Asate Ltd

Analysis

Asate Ltd is a registered charity in England and Wales, based in London. It was registered in June 2013, 13 years ago. Its declared purposes cover general charitable purposes, education/training and the prevention or relief of poverty, which this site groups under poverty relief. Legally it is a charitable company (Companies House number 08410802). It says it makes grants to individuals and makes grants to organisations.

In the financial year ending February 2025, Asate Ltd reported income of £880k and spending of £367k, leaving 58% of income unspent that year. Across the 5 years on record, from February 2021 to February 2025, income grew from £285k to £880k (+209%), an average of +33% a year. The sharpest change came in the year to February 2024, when income rose by 80%. Over the whole period it spent 44% of the income it received.

Among 15,276 England and Wales charities whose main cause is poverty relief and that reported income, Asate Ltd sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in England and Wales with reported income it ranks in the 93rd percentile. Charities of a similar size with the same main cause include Youth Concern (£879k), Parks Options Limited (£881k) and Richmond Citizens Advice Bureaux Service (£878k).

In its latest detailed accounts, income came from donations and legacies 91% and investments 9.1%. Charitable activities took 80% of spending and raising funds 18%. Grants to other organisations totalled £287k. Reserves of £354k would cover about 11 months of spending at that rate.