2025-03-31-accounts - Shree Bharatiya Mandal (Indian Association) Tameside

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TRUSTEES’ REPORT

AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED

31 MARCH 2025

Registered Charity No. 1045607 (England and Wales)

SHREE BHARATIYA MANDAL Indian Association,Tameside CONTENTS

	Page
Association Information	1
Trustees’ Report	2,3
Statement of the Trustees’ Responsibilities	4
Independent Examiner’s Report	5
Statement of Financial Activities	6
Balance Sheet	7
Accounting Conventions and Accounting Policies	8,9
Notes to the Financial Statements	10-14

SHREE BHARATIYA MANDAL Indian Association, Tameside CHARITY INFORMATION

Community Established 1964

Legal nature Unincorporated Association Constitution adopted 29 January 1995 Charity Registered 6 April 1995 Charity Number: 1045607 (England & Wales) Trustees: (Executive Committee) President: Balwant Mistry Hon. General Secretary: Sailesh Mistry Treasurer:

Balwant Mistry Sailesh Mistry Jayesh Shukla

Other Committee Members Utambhai Mistry Ishwerbhai Mistry Navinbhai Parmar Bhavisha Mistry Naliniben Mistry Kanti Mistry Dalubhai Patel Pravinbhai Mistry Jasuben Bharti Mamta Mistry Dipak Mistry Bhaveni Mistry Amrit Mistry Dhayu Lad Sharda Mistry

Custodian Trustees Charity Offices

Kiranbhai K Mistry Dhunsukbhai Bharti Manherbhai Tailor Balwantbhai Mistry

Indian Community Centre 103 Union Road Ashton Under Lyne Lancashire OL6 8JN

Bankers

The Co-operative Bank PO Box 250 Skelmerdale WN8 6WT

Independent Examiner

Devshi Chothani Chartered Accountant DBF Associates 10 Park Place Manchester M4 4EY

SHREE BHARATIYA MANDAL Indian Association, Tameside TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their report and accounts for the year ended 31 March 2025.

This report is prepared in accordance with the Association’s constitution, the Charities Act 2011 and the Charities SORP (FRS 102) – Update Bulletin 2 issued in October 2018..

Trustees and Executive Committee

The Executive Committee and the Custodian Trustees named on page 1 have served throughout the year. The day-to-day management of the Charity is the responsibility of the Executive Committee which is duly elected annually. The Executive Committee met regularly throughout the year. The custodian Trustee, who are also members of the Executive committee, have an active role in the management of the Charity

Investment Powers

The Constitution authorises the Executive Committee to make and hold investments using the general funds of the Charity. However, All surplus funds are currently held in low risk Banks and Building Society deposit accounts.

Constitution, Objects and Policies

The Association is governed by the constitution adopted on 29 January 1995, and its objects continue to be “Promotion of charitable purposes for the benefit of inhabitants, in particular those of the Indian origin, of Tameside Greater Manchester”.

Public Benefit

The requirement under Section 4 of the Charities Act 2011 is met, in the view of the trustees, by the provision of religious services, educational and cultural support services to the general public, together with the provision of subsidised meals for the elderly. The only theoretical “benefit”, derived from the charity, by any of the trustees, is the privilege of being able to participate in all of the Charity activities.

Development, Activities and Achievements

The following is a list of some of the activities that are normally held at the Centre on a regular basis subject to any government restrictions:

Daily temple service- Open 3 times a day for the general public.

Wadil Welcome Luncheon club – providing Day Centre for the Elders, Meals on wheels, lunches, Elderly keep-fit classes, social interaction etc. Yoga classes, youth activities, religious discourse, Well-being sessions, Sports, Exercise classes, Outings and Fund raising.

Various religious and other functions and activities were held throughout the year, which were very well supported by all the members and visitors, again subject to any government restrictions.

SHREE BHARATIYA MANDAL Indian Association, Tameside TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025 Financial Review

The Trustees would like to report a surplus of £20,429 in the year in respect of the unrestricted funds. Whilst costs compared to last year decreased by £25,452 whilst income increased by £14,808.

Reserves Policy

The free reserves as at 31 March 2025 amounted to £430,879 which represented over forty nine months’ cover of the current level of unrestricted expenditure. The trustee target level of cover is twelve months. This target is reviewed annually. Any excess over the target will be retained for further development of the facilities.

