INDIAN ASSOCIATION OLDHAM
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2021
Cbarity No: l(th961

INDIAN ASSOCIATION OLDHAM
CHARITY INFORMATION
Permathent
Mr.S.Mohandas
Mr. R Kumpavat
Mr. B Sistmlia
Mr. R Gorasia
Mr. H Panchani
Charlty Number
I(KW)61
Charlty Offices
Indian As50CiO1ion Oldham
Schofield Streei
Oldham
OL8 IQJ
Independent Ex8mlner
K Thaker Co.
Chartered Certified A¢¢oynthn
39 Fieldfare Way
Ashton Under Lyne
OL7 9TA
Bankers
Barclays Bank PLC
15 St.Anns Square
Manchesier
M60 2PX

INDIAN ASSOCIATION OLDHAM
CONTENTS
Page
Trustees, Report
Independent Ex#min¢r'5 R¢port
Statemtnt of Fln4nci*l Activities
BHl4nce Shtet
Note lo the Accounts
9- 11

INDIAN ASSOCIATION OLDHAM
TRUSTEES, REPORT
FOR THE YEAR ENDED 31ST MARCH 2021
The trustees pr¢s¢nt their r¢port and aw)unts for the year ended 3 1st March 2021.
Trustees
Th¢ trustees named on page I have served throughout the year. Appointm¢ni of trustees is gov¢rned
by the Trust Deed of the charity. The board of Tmsiees 1$ auihorised io apwbint n¢w trusttts io fill
vacancies arisin8 through resignation or death of an exisiing irusiee.
Inve5trnent Powers
The Trust Deed authorises the trusl¢¢s to m¥k¢ and hold investments using ihe general fund% of the
charity. However, all the Surplus fijnds are currently held in low risk Bank and Building S(¢iety depo5ii
accounts.
Con51itutlon. objects and polleles
The Charitable Trust is ¢onsiituled by Trnsi Deed, and its objects coniinu¢ to be that ofproviding
social. cultural and religious activities for its members.
The Trus￿¢5 delegate the day to day responsibilities of variou5 activitie5 to an elec￿ executive
committe¢.
Developmenl, actlvltles and aehltvemtTrts
The new faciliiies have helped io increase and improv¢ th¢ proYi$ion of th¢ wwiation's main obje¢iive
which is ihai of providin8 reli8lQUS, Social and ¢ducattonal n¢¢ds of its m¢mbcrs. Wilh the aid of variou$
funding from the local authority and other charilable organi￿jonS, the aSSOCbation has improved on its
program of wcial and educational a¢iivilies.
FlnAneial revlew
Continuing efforts in rnising fi￿d5 both for normal community activitie5 and the building fvnd produced
good results.
Statement of trusteej, responslbllltles
The law applicable to charities in England and Wales require5 the tTU5tees to prepar¢ financial statements
for each financial year, which give a true and fair view ofihe charity's financial activities during th¢ year
and of its financial position at the year end. In preparin8 those financial statements. the trusiees are required-
to sel¢¢t suiiable accounting policies and then apply them consisiently;
to make judgements that Are rusonable and prudent;
to state whether applicable arcountlll8 Standards and 51atetnents of recotnmended Practice have
been followed 5ubjKI to Jny departure disc105ed and explained in the financial statements.. and
to prepare the financial statthents on the on-going concern basis unless it is inappropriate to
presume the charity will continue in business.

INDIAN ASSOCIATION OLDHAM
TRUSTEES. REPORT
FOR THE YEAR ENDED31ST MARCH 2021.
The trustees are res[￿sIble for keepin8 xcounting records which disclose with reasonable y￿UracY
at any lime the finan¢ial wbiiion of th¢ ¢harity and enable them to ensure thai financial siatement5
comply with the Charities Aci 2011. Try are also resw)nsible for safeguarding the asseis of the chariry
and hence fow laking reasothle sw fLY the preven11￿ of frawj and other IrregU￿lties.
In respect of the ind¢widen¢ examinalion. the hjvc i r¢srK)nsiThility that they tske all
steps necessary in order to make themselves awart of any rele￿1 inf0m￿tiM estsblish thai the
independent examiner is aware of thai infornwion.
Truste¢s' Declaratlon
In accordance wilh ¢hArity law, as Intste¢& we certify th￿._
So far as we are aware. ther¢ is no r¢l¢vant infomiation of which the charitys independent exwniner
is unaware. We have thken all the slep5 n¢c¢55ary thal we oughi io have taken in order io make
ourselves aware of #ny relevant financial infonnalion and to emablish the charl￿$ i]Klependent
examiner is aware of that infornMtion.
Approval
This TelX)rt approved by trusthes on ...1.810112022 . and on their behalf.

