**Charity registration number 1039128 (England and Wales)**
**MAHER COMMUNITY ASSOCIATION (LEICESTER) UK ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **MAHER COMMUNITY ASSOCIATION (LEICESTER) UK**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Holding Trustees**
Mr Arjan H Keshwala (Deceased 5 January 2026) Mr Arjun Odedra Mr Devshi A Odedra Dr Lakhman P Modhvadiya Mr Nagarjun R Odedra (Deceased 23 February 2026)
## **Managing Council Office bearers/Trustees**
President Mr Sanjay M Karavadra Vice president Mr Parbat Sanga Treasurer Mrs Chetna Ranavaya Vice treasurer Mr Harish Keshwala Secretary Mr Kishor D Karavadra (Appointed 11 March 2026) Vice secretary Mr Nikhil M Keshwala (Appointed 11 March 2026) **Managing Council Members/Trustees**
||Mrs Chetna Ranavaya|
|---|---|
||Mr Harish Keshwala|
||Mr Lakhanbhai R Karavadra|
||Mr Lakhansi K Khunti|
||Mr Niraj Modhwadia|
||Mr Rambhai Rajshi Modhwadia|
||Mr Parbat Sanga|
||Mr Ram Muru Modhwadia|
||Mr Kishor D Karavadra|
||Mr Karan D Odedra|
||Mr Hitesh K Godhaniya|
||Mrs Bhanumati R Gorania|
||Mr Nikhil M Keshwala|
||Mr Ashok B Karavadra|
||Mr Akash N Odedra|
||Mr Atulbhai Modhavadiya|
||Mr Pratap A Keshvala|
|**Charity number**|1039128|
|**Principal address**|15 Ravensbridge Drive|
||Leicester|
||LE4 0BZ|
|**Independent examiner**|Mr Rishi Chandarana FCA|
||BPC Chandarana+Co Limited|
||Chartered Accountants|
||Prebend House|
||72 London Road|
||Leicester|
||LE2 0QR|
|**Bankers**|Barclays Bank PLC|
||Town Hall Square|
||Leicester|
||LE87 2BB|
||Bank of Baroda|
||59A Belgrave Road|
||Leicester|
||LE4 6AS|
## **MAHER COMMUNITY ASSOCIATION (LEICESTER) UK**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the financial statements|7 - 16|
## **MAHER COMMUNITY ASSOCIATION (LEICESTER) UK**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016).
## **Objectives and activities**
The charity's objects are to promote any charitable purposes for the benefit of the Maher Community in the United Kingdom or in any part of the world and in particular but without prejudice to the generality of the foregoing:
(i) To relieve poverty
(ii) To advance religion
(iii) To advance education
(iv) To provide facilities for recreation and other leisure-time occupation.
The restricted funds relate to monies raised in 2010 and 2011 specifically for the construction of the premises at Ravensbridge Drive, Leicester.
The policies adopted in furtherance of these objects are:
(i) To provide centres for meetings and for giving advice, information and education;
(ii) To provide religious, social, cultural, intellectual, artistic and/or musical events;
(iii) To establish and develop contacts between members of the Maher community residing in various parts of the United Kingdom;
(iv) To promote and develop the general welfare and prosperity of the members of the community;
(v) To encourage and assist in the creation of harmonious relationships with other communities;
(vi) To associate with the Maher community's local organisation in the United Kingdom;
(vii) To collect and disseminate information on all matters affecting the objects of the Association and exchange such information with other bodies having similar objects;
(ix) To promote and carry out or to assist in the promoting and carrying out of research surveys and investigations;
(x) To procure and to cause to be written and printed, published, issued and circulated gratuitously which further the objects of the Association;
(xi) To issue appeals, accept donations, legacies and gifts, collect subscriptions, borrow or raise money for the objects of the Association;
(xii) To purchase, take on, lease, exchange, hire or otherwise acquire any real or personal property and rights of privileges and to construct and maintain any buildings erections necessary for the promotion of its objects; (xiii) To do all such lawful things necessary to further the above objects.
There has been no change to these objects during the year.
The trustees have paid due regard to guidance issued by the Charity Commission on public benefit in deciding what activities the charity should undertake.
## **Achievements and performance**
Leicester Maher Community Association had an eventful year. The revenue for venue hire has increased this year compared to the previous year.
The Association has continued to hold various social, religious and sports events on a regular basis for the community such as Navaratri, Holi, Beej, and Dandia Rass Classes and introduced new activities such as Raam Dhun, Badminton and other sports tournaments. Most of the events have seen a positive response with increased participation and attendance from the community.
