SKILLS WORK AND ENTERPRISE DEVELOPMENT AGENCY LTD

Registered charity 1158859 · accounts filings on the Charity Commission register · also known as SANDWELL WOMEN'S ENTERPRISE DEVELOPMENT AGENCY, SWEDA

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

Causes: Education/training · The Prevention Or Relief Of Poverty · Economic/community Development/employment · website · Get email alerts

Latest income
£588k
Latest spending
£447k
Registered
2014
Accounts read
FY2025

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.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: 6 months overhead costs (held: £184k)
“The trustees have set out a policy to maintain a minimum of 6 months overhead costs in reserves.” — page 7
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

Structured financials (annual return, FY ending 31/03/2025)

Total income
£588k
Total spending
£447k
Reserves (reported)
£484k
Employees
15

Reported reserves equal ~13.0 months of spending — in the top quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Charitable activities (99% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Birmingham City · Dudley · Sandwell · Wolverhampton

Income and spending

Financial year endIncomeSpending
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

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Community Fund30/06/2022£396kMaking A Difference For Everyone
UK government18/06/2020£60kCoronavirus Community Support Fund
The National Lottery Community Fund23/01/2020£1kSweda Community Celebration Event 2020
The National Lottery Community Fund17/05/2019£10kUnlock Universal Credit
The National Lottery Community Fund18/11/2015£10kMoney and Me!
The National Lottery Community Fund07/05/2014£10kICT 4 Employment