INDIAN ASSOCIATION OLDHAM
INDEPENDENT EXAMINER'S REPORT
TOTHE TRUSTEES OF Jf4DIAN ASSOCIATION OLDHAM
FOR THE YEAR ENDED 31ST MARCH 2021.
l. Kishor Thaker report on the Financial Siaiements of the charity for the year ended 31 March 2021
as set out on pages 7 and 8 iogeth¢r with th¢ Trot￿ on page5 9 to I l.
Respeetlve responsibiliti¢s of the Trustees *ttd the Ex#mlner
Th¢ charity's trustees are responsible for the preparation of the Financial Statemenls. The chariry's
trustees consider that art audit is not r¢quired for this year under se¢iion 144 of the Charitie5 A¢t
2011 (the Chariiies Act) and that an independent examination is needed.
It is my responsibility as the In(kpend¢nt Examin¢r:
to ¢xamine the Financial Sta¢ements under se¢tion 145 of the Chartties Act:
to follow the proceduTe5 laid down in the Gen¢rnl Directions given by the Charity
Commission {under section 145(5Xb) of ihe Chariiies Aci)-
to stste whether particular matt¢rs have come to my attention.
B*8ls ofihe Independent Examiner's st*temenl
My examination was ¢a￿led out in accordance with the General Directions given by ihe Charity
Commission. An examination includes a review of the acctyJntin8 records kepi by the charity and
comparison of th¢ Fitwicial Stat¢m¢nts pr¢sen¢ed with those records. It a150 includ¢s ¢onsideraiion
of any unusual item5 or disclosures in the Financial Siaiements and seeking explanation from you as
tn15tees concernin8 any $u¢h motters. Th¢ pTrx¢dures undertaken do not provide all lh¢ evidence
that would be required in an audit and consequently no opinion is given as io wheiher the Financial
Statements present a "true and fair" view and th¢ report is limited to those m8ll¢rs set out in the
s¢at¢m¢nt below.
Independent Eumln¢r'$ st4teThenl
In connection with my examination no material rnatt¢r5 have come lo my attention which gives m¢
cause io b¢liev¢ ¢haL in any material respecL
the ac£ounting rttord5 were not kept in accordance with sethion 130 of the Charities A¢t' or
the F'inancial Statements did accord with the accounting records: or
the Financial Statements did not Comply with the applicable Tequirements ¢on¢erning the
fom and ¢onlent of Financial Statements set out in the Charities {Accounts and Reports)
Regulations 2008. other than any requirement that the Financial St&LementS give a.true
and fair" view which is noi a matter considered &5 part of an indep¢nd¢nt examination.
I have come across no other matters in connection with the ex8rnin&tion to whi¢h attention should be
drawn in this report in order to enable a proper understanding of the accounts to be reached.
Kishor Thaker
K Thaker & Co.
Chartered Certified Accountants
39 Fieldfare Way
Ashton Under Lyne
OL7 9TA
Dat¢

## **INDIAN ASSOCIATION OLDHAM BALANCE SHEET AS AT 31st MARCH 2021.** 

|||**2021**||**2020**||
|---|---|---|---|---|---|
||Notes|!|!|!|!|
|**FIXED ASSETS**||||||
|Land & Buildings|||1,364,337||1,359,337|
|Equipment|||3,844||3,642|
|Fixture & Fittings|||10,522||12,379|
||[2]||**1,378,703**||**1,375,358**|
|**CURRENT ASSETS**||||||
|Debtors|[3]|7,000||5,000||
|Deposit on Kent Street Site|[4]|100,000||100,000||
|Cash at Bank||||||
|Reserve Accounts||54,208||55,978||
|Bank of Baroda||641||770||
|Cash in Hand and at Bank||1,000||919||
|||**162,849**||**162,666**||
|**CREDITORS: Amounts falling due within one year**||||||
|OBMC /Other Grants||||||
|Accruals||3,000||||
|||**3,000**||||
||||159,849||162,666|
|**NET CURRENT ASSETS**|||1,538,552||1,538,025|
|**CREDITORS: Amounts falling due after one year**||||||
|Member's Loans|[5]||**139,000**||**154,000**|
||||**1,399,552**||**1,384,025**|
|**CAPITAL AND RESERVES**||||||
|**Unrestricted Funds**||||||
|General Fund||||||
|Bal B/Fwd||694,925||676,534||
|Surplus for the year||15,527||18,391||
|Bal C/Fwd|||710,452||694,925|
|**Restricted Funds**||||||
|Building Fund||||||
|Bal B/Fwd||689,100||689,100||
|Surplus/deficit(-) for the year||||||
||||689,100||689,100|
||||**1,399,552**||**1,384,025**|



## **Approved by the Trustees:** 

························ 

Date: 18/01/2022 

7 



INDIAN ASSOCIATION OLDHAM
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31sr MARCH 2021.
2021
2020
UNRESTRICTED FUND
Ib)eoming R¢sour¢es
Membership
Grants
Donations
Major events
Temple Box
Hall Hire
Chariiies lax crediis
Insurance Claim
Int¢re5t Income
161
171
155
64.482
24,095
9J36
.550
12.082
11.523
21.278
28.784
181
4.159
25
142
63346
130J65
Resources Expended
Administration
Establi5hmeni
Activities
Temple Expense$
D¢preciation
13.906
29,278
10,654
83.701
9.750
5,043
1101
2,535
47.719
111.974
18J91
ESTRICTED F
Buildlng Fund
Fund Raising Veniures
Nel movement In fundj for the year
ISJ27
There were no recognised gains or losses for 2020 and 2021 other than those included in the statement
of financial activity.