Future Plans

Within the financial restraints already noted above the Trustees’ plan to deliver the same level of service in 2025/26 as was achieved in 2024/25 subject. There are plans to improve the existing facilities at the centre which will be achieved, at least in part, by making further appeals for funds.

Trustees Declaration

In accordance with charity law, as trustees, we certify that:

So far as we are aware, there is no relevant financial information of which the Association’s independent examiner is unaware. We have taken all the steps we ought to have taken in order to make ourselves aware of any such information and to establish that the Association’s independent examiner is aware of that information.

Independent Examiner

Devshi Chothani, Chartered Accountant, was appointed as the Association’s independent examiner some years ago. He has expressed his willingness to continue in that capacity.

Approval of the Report

The report was approved by the trustees on the 04 August 2024 and is signed on their behalf by Sailesh Mistry (Secretary) and Jayesh Shukla (Treasurer)

Sailesh Mistry

Jayesh Shukla

SHREE BHARATIYA MANDAL Indian Association, Tameside TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

Statement of Trustees' Responsibilities

The Trustees are required under the Charities Act 2011 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 end of the year.

In preparing financial statements giving a true and fair view the Trustees should follow best practice and:

1) Select suitable accounting policies and apply them consistently
2) Make judgements and estimates that are reasonable and prudent
3) State whether applicable accounting standard and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements
4) Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the financial statements comply with applicable law and regulations. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for prevention and detection of fraud and irregularities.

Approval

This report was approved by the Executive committee at their meeting held on 16 September 2025.

Treasurer Jayesh Shukla Jayesh Shukla

General Secretary Sailesh Mistry

Sailesh Mistry

Date: 16[TH] SEPTEMBER, 2025

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF SHREE BHARATIYA MANDAL-INDIAN ASSOCIATION TAMESIDE (CHARITY NUMBER 1045607 ENGLAND AND WALES) FOR THE YEAR ENDED 31 MARCH 2025

Independent Examiner’s Report to the Trustees on the Financial Statements

I, Devshi Chothani, report on the Financial Statements of the Association for the year ended 31 March 2025, as set out on pages 7 and 8 together with the notes on pages 9 to 14.

Respective responsibilities of the trustees and the independent examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) 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 accounts under section 145 of the Charities Act;
to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act);
to state whether particular matters have come to my attention.

Basis of independent examiner’s statement

My examination was carried 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 of any unusual items or disclosures in the Financial Statements and seeking explanations 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 the Financial Statements present a ‘true and fair view’ and the report is limited to those matters set out in the statement 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 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 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.

________ Date: 16 SEPTEMBER 2025 Devshi Chothani, Chartered Accountant

SHREE BHARATIYA MANDAL Indian Association, Tameside STATEMENT OF FINANCIAL ACTIVITIES AS AT 31 MARCH 2025

Incoming Resources from Charitable Activities Other Sources Total Resources Expended on Other Activities Charitable Activities Total Net Incoming Resources/ (Net Resources Expended) Net movements in funds Total funds as at 1 April 2024 Total funds as at 31 March 2025	Notes	Unrestricted funds £ 39,266 115,953 155,219 902 131,888 132,790 22,429 22,429 410,450 432,879	2024 Restricted funds Total Total £ £ £ 0 39,266 26,857 0 115,953 111,554 0 155,219 138,411 0 902 2,245 0 131,888 155,997 0 132,790 158,242 0 22,429 (19,831) 0 22,429 (19,831) 1,256,931 1,667,381 1,687,212 1,256,931 1,689,810 1,667,381 2025
	3 4 5 6

SHREE BHARATIYA MANDAL Indian Association Tameside BALANCE SHEET AS AT 31 MARCH 2025

Fixed Assets Tangible Fixed Assets Current Assets Debtors Bank Deposits Cash at bank Cash in Hand Total Assets Less: Loan Less: Stripe Represented By Unrestricted Funds Restricted Funds	Notes £ £ £ £ 7 926,513 964,901 8 7,416 5,416 9 268,192 268,192 498,960 440,144 356 774,924 355 714,107 1,701,437 1,679,008 6,000 6,000 5,627 11,627 5,627 11,627 1,689,810 1,667,381 10 432,879 410,450 1,256,931 1,256,931 1,689,810 1,667,381 0 0 2025 2024
	7 8 9 10

