917898” — page 17
Structured financials (annual return, FY ending 30/11/2023)
Trustees
- Adrian Mark Locher
- Alexander John Scott
- RICHARD DAVID GIFFORD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2024 | £287k | £355k |
| 30/11/2023 | £521k | £516k |
| 30/11/2022 | £881k | £546k |
| 30/11/2021 | £547k | £524k |
| 30/11/2020 | £568k | £662k |
Common questions
Is THE ASHA FOUNDATION financially healthy?
The accounts state that the charity achieved a surplus of £335,087 for the year ended 30 November 2022, with total unrestricted funds of £3.62 million and restricted funds of £0.63 million. The trustees report that the charity has adequate resources to continue in operational existence, noting no material uncertainties regarding going concern. However, the strategic report highlights future challenges due to the end of Erasmus+ funding and cost inflation, stating the trustees are aware of the need to generate further revenue sources. Its FY2022 accounts were audited by Kingscott Dix (Cheltenham) Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ONE FOOTSTEP | 1 | — |
| The Gerald and Gail Ronson Family Foundation | 1 | £200k |
| REIFER MEMORIAL LIMITED | 1 | £55k |
| MYISRAEL | 1 | £54k |
| KEREN TRUST | 1 | £5k |
| THE THOMAS FARR CHARITY | 1 | £5k |
| THE DEO GLORIA TRUST | 1 | £4k |
| WOODLANDS GROUP OF CHURCHES | 1 | £0 |