- 1 -
## **MAHER COMMUNITY ASSOCIATION (LEICESTER) UK**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **Financial review**
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The charity's investment policy currently is to hold any reserves at the bank on deposit. In addition, the investment in Maher Samaj (UK) Limited was maintained together with the related party premises construction loan.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Structure, governance and management**
The charity was established by a charitable trust deed on 11 November 1990, as amended 8 May 1994 and 29 September 2013.
The trustees who served during the year and up to the date of signature of the financial statements were: Mr Sanjaybhai M Karavadra Mr Parbat Sanga Mr Bharat A Keshwala (Resigned 11 December 2025) Mr Devan K Modhwadia (Resigned 11 December 2024) Mrs Chetna Ranavaya Mr Harish Keshwala Mr Arjan H Keshwala (Deceased 5 January 2026) Mr Arjun Odedra Mr Devshi A Odedra Dr Lakhman P Modhvadiya Mr Nagarjun R Odedra (Deceased 23 February 2026) Mr Lakhanbhai R Karavadra Mr Lakhansi K Khunti Mr Niraj Modhvadiya Mr Rambhai R Modhwadia Mr Kishor D Karavadra Mr Karan D Odedra Mr Hitesh K Godhaniya Mrs Bhanumati R Gorania Mr Nikhil M Keshwala Mr Ashok B Karavadra Mr Akash N Odedra Mr Ram Muru Modhawadia Mr Atulbhai Modhavadiya Mr Pratap A Keshvala
None of the trustees has any beneficial interest in the charity.
- 2 -
## **MAHER COMMUNITY ASSOCIATION (LEICESTER) UK**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).
The company's current policy concerning the payment of trade creditors is to:
- settle the terms of payment with suppliers when agreeing the terms of each transaction;
- ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and
- pay in accordance with the company's contractual and other legal obligations.
The general control and management of the administration of the Association shall be the responsibility of the Managing Council. The Managing Council comprises between 8 and 20 members and shall meet at least three times a year. The Managing Council shall consist of a President, Vice-President, Secretary, Assistant Secretary, Treasurer, Assistant Treasurer and council members who shall serve for 3 years and retire at the third Annual General Meeting following election. A retiring member shall be eligible for re-election provided that no member may serve on the Managing Council for more than 6 successive years in the same post.
New trustees and managing committee members are inducted and trained in the first management committee following the AGM by more experienced existing trustees including the President, Treasurer and Secretary. During this meeting the new trustees are made aware of the history of the Association, what is required of them and the current issues being addressed by the committee. The new trustees or committee members are given an opportunity to select areas they will be able to contribute given their qualifications, education areas of interest and subsequent tasks are allocated accordingly.
## **Revocation of suspension of managing council**
The suspension of the 2019 managing council members of LMCA was revoked by the Trustees in 2023.
The trustees' report was approved by the Board of Trustees.
Mr Sanjaybhai M Karavadra President Dated: 20 March 2026
Mr Kishor D Karavadra Secretary Dated:20 March 2026
- 3 -
## **MAHER COMMUNITY ASSOCIATION (LEICESTER) UK**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF MAHER COMMUNITY ASSOCIATION (LEICESTER) UK**
I report to the trustees on my examination of the financial statements of Maher Community Association (Leicester) UK (the charity) for the year ended 31 March 2025.
This report is made solely to the charity's trustees, as a body, in accordance with Section 154 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and its trustees as a body, for my work, for this report, or for the opinions I have formed.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination.
I have no concerns and 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 financial statements to be reached.
