INDIAN ASSOCIATION OLDHAM
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
Charity No: 1006961

INDIAN ASSOCIATION OLDHAM
CHARITY INFORMATION
Permanent
Mr. S Mohandas
Mr. B Sisodia
MT. R Gorasia
Mr. H Panchani
Mr.D Chothani
Charity Number
1006961
Charity Offices
Indian Association Oldham
Schofield Street
Oldham
OL8 IQJ
Independent Examiner
K Thaker Co.
Chartered Certified Accountants
39 Fieldfare Way
Ashton Under Lyne
OL7 9TA
Bankers
Barclays Bank PLC
15 St.Anns Square
Manchester
M60 2PX

INDIAN ASSOCIATION OLDHAM
CONTENTS
Page
Trustees, Report
Independent Examiner's Report
Statement of Flllancial Activities
Balance Sheet
Note to the Accounts
9- 11

INDIAN ASSOCIATION OLDHAM
TRUSTEES, REPORT
FOR THE YEAR ENDED 31ST MARCH 2025
The trustees present their report and accounts for the year ended 31 st March 2025
Trustees
The trustee5 named on page I have served throughout the year. Appointment of trustees is govemed
by the Trnst Deed of the charity. The board of Trustees is authorised to appoint new trustees to fill
vacancies arising through resignation or death of an existing trustee.
Investment Powers
The Trust Deed authorises the trustees to make and hold investments using the general funds of the
charity. However. all the surplus funds are currently held in low risk Bank and Building Society deposit
accounts.
Constitution, objects and policies
The Charitable Trust is constituted by Trust Deed, and its objects continue to be that of providing
social. cultural and religious activities for its members.
The Trustees delegate the day to day responsibilities of various activities to an elected executive
committee.
Development, aetlvities 8nd gchievements
The association's facilities continue lo play a central role in delivering its core objectives
meeting the
religious, social and educational needs of its members. With ongoing support from the local authority and
other charitable organisalions, the association has been able to sustain and further develop its programme
of social, cultural and educational activilies, ensuring that members and the wider community benefit
from regular engagement and participation,
Flnaneial revlew
The association maintained strong fundraising efforts throughout the year. Regular income for ongoing
community activities provided a solid financial base to support both day-to-day operations and future
development plans. Subsequent to the year end, the charity repaid loans provided by members.
Statement of trustees, responsibilities
The law applicable to charities in England and Wales requires the trustees to prepare financial statements
for each financial year, which give a true and fair view of the charity's financial activities during the year
and of its financial position at the year end. In preparing those financial 5tatemenls. the tru5t¢es are required..
to select suitable accounting policies and then apply them conslstently.
to make judgements that are reasonable and prudent.
to state whether applicable accounting standards and statements of recommended practice have
been followed subject to any departure disclosed and explained in the financial statements- and
to prepare the financial statements 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 ENDED 31ST MARCH 2025
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy
at any time the financial position of the charity and enable them to ensure that the financial statements
comply with the Charities Act 201 l. They are also responsible for safeguarding the assets of the charity
and hence for taking reasonable steps for the prevention of fraud and other irregularities.
In respect of the independent examination. the trustees have a responsibility to ensure that they take all
steps necessary in order to make themselves aware of any relevant infonnation and to establish that the
independent examiner is aware of that tnforniation.
Trustees, Declaration
In accordance with charity law, as trustees, we certify that...
So far as we are aware, there is no relevant infomlation of which the charity's independent examiner
is unaware. We have taken all the steps necessary that we ought to have taken in order to make
ourselves aware of any relevant financial infomiation and to establish that the charity's independent
examiner is aware of that infornlation.
Approval
This report was approved by the trustees on l.t ..
.>.6.. and signed on their behalf.

