SKILLS WORK AND ENTERPRISE DEVELOPMENT AGENCY LTD
SWEDA's primary objective is 'for the relief of unemployment for the public benefit'. It is SWEDA's mission to be an independent and authoritative advocate to support disadvantaged people across Sandwell and the Black Country towards employment and/or self-employment. Our vision is that all deprived communities have access to equal opportunities for employment
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £183,676, which the trustees confirm meets their policy of maintaining a minimum of six months' overhead costs. The charity reported a net income of £141,309 for the year and holds total funds of £580,165, with £300,000 designated for specific purposes such as sourcing new premises.
What the accounts disclose
“The trustees have set out a policy to maintain a minimum of 6 months overhead costs in reserves.” — page 7
Funders the charity credits
- The National Lottery Community Fund
- West Midlands Combined Authority
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Matthew Innisschair
- Emaan Syed
- ICYLINE O'CONNER
- PERMJEET PANESAR
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £588k | £447k |
| 31/03/2024 | £451k | £333k |
| 31/03/2023 | £353k | £293k |
| 31/03/2022 | £322k | £295k |
| 31/03/2021 | £432k | £312k |
Common questions
Is SKILLS WORK AND ENTERPRISE DEVELOPMENT AGENCY LTD financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £183,676, which the trustees confirm meets their policy of maintaining a minimum of six months' overhead costs. The charity reported a net income of £141,309 for the year and holds total funds of £580,165, with £300,000 designated for specific purposes such as sourcing new premises. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 30/06/2022 | £396k | Making A Difference For Everyone |
| UK government | 18/06/2020 | £60k | Coronavirus Community Support Fund |
| The National Lottery Community Fund | 23/01/2020 | £1k | Sweda Community Celebration Event 2020 |
| The National Lottery Community Fund | 17/05/2019 | £10k | Unlock Universal Credit |
| The National Lottery Community Fund | 18/11/2015 | £10k | Money and Me! |
| The National Lottery Community Fund | 07/05/2014 | £10k | ICT 4 Employment |