## **Mr Rishi Chandarana FCA**
BPC Chandarana+Co Limited Chartered Accountants Prebend House 72 London Road Leicester LE2 0QR Dated: 20 March 2026
- 4 -
## **MAHER COMMUNITY ASSOCIATION (LEICESTER) UK**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
42,460
-
Charitable activities
**4**
461,718
-
Investments
**5**
-
-
**Total income**
504,178
-
**Expenditure on:**
Raising funds
**6**
1,812
-
Charitable activities
**7**
421,137
-
Governance costs
8,124
-
**Total resources expended**
431,073
-
**Net income/(expenditure) for the year/**
**Net movement in funds**
73,105
-
Fund balances at 1 April 2024
795,755
376,303
**Fund balances at 31 March 2025**
868,860
376,303|**Total**
**2025**
**£**
42,460
461,718
-
504,178
1,812
421,137
8,124
431,073
73,105
1,172,058
1,245,163|Total
2024
**£**
9,361
441,082
1,158
451,601
989
540,540
59,525
601,054
(149,453)
1,321,511
1,172,058|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 5 -
## **MAHER COMMUNITY ASSOCIATION (LEICESTER) UK**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2025**_
|**Notes**
**Fixed assets**
Tangible assets
**13**
Investments
**14**
**Current assets**
Debtors
**15**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**16**
Net current assets
**Total assets less current liabilities**
**Provisions for liabilities**
**17**
**Net assets**
**Income funds**
Restricted funds
**19**
Unrestricted funds|**2025**
**£**
**£**
124,658
443,750
568,408
514,596
467,906
982,502
(82,147)
900,355
1,468,763
(223,600)
1,245,163
376,303
868,860
1,245,163|**2024**
**£**
**£**
69,566
443,750
513,316
496,023
467,788
963,811
(81,469)
882,342
1,395,658
(223,600)
1,172,058
376,303
795,755
1,172,058|
|---|---|---|
The financial statements were approved by the Trustees on 20 March 2026
Mr Sanjaybhai M Karavadra **President**
Mr Kishor D Karavadra **Secretary**
- 6 -
**MAHER COMMUNITY ASSOCIATION (LEICESTER) UK**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
## **Charity information**
Maher Community Association (Leicester) UK is an unincorporated charity established by a charitable trust deed. The principal address is 15 Ravensbridge Drive, Leicester, LE4 0BZ.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The financial statements present information about the charity as an individual entity and not about its group.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Incoming resources**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Income is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business.
- 7 -
## **MAHER COMMUNITY ASSOCIATION (LEICESTER) UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Resources expended**
Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs represent costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examination and costs linked to the strategic management of the charity.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment 25% reducing balance basis. Fixtures and fittings 10% reducing balance basis.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Fixed asset investments**
Fixed asset investments represents investment in the subsidiary undertaking and are shown at cost less impairment.
A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## **BASIC FINANCIAL ASSETS AND LIABILITIES**
Basic financial assets and liabilities, which include debtors and creditors with no stated interest rate and receivables or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
- 8 -
## **MAHER COMMUNITY ASSOCIATION (LEICESTER) UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
**(Continued)**
## **1.10 Provisions**
Provisions are recognised when the charity has a legal or constructive present obligation as a result of a past event, it is probable that the charity will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in net income/(expenditure) in the period in which it arises.
## **1.11 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
## **1.12 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Income from donations and legacies**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|Donations and gifts|41,460|9,361|
|Grants|1,000|-|
||42,460|9,361|
|**Donations and gifts**|||
|Navratri|24,121|7,110|
|Other|17,339|2,251|
||41,460|9,361|
- 9 -
## **MAHER COMMUNITY ASSOCIATION (LEICESTER) UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **4 Income from charitable activities**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|**Activities for generating funds**|||
|Hall & utensils hire charges|449,576|420,913|
|Car park income|12,142|20,169|
||461,718|441,082|
## **5 Investments**
|**6**
**7**|**Unrestricted**
Unrestricted
**funds**
funds
**2025**
2024
**£**
£
Interest receivable
-
1,158
**Raising funds**
**Unrestricted**
Unrestricted
**funds**
funds
**2025**
2024
**£**
£
Fundraising and publicity
Advertising
1,812
989
1,812
989
**Charitable activities**
**Hall &**
**utensils hire**
**Car park**
**Total**
**2025**
**Total**
**2024**
**2025**
**2025**
**£**
**£**
**£**
**£**
Staff costs
72,267
5,690
77,957
93,837
Depreciation and impairment
28,202
-
28,202
10,120
Donations
4,770
-
4,770
10,051
Social, religious and sports events
83,595
-
83,595
78,172
Share of support costs (see note 8)
192,621
33,992
226,613
348,360
381,455
39,682
421,137
540,540|**Unrestricted**
Unrestricted
**funds**
funds
**2025**
2024
**£**
£
Interest receivable
-
1,158
**Raising funds**
**Unrestricted**
Unrestricted
**funds**
funds
**2025**
2024
**£**
£
Fundraising and publicity
Advertising
1,812
989
1,812
989
**Charitable activities**
**Hall &**
**utensils hire**
**Car park**
**Total**
**2025**
**Total**
**2024**
**2025**
**2025**
**£**
**£**
**£**
**£**
Staff costs
72,267
5,690
77,957
93,837
Depreciation and impairment
28,202
-
28,202
10,120
Donations
4,770
-
4,770
10,051
Social, religious and sports events
83,595
-
83,595
78,172
Share of support costs (see note 8)
192,621
33,992
226,613
348,360
381,455
39,682
421,137
540,540|
|---|---|---|
|||989|
|||**Total**
**2024**
**£**
93,837
10,120
10,051
78,172
348,360|
|||540,540|
- 10 -
## **MAHER COMMUNITY ASSOCIATION (LEICESTER) UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **8 Support costs**
|**Hall &**
**utensil hire**
**Car park**
£
£
Rent, rates and water
70,056
22,166
Insurance
3,485
1,162
Light and heat
27,017
3,002
Set-up, car park, cleaning and waste disposal
66,570
7,397
Repairs and renewals
14,441
-
Bank charges
2,387
265
Postage, stationery & telephone
8,665
-
192,621
33,992|**2025**
**£**
92,222
4,647
30,019
73,967
14,441
2,652
8,665
226,613|2024
£
176,356
5,779
29,267
106,776
18,979
2,743
8,460|
|---|---|---|
|||348,360|
Support costs have been allocated to activity cost categories on a basis consistent with the use of resources.