INDIAN ASSOCIATION OLDHAM
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF INDIAN ASSOCIATION OLDHAM
FOR THE YEAR ENDED 31ST MARCH 2025
I, Kishor Thaker report on the Financial Statements of the charity for the year ended 31 March 2025
as set out on pages 7 and 8 together with the notes on pages 9 to I l.
Respective responsibilities of the Trustees and the Examiner
The charity's trustees are responsible for the preparation of the Financial Statements. The charity's
trustees consider that an audit is not required for this year under section 144 of the Charities Act
2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility as the Independent Examiner..
to examine the Financial Statements under section 145 of the Charities Act;
to follow the procedures laid down in the General Directions given by the Charity
Commission (under seclion 145(5)(b) of th¢ Charities Act).
to state whether particular matters have come to my attention.
Basis of the Independent Examiner's statement
My examination was cattied out in accordance with the General Directions given by the Charity
Commission. An examination includes a review of the accounting records kept by the charity and
a comparison of the Financial Statements presented with those records. It also includes consideration
ot any unusual items or disclosures in the Financial Statements and seeking explanation from you as
trustees concerning any such matters. The procedures undertaken do not provide all the evidence
that would be required in an audit and consequently no opinion is given as to whether th¢ Financial
Statements present a 'true and fair view and the report is limited to those matters set out in the
statetnent below.
Independent Examiner's statement
In connection with my examination no material matters have come to my attention which gives me
cause to believe that, in any material respect,
the accounting records were not kept in accordance with section 130 of the Charities Act. or
the Financial Statements did not accord with the accounting records. or
the Financial Statements did not comply with the applicable requirements concerning the
form and content of Financial Statements sel out in the Charities (Accounts and Reports)
Regulations 2008, other than any requirement that the Financial Statement5 give a "true
and fair" view which is not a matter considered as part of an independent examination.
I have come across no other matters in connection with the examination to which 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
8..01-202
Date

INDIAN ASSOCIATION OLDHAM
BALANCE SHEET AS AT 31st MARCH 2025
2025
2024
Notes
FIXED ASSETS
Land & Buildings
Equipment
Fixture & Fittings
1.396,001
6,957
8,059
1,411,017
.396.001
2,360
9,482
,407,843
[2]
CURRENT ASSETS
Debtors
Deposit on Kent Street Site
Cash al Bank
Reserve Accounts
Barclays
Barclays Premium
Cash in Hand and at Bank
[31
[4]
10,000
100,000
11,665
loo,000
68.228
1,000
1.029
410
180.667
33,388
1.000
1,014
147 067
CREDITORS: Amounts falling due within one year
Membels Loans
Accruals
[5]
49,500
3,832
S3J32
127,334
1,538,352
147,067
1,554,910
NET CURRENT ASSETS
CREDITORS: Amounts falling due after one year
Member'5 Loans
67,000
1,538,352
1,487,910
CAPITAL AND RESERVES
Unrestrieted Funds
General Fund
Bal BIFwd
Surplus for the year
Bal CIFwd
798,810
50,442
795,723
3.087
849,252
798.810
Restricted Funds
Building Fund
Bal BIFwd
Surplusldeficit(-) for the year
689,100
689,100
689,100
689,100
1,538,352
1,487,910
Approve
ustee
Date .
cl, /.

INDIAN ASSOCIATION OLDHAM
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST MARCH 2025
2025
2024
Notes
UNRESTRICTED FUNDS
Incoming Resourees
Membership
Granls
Donations
Special Collection
Temple Box
Hall Hire
Charities tax credits
Rent
Interest Income
[7]
12,890
54,136
685
16,317
3,501
22,431
8,000
31.230
11,153
17,735
4,525
7,000
600
444
882
110,842
80,687
Resources Expended
Administration
Establishment
Activities
Temple Expenses
Depreciation
18]
(9]
[10]
13.136
26,723
12,390
5.501
2.650
13,803
45.068
12,503
4,136
2,090
60,400
50,442
77,600
3,087
RESTRICTED FUNDS
Building Fund
Fund Raisingi Ventures
Net movement in funds for the year
50,442
3,087
There were no recognised gains or losses for 2024 and 2025 other than those included in the statement
of financial activity.