Approved by the trustess on 16th September 2025 and signed on their behalf

Sailesh Mistry

Jayesh Shukla

Secretary: Sailesh Mistry

Treasurer: Jayesh Shukla

Director of DBF Associates Ltd, 10 Park Place, Manchester. M4 4EY Page 5

SHREE BHARATIYA MANDAL Indian association, Tameside NOTES TO THE FINANCIAL STATEMENTS AS AT 31 MARCH 2025

1. Accounting Conventions

1.1 BASIS OF PREPARATION

The Financial Statements have been prepared under the historical cost convention, and in accordance with the Charities (Accounts and Reports) Regulations 2008, the Charities Act 2011 and the Charities SORP (FRS 102) – Update Bulletin 2 issued in October 2018..

1.2 GOING CONCERN CONCEPT

The Financial Statements have been compiled on the assumption that the charity will be a going concern for at least twelve months from the date of this report.

1.3 SOFA MINOR MODIFICATIONS

The trustees have opted to modify the SOFA slightly by grouping all incoming resources, other than those derived from Charitable Activities, under the generic heading “Other Sources” in order to avoid any potential confusion that could arise from the use of the heading “Donations and Legacies.”

2. Accounting Policies

2.1 INCOME

a) Voluntary income is received by way of Donations and Gift and is included in full in the Statement of the Financial activities when received. The value of services provided by volunteers have not been included.
b) Grants, including any grants for the purchase of fixed assets, are recognised in full in the Statement of Financial activities in the year in which they are received.

2.2 EXPENDITURE

a) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
b) Resources expended are allocated to the particular activity where the cost relates directly to that activity.
c) The Association does not incur governance costs.

SHREE BHARATIYA MANDAL Indian association, Tameside NOTES TO THE FINANCIAL STATEMENTS AS AT 31 MARCH 2025

2. Accounting Policies continued

2.3 ASSETS

Expenditure on fixed assets above £1000 is capitalised. Despite all expenditure having been funded entirely from restricted funds, depreciation is charged according to standard accounting practice on the following basis:

Freehold Land/Investment Property Not depreciated Leasehold Land 50 year life from 2018 Freehold Building 50 year life from 2002 Building Improvements 20 year life from execution Furniture, Fixtures and Fittings 10 year life from acquisition Office Equipment 5 year life from acquisition Computer Equipment 4 year life from acquisition

2.4 FUNDS

a) Unrestricted funds are donations and other incoming resources receivable or generated for the object of the charity without further specified purpose and are available as general funds.
b) Restricted funds are to be used for specific purposes as laid down in the relevant appeal. Expenditure which meets these criteria is charged to the fund.

SHREE BHARATIYA MANDAL Indian Association, Tameside NOTES TO THE FINANCIAL STATEMENTS AS AT 31 MARCH 2025

Unrestricted Restricted £ £ 3 Specific Support Grants 0 0 Charitable Activities 39,266 0 39,266 0 4 4.1 Voluntary Contributions Membership 1,959 0 Collections/Gift Aid 88,663 0 90,622 0 4.2 Income from Activities Hire of Hall 10,016 0 Fund raising event 4,615 0 OVERALL TOTAL 153,219 0 5 5.1 On Investment Income Property Expenses 902 0 5.2 On Fundraising activities Eveny cost 0 0 902 0 2025 INCOMING RESOURCES FROM CHARITABLE ACTIVITIES INCOMING RESOURCES FROM OTHER SOURCES RESOURCES EXPENDED ON RAISING FUNDS 10	Total £ 0 39,266 39,266 1,959 88,663 90,622 10,016 4,615 153,219 902 0 902	2024 Total £ 0 26,857 26,857 1,909 75,603 77,512 11,277 0 138,411 2,245 0 2,245

SHREE BHARATIYA MANDAL Indian Association, Tameside NOTES TO THE FINANCIAL STATEMENTS AS AT 31 MARCH 2025