Rent, rates and water costs in the previous year included a provision of £83,600 relating to an historic shortfall of rent payable to Maher Samaj (UK) Limited which was agreed as payable (See Note 17).
Governance costs includes payments to the independent examiner of £4,320 (2024- £4,320) for professional fees.
|**9**|**Net movement in funds**|**2025**|**2024**|
|---|---|---|---|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Fees payable for the independent examination of the charity's financial|||
||statements|4,320|4,320|
||Depreciation of owned tangible fixed assets|28,202|10,120|
## **10 Trustees**
None of the trustees (or any persons connected with them) received any remuneration, benefits or reimbursements from the charity during the year.
## **11 Employees**
The average monthly number of employees during the year was:
|**2025**|**2024**|
|---|---|
|**Number**|**Number**|
|4|4|
- 11 -
## **MAHER COMMUNITY ASSOCIATION (LEICESTER) UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**11**
**Employees**
**Employment costs**
Wages and salaries
Other pension costs|**(Continued)**
**2025**
**2024**
**£**
**£**
76,980
92,770
977
1,067
77,957
93,837|**(Continued)**
**2025**
**2024**
**£**
**£**
76,980
92,770
977
1,067
77,957
93,837|
|---|---|---|
|||93,837|
There were no employees whose annual remuneration was more than £60,000.
## **12 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **13 Tangible fixed assets**
|**Tangible fixed assets**||
|---|---|
|**Plant and**
**equipment**
**Fixtures and**
**fittings**
**£**
**£**
**Cost**
At 1 April 2024
22,762
178,142
Additions
75,350
7,944
At 31 March 2025
98,112
186,086
**Depreciation and impairment**
At 1 April 2024
12,007
119,331
Depreciation charged in the year
21,526
6,676
At 31 March 2025
33,533
126,007
**Carrying amount**
At 31 March 2025
64,579
60,079
At 31 March 2024
10,755
58,811|**Total**
**£**
200,904
83,294|
||284,198|
||131,338
28,202|
||159,540|
||124,658|
||69,566|
- 12 -
## **MAHER COMMUNITY ASSOCIATION (LEICESTER) UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **14 Fixed asset investments**
||||**Other**|
|---|---|---|---|
||||**investments**|
|**Cost or valuation**||||
|At 1 April 2024 & 31 March 2025|||443,750|
|**Carrying amount**||||
|At 31 March 2025|||443,750|
|At 31 March 2024|||443,750|
|||**2025**|**2024**|
|Other investments comprise:|**Notes**|**£**|**£**|
|Investments in subsidiaries|**24**|443,750|443,750|
The cost of investment represents 17,750 ordinary shares of £25 each held in the subsidiary undertaking.
## **15 Debtors**
|**Amounts falling due within one year:**
Trade debtors
Amounts owed by subsidiary undertakings
Prepayments and accrued income
**16**
**Creditors: amounts falling due within one year**
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income|**2025**
**£**
18,506
495,501
589
514,596
**2025**
**£**
4,809
4,705
63,993
8,640
82,147|**2024**
**£**
20,947
474,501
575|
|---|---|---|
|||496,023|
|||**2024**
**£**
-
926
55,223
25,320|
|||81,469|
- 13 -
## **MAHER COMMUNITY ASSOCIATION (LEICESTER) UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**17**
**Provisions for liabilities**
Rent shortfall
Movements on provisions:
At 1 April 2024 and 31 March 2025|**2025**
**2024**
**£**
**£**
223,600
223,600
**Rent shortfall**
**£**
223,600|**2024**
**£**
223,600|
|---|---|---|
The total amount of historical shortfall of rent payable to Maher Samaj (UK) Ltd has been agreed to £223,600.