INDIAN ASSOCIATION OLDHAM
IYOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2021.
Accounting ￿lI¢jeS
1.1. Basis of prepar*tion of
The accounts are pre v
the charity's operations which are described in the TnLstres' Report and all thich are conrinuing.
The accounts have been prepared ID accordan¢¢ with ihe Staiement of Recommended Prd¢ti¢¢ for
charity a¢¢ounts.
1.2. Tangible fix￿ ajstts for use by the charity and depreci*iion
The Charity's main activities are carri¢d Qui from its premises ai Scofield StrttL Oldham.
The charity has nol capitali5¢d items of furniture. uiensils and oifice equipment due to insignificant
values. The charity ha5 also not ￿PItalised services free of char8e and items of gifts given by
worshippers to the ￿Mple.
Depre¢i#tion:
D¢pr¢ciaiion is provided at ratrs calculated io WTite off the ¢os¢ less r¢$idual value of ea¢h over its
expected useful life. as follows..
Equipment-
Fixture & Fittirtgs-
1 Reducing balan¢e.
1 SQ/• Reducin8 balance.
No deprttiation is provided on the buildin&
1.3. Incorne
Voluntary income and donation5 re¢eived in ¢ash are Aceounied for as received by the eharity. Cjifts
in kind And services provided by volunteers are nol ac¢ounied for due the problerns of quantification.
The income from fundraising ventures is shown gross. wilh associ￿ed costs included in fund raisin8
cosis. No pernwient endowments have tttn received during th¢ peri(yJ.
1.4. Value added tax
Valuc added lax is not recoverable by the charity, and as Such 15 included in the relevant cost5 111
the 5tatemcnt of financial a¢tiviti¢$.
l.S. Ftsndraisin¥ eosts
Fundraising expenditure compri5¢5 costs incurred in ind￿1￿8 people And organisations io contribute
finaneially to the charity's work. This includes the cost of advertising for donations and staging
of special fundraising events.
1.6. M4Nagcment administrntlon expendlture
Expenditur¢ on manag¢m¢nt and administralion of the charity includes all expenditure not directly
related to charitable aciiviry or fundraising ventures. This irKludes cost of running office premises.
provision of utiliti¢s and oth¢r s¢rYi¢¢s.

INDIAN ASSOCIATION OLDHAM
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2021
2. Fixed Ass¢ts
Land &
Buildi
ui
m¢Dt Fixture5 &
FittlD
Tot*1
ost
At 1.4.2020
Additions during the year
.359,337
21.545
880
19.156
1,400.038
5,880
At 31J.2021
lJ64J37
22.425
19,156
1,405.918
reelatlon
At 1.4.2020
Provided in the year
17.gJ3
678
6.777
1.857
24.680
2,535
3.2021
1&581
8,634
etB kvwl
At 31.3.2021
lJ64J37
10.522
I J78.703
t31.
59J37
3,642
12
79
I J75J58
2021
3. Debtor8
Tax Credit on Gift Aid
7,(K)O
S,￿0
s.￿0
4. Depo$ll on Kent Street Slte
loo.￿0
I(H).CK
100,(K)
Note:
This d¢p05it was paid on ¢xclw)ge for one of the plots on Kent Street. The venth)r has noi b¢¢n able io complete
on the purchase. so the trusttts have demanded the dep05ii back. The tNsltts are in the process of rewvering
this deposil.
S. Memb¢r'$
139,(K)O
154,(K)O
139,IN
O. Mernbership
Annual membership
Life membership
155
155
7. Grants
Homes England. Community Housing FUTVJ
OMBC
HMRC
HCA
Others
60.862
3,620
3,051
1.540
14.877
21278
64,482
10

INDIAN ASSOCIATION OLDHAM
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2021.
2021
2020
8. Major Events
50th Celebrations
other events
9,336
9,336
9. AdmiNiitr4tlon Expenses
WaLJes
G¢n¢ral Donations
COVID Donations
Sundri¢s
Posi & Stationery
Bank charges
Legal & Professional
9.213
702
4.4(K)
417
7,874
,534
629
250
368
274
15.9thS
10.654
10. Establtshment Expenses
Water and ground reni
Insuranc¢
Light and H¢ai
Repairs and Renewals
Iniemet and Satellite Services
Cleaning
Fire & Security
Kent Street proj¢¢i
305
1,062
2,841
2,007
7,018
.373
4,161
896
64,343
1,813
1.281
682
245
20,968
29.278
83,701
Note:
Proposed Kent Street Asslgted Resldentlal HouglThg Scheme:
Prof. eosts on feasibility And viability of the scheme
L￿. Grant received towards consultation from Home England
20,968
64,343
60.862
N¢1 CO￿ incurred..
20,968
3,481
I l. Aetlvltles
Youth club and Natraj
Saheli
Luncheon Club
Functions
420
1,000
8.330
9,750
11