INDIAN ASSOCIATION OLDHAM
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2025
l. Accounting policies
1.1. Basis of preparation of aceounts
The accounts are prepared under the hislorical cost convention and include the results of
the charity's operations which are described in the Trustees, Report and all which are continuing.
The accounts have been prepared in accordance with the Statement of R¢¢ommended Practice for
charity accounts.
1.2. Tangibl¢ fixed assets for use by the charity and depreciation
The charity's main activities are carried out from its premises at Scofield Street. Oldham.
The charity has not capitalised items of ￿rniture, utensils and office equipment due to insignificant
values. The charity has also not capitalised services free of charge and items of gifts given by
worshippers to the temple.
Depreciatlon:
Depreciation is provided at rates calculated to Mrite off the cost less residual value of each over its
expect¢d use￿] life, as follows:
Equipment-
Fixture & Fittings -
150/0 Reducing balance.
15010 Reducing balance.
No depreciation is provided on the building.
1.3. Income
Voluntary income and donations received in cash are accounted for as received by the charity. Gifts
in kind and services provided by volunteers are not accounted for due the problems of quantification.
The income from fundraising ventures is shown gross, with associated costs included in fund raising
costs. No pernianent endowments have been received during the period.
1.4. Value added tax
Value added tax is not recoverable by the charity, and as such is included in the relevant costs in
the statement of financial activities.
.5. Fundraising costs
Fundraising expenditure comprises costs incurred in inducing people and organisations to contribute
financially to the charity's work. This includes the cost of advertising for donalions and staging
of special fundraising events.
1.6. Management and Administration expendlture
Expenditure on management and administration of the charity includes all expenditure not directly
related to charitable activity or fundraising ventures. This includes cost of running office premises,
provision of utilities and other services.

INDIAN ASSOCIATION OLDHAM
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2025
2. Fixed Assets
Land &
Buildin
ui
ment Fixtures &
Fittin
Total
Cost
At 1.4.2024
Additions during the year
,396,001
22,425
5,824
23,336
1,441,762
5,824
At 31.3.2025
1,396,001
28,249
23J36
,447,586
De
reciation
At 1.4.2024
Provided in the year
20,065
1.228
13,854
1.422
33,919
2.650
At 31.3.2025
21,292
15,277
36,569
Net Book Value
At 31.3.2025
1,396,001
6,957
1,411,017
At 31.3.2024
1,396,001
2,360
9,482
1,407,843
2025
2024
3. Debtors
Tax Credit on Gift Aid
i 0,000
11,665
10,000
11,665
4. Deposit on Kent Street Site
i 00,000
100,000
loo,000
i 00,000
Note:
This deposit paid on exchange for one of the properties on Kent Street, may not be recoverable. The
trustees have tried their best to apprach the vendor. He kept on promising to pay and now he has
totally disappeared. The trustees have taken legal opnion on the recovery options available. The
advice given was that it will cost substantial sum to pursue his company, and even if successful,
that company has no reserves, so would be liquidted. We would have lost further funds in legal fees.
The Charity Commission has been notified about this potentail bad debt. In the coming weeks, the
Excutive Committee will be creating a sub committee to look at the debt, with the possibility of
writing it off in a manner perniitt¢d by the Constitution and Charity law.
S. Member's Loans
49,500
67.000
49,500
67,000
6. Membership
Annual membership
Life membership
10

INDIAN ASSOCIATION OLDHAM
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2025
2025
2024
7. Grants
OMBC
Action Together
Lottery Fund
8,000
500
12,390
12,890
8,000
8. Adminislration Expense5
Wages
Special Collection Donation
Post & Stationery
Bank charges
Subscriptions
12,210
445
12,270
702
100
572
159
170
13,136
13,803
9. Establishment Expenses
Water and ground rent
Insurance
L.ight and Heat
Repairs and Renewals
Internet and Satellile Services
Cleaning
2,904
3,832
12,290
2,529
1,436
3,732
1.299
4,255
5,673
24,843
5,332
3,666
26,723
45,068
10. Aetivities
Luncheon Club
Functions
12,390
12,503
12,390
12,503
11