SMETHWICK ASRA LIMITED
Financial health, per its FY2023 accounts
The accounts state that the charity generated a surplus of £42,038 for the year ended 31 March 2023, increasing total net assets to £507,230. The trustees report that free reserves stood at £182,771, noting that unrestricted funds are needed to meet working capital requirements and sustain activities in the event of a significant drop in funding. The charity is dependent on Local Authority contracts for the majority of its income, with the trustees actively reviewing reserves policies to build resources from planned operating surpluses.
What the accounts disclose
Structured financials (annual return, FY ending 31/03/2025)
Care Quality Commission ratings
- ASRA - Smethwick: Good
Trustees
- Amrik Nagra
- MOHAMMED SALIM
- SANGEETA MEHRA
- SUCHA SINGH
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.4m | £1.3m |
| 31/03/2024 | £1.1m | £1.0m |
| 31/03/2023 | £982k | £940k |
| 31/03/2022 | £855k | £838k |
| 31/03/2021 | £942k | £862k |
Common questions
Is SMETHWICK ASRA LIMITED financially healthy?
The accounts state that the charity generated a surplus of £42,038 for the year ended 31 March 2023, increasing total net assets to £507,230. The trustees report that free reserves stood at £182,771, noting that unrestricted funds are needed to meet working capital requirements and sustain activities in the event of a significant drop in funding. The charity is dependent on Local Authority contracts for the majority of its income, with the trustees actively reviewing reserves policies to build resources from planned operating surpluses. Its FY2023 accounts were independently examined.