6 RESOURCES EXPENDED ON CHARITABLE ACTIVITIES

6.1 Direct Activities Temple and Religious Elderly Peoples Group Gujarati School Events and Activities Wages Minor Grants Payable 6.2 Support Activities a) Establishment Expenses Insurance Light & Heat Water Repairs & Renewals -Equipment -Building Cleaning & Gardening 6.3 Depreciation on Fixed Assets Furniture and Equipment Leasehold Land/Building OVERALL TOTAL		2025	Total £ 14,420 20,324 0 765 12,368 0 47,877 4,822 16,824 1,646 0 8,826 0 6,381 16,278 22,110 38,388 131,888	2024 Total £ 6,121 14,280 0 373 12,353 0 33,127 7,952 13,652 1128 0 7,551 0 9,230 32,556 44,220 76,776 155,999
	Unrestricted £ 14,420 20,324 0 765 12,368 0 47,877 4,822 16,824 1,646 0 8,826 0 6,381 16,278 22,110 38,388 131,888	Restricted £ 0 0 0 0 0 0 0 0 0

SHREE BHARATIYA MANDAL Indian Association, Tameside NOTES TO THE FINANCIAL STATEMENTS AS AT 31 MARCH 2025

7 TANGIBLE FIXED ASSETS

7.1 Land and Buildings
Cost: As at 1 April 2024
Additions in year
Cost as at 31 March 2025
Depreciation: as at 1 April 2024
Charge for the year:
Depreciation: as at 31 March 2024
Net Book Value: 31 March 2025
Net Book Value: 31 March 2024
7.2 Furniture & Equipment
Cost: As at 1 April 2024
Additions in year
Cost as at 31 March 2025
Depreciation: as at 1 April 2024
Charge for the year:
Depreciation: as at 31 March 2024
Net Book Value: 31 March 2025
Net Book Value: 31 March 2024

Investment
Freehold
Leasehold
Freehold
Building
Property
Land
Land
Building
Improvements
Total
£
£
£
£
£
£
70,365
250,000
6,431
1,060,000
15,617
1,402,413
0
0
0
0
0
0
70,365
250,000
6,431
1,060,000
15,617
1,402,413
0
0
903
487,600
8,591
497,094
0
0
129
21,200
781
22,110
0
0
1,032
508,800
9,372
519,204
70,365
250,000
5,399
551,200
6,245
883,209
70,365
250,000
5,528
572,400
7,026
905,319
Furniture
Fixtures
Office
Fittings
Equipment
Computers
Total
£
£
£
£
162,784
1,500
5,482
169,766
0
0
0
0
162,784
1,500
5,482
169,766
103,202
1,500
5,482
110,184
16,278
0
0
16,278
119,480
1,500
5,482
126,462
43,304
0
0
43,304
59,582
0
0
0
0
59,582

SHREE BHARATIYA MANDAL Indian Association, Tameside NOTES TO THE FINANCIAL STATEMENTS AS AT 31 MARCH 2025

TANGIBLE FIXED ASSETS CONTINUED

7.3 Summary Cost: As at 1 April 2024 Additions in year Cost as at 31 March 2025 Depreciation: as at 1 April 2024 Charge for the Year Depreciation: as at 31 March 2024 Net Book Value: 31 March 2025 Net Book Value: 31 March 2024	Land Furniture and and Overall Buildings Equipment Total (7.1) (7.2) £ £ £ 1,402,413 169,766 1,572,179 0 0 0 1,402,413 169,766 1,572,179 497,094 110,184 607,278 22,110 16,278 38,388 519,204 126,462 645,666 883,209 43,304 926,513 905,319 59,582 964,901

SYR Indian Association, Tameside NOTES TO THE FINANCIAL STATEMENTS AS AT 31 MARCH 2025

8 DEBTORS Insurance Prepaid Deposit Interest Accrued 9 BANK DEPOSITS Bank of India Bank of Baroda State of Bank of India TOTALS 10 ALLOCATION OF TOTAL ASSETS TO FUNDS Tangible Fixed Assets Debtors Bank Deposit Interest Received	Restricted £ 0 0 Restricted £ 141,798 0 126,394 268,192 Restricted £ 926,513 7,416	2025 Unrestricted £ 7416 7,416 Unrestricted £ -	Total £ 7,416 7,416 141,798 0 126,394 268,192 Total £ 926,513 7,416	2024 Total £ 5416 5,416 Total 141,798 0 126,394 268,192 Total £ 964,901 5,416 2024 Total £ -