|**18**|**Retirement benefit schemes**|||
|---|---|---|---|
|||**2025**|**2024**|
||**Defined contribution schemes**|**£**|**£**|
||Charge to profit or loss in respect of defined contribution schemes|977|1,067|
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
## **19 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||||**Movement**||
|---|---|---|---|---|
||||**in funds**||
|||**Balance at**|**Incoming**|**Balance at**|
||**1**|**April 2024**|**resources**|**31 March 2025**|
|||**£**|**£**|**£**|
|Ravensbridge Drive Property Construction Fund||376,303|-|376,303|
## **Ravensbridge Drive Property Construction Fund**
This funding related to the construction of the Ravensbridge Drive, Leicester Premises. The funds were used to acquire ordinary shares in Maher Samaj (UK) Limited an entity which owns the land and subsequently that entity instigated the construction of the premises through this investment and related party loans.
- 14 -
## **MAHER COMMUNITY ASSOCIATION (LEICESTER) UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **20 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
|General funds
**Previous year:**
General funds
**Analysis of net assets between funds**
Fund balances at 31 March 2025 are
represented by:
Tangible assets
Investments
Current assets/(liabilities)
Provisions|**At 1 April**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**At 31 March**
**2025**
**£**
**£**
**£**
**£**
795,755
504,178
(431,073)
868,860
**At 1 April**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**At 31 March**
**2024**
**£**
**£**
**£**
**£**
945,208
451,601
(601,054)
795,755
**Unrestricted**
**Restricted**
**Total**
Total
**2025**
**2025**
**2025**
2024
**£**
**£**
**£**
£
124,658
-
124,658
69,566
443,750
-
443,750
443,750
900,355
-
900,355
882,342
(223,600)
-
(223,600)
(223,600)
1,245,163
-
1,245,163
1,172,058|**At 1 April**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**At 31 March**
**2025**
**£**
**£**
**£**
**£**
795,755
504,178
(431,073)
868,860
**At 1 April**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**At 31 March**
**2024**
**£**
**£**
**£**
**£**
945,208
451,601
(601,054)
795,755
**Unrestricted**
**Restricted**
**Total**
Total
**2025**
**2025**
**2025**
2024
**£**
**£**
**£**
£
124,658
-
124,658
69,566
443,750
-
443,750
443,750
900,355
-
900,355
882,342
(223,600)
-
(223,600)
(223,600)
1,245,163
-
1,245,163
1,172,058|
|---|---|---|
|||Total
2024
£
69,566
443,750
882,342
(223,600)|
|||1,172,058|
## **21 Analysis of net assets between funds**
## **22 Operating lease commitments**
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
|Within one year
Between two and five years
In over five years|**2025**
**£**
84,000
336,000
252,000
672,000|**2024**
**£**
84,000
322,000
350,000|
|---|---|---|
|||756,000|
The operating lease represent the lease for the Ravensbridge Drive premises lease of £84,000 including VAT per annum to Maher Samaj (UK) Limited. The lease has been agreed until 31 March 2033 and rentals are reviewed to market rates every five years.
- 15 -
## **MAHER COMMUNITY ASSOCIATION (LEICESTER) UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **23 Related party transactions**
## **Transactions with related parties**
During the year the charity entered into the following transactions with related parties:
||||**Rent payable**||
|---|---|---|---|---|
||||**2025**|**2024**|
||||**£**|**£**|
|Maher Samaj (UK) Limited|||84,000|167,600|
||||84,000|167,600|
|The following amounts were outstanding at the reporting end date:|||||
||**Amounts owed by**|**related**|**Amounts owed by related**||
||**parties**||**parties**||
||**2025**||**2024**||
||**Balance**|**Net**|**Balance**|**Net**|
||**£**|**£**|**£**|**£**|
|Maher Samaj (UK) Limited|271,901|271,901|250,901|250,901|
||271,901|271,901|250,901|250,901|
## **24 Subsidiaries**
These financial statements are separate financial statements.
Separate company financial statements are required to be prepared by law.
Details of the charity's subsidiaries at 31 March 2025 are as follows:
|**Name of undertaking**|**Registered**|**Nature of business**|**Class of**|**% Held**|
|---|---|---|---|---|
||**office**||**shares held**|**Direct Indirect**|
|Maher Samaj (UK) Limited|England|Investment property company Ordinary||53.80|
The aggregate capital and reserves and the draft result for the year of subsidiaries excluded from consolidation was as follows:
|**Name of undertaking**|**Profit/(Loss)**|**Capital and**|
|---|---|---|
|||**Reserves**|
||**£**|**£**|
|Maher Samaj (UK) Limited|6,275|1,108,394|
The investments in subsidiaries are all stated at cost.
- 16 -