BHATIA ASSOCIATION {U.K.I FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 DECEMBER 2025 CHARITY REGISTERED NUMBER 1076010 STERUNG ASSOCIATES Chartered Certified Accountant5 5 Theobald Court Theobald Street Elstree Herts WD6 4RN
BHATIA ASSOCIATION IU.K.I FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 CONTENTS Pages Trustees Report Independent Examlner's Report ststement of FlnancSal Activitie5 Balance Sheet Notes to the FSnancial Statement The followlng do not form part of the statutory flnanclal statements.. Income & e%pendlture account
BHATIA ASSOCIATION IU.K.I FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 DECEMBER 2025 TRUSTEES Rohit Babla (Presldentl Chandresh R Sampat (Vice President) Pratlk Babla ITTeasurerl Anoop S Okhal Isecretarvl Anlbna Swalv 81jal Ashar Bipin N8navatl lanak V Sampat Mukesh Bajaria Muke5h Ved Nita Sampat Shah Sundlp Okhal CORRESPONDENCE ADDRESS 5 Theobald Court Theobald Street Elstree HertsWD64RN CHARITY REGISTERED NUMBER 1076010 BANKERS Barclays Bank plc United Trust Bank Llmlted Chancery Lane & Gosllngs One Ropemaker Street Bloomsbury & Chancery Lane Grtsup London P O Box 11345 EC2Y 9AW London W12 8GG Cambridge & Counties Bank Charnwood Court 5B New Walk Leicester England LEI 6TE INDEPENDENT EXAMINER sterllng Associates Chartered CertifSed Accountants 5 Theobald Court Theobald Street Elstree HertsWD6 4RN
BHATIA ASSOCIATION IU,K.I TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 TheTrustees present their annual report and accounts of Bhatla Association IU.K.I for the year ended 31 December 2025. The financial statements have been prepared in accordance with the accountlng policies set out in note I to the accounts and comply wlth the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practlce applicable to charitles preparing their accounts In accordance with the Financlal Reporting Standards applScable in the UK and Republic of Ireland published on 16 JLJIY 2014. TRUSTEES RESPONSIBIUTIES Law appllcaljle to chèrlties in England and Wales requires the trustees to prepare financlal statetnents for each financlal year which gives a true and falr vlew of the charity's financlal activitie5 durlnE the year and of It's financlal posltion at the end of the year lunles5 the charity is entltled to prepzre modified accounts on 8 recelpts and payment basis). In preparing these flnancial statements, thè trustees are requlred to: 11 select 5ultable accountlng policies and then apply them conslstently.. 21 make ludgem&nts and estimates that are reason3ble and prudent., 31 state whether applleable accountlng standard5 have been followed, subjectto any materlal departures dlsclosed and explalned In the financial statements,. 41 prepare the financial statements on a golng concern basls unless It Is Inappropriate to presume that the charlty wlll contlnue In operation. The Trustees are responsible for keeplng proper accountlng record5 whl¢h disclose wlth roasonable accuracy at any tlme the financial position ol the charity and to enable thern to ensure that the financial statements comply with the Charlties Act 2011. The Trustees are also responsible for safeguarding the assets of the charity and hence take reasonable steps forthe PTeventlon and detection of fraud and other irreEularities. CHARITABLE STATUS AND OBJECTIVES The Assoclation was regSsteTed as a charlty on 15 June 1999. The charitV5 prlnclpal airns and activities durlnE the year were: al To advance religlon and educatlon in accordance wlth the tenets and doetrlnes of the Hlndu religlon. In so doing to make grants to institutions or bodies provldlng educational classe5 In subjects whlch may Include Hindu heritage and culture, such as art, drama, hlstory, exhibitions. publications, literature, serninars, lecturers, dance and muslc. bl To promote good race relatlons by means of fosterlng good relatlons between people of dlfferent group. cl To relieve poverty. by the provision of grants and awards to those persons In need and or are In necess1tous clrcumstances as the Trustees shall by discretion determine. There have been no changes in the charlty's oblectlves since 15 lune 1999. Page I
BHATIA ASSOCIATION IU.K.I TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 REVIEW OF THETRANSACTIONS AND FINANCIAL POSITION The net surplus in the general fund for the year was £4,56012024.. £6,367). The general fund reserves atthe end of the flnancial year amounted to £16,96912024.. £12.4101. The charity's maln Income during the year is as follow5.. 2025 2024 Donatlons & voluntary contributions Sale of passes and entrance fees Bank interest recelved Sale of raffle tickets Subscription Income Bank Goodwill Paypal Ca5hback Uonus Paypal Giving fund Other income 7.530 9,951 4,386 515 4A57 7,161 10.764 4,127 590 5,382 25 24 32 125 167 27,563 334 28,407 THE TRUSTEES AND THE GOVERNING DOCUMENTS The following Trustees served during the year.. Rohit B3bla Ipresidentl Chandresh R Sampat (Vice Presldentl Pratik Babla (Treasurer) Anoop S Okhai Isecretaryl An5ana Swalv Bijal AshaT Bipln Nanavati The charity's governlng document15 Its Constitution. Under the Constitutlon, Trustees are elected by members for two year5, and have the power to appoint a further three co-opted members. No Trustees received any remuneration for service5 a5 a Trustee during the year12024.. £NIII. No Trustees had any beneficial interest in any contract with th& charity during the year. No insurance has been taken out to protectthe charlty against losses arising from neglert or default of the Trustee5. Neither have theTrustees been indemnllied In respect of the consequences of any such losses. Janak V Sampat Mukesh Balaria Mukesh Ved Nlta Sampat Shah Sundip Okhai The financlal Statements were approved bythe Trustees on 2026. On behalf of the Trustees Rohlt Babla Presldent Page 2
INDEPENDENT EXAMINERS, REPORTTO THE TAUSTEE5 OF BHATIA ASSOCIATION IU.K.} FOR THE YEAR ENDED 31 DECEMBER 2025 I report on the accounts of the charityforthe year ended 31 December 2025, which are set out on pages 4 to 8. Respectlve responslbllltles of trustee5 and examlner The Charity's trustees are re5pons1ble for the preparation of the accounts. The charlty's trustees consSder that an audlt Is not required for this year under section 144 of the charitle5 act 2011 I'the Charltles Art") and that an Independent examin8tion Is needed. It 15 rny responsibility to: examlne the accounts under section 145 of the Charities Act- to follow the procedures laid down In the General Directions given bythe ChaTIty Commissloner under se£tlon 14515llbl of the Charities Act,. and to state whether particular matters have come to my attention. Basls of Independent examiner's report My examlnation wa5 carried out in accordance with the general directions glven bythe Charltv Commissioner, An examination Includes 8 review If the accounting records kept bythe charity and a comparison of the accounts presented with those records. It also includes consideratlon of any unusual items or disclosures In the accounts, and the seeking of explanations from you as Trustees concerning any such matters. The procedures undertzken do not provide all the evidence that would be required Sn an audit and, consoquently no oplnion is given as to whether the accounts presents a true and fair view, and the report Is Ilmited to those matters set out in the statement below. Independent examlner's report In connectlon with my examination, no matter has come to my attentlon.. whlch glves me cause to believe that, In any materlal respect.. al the accounting records were not kept in accordance wlth Section 130 of the Charitles Act or,. bl the accounts did not accord wlth the accountlng records.. or cl the accounts did not comply with the applicable requirements concerning the form 3nd content of the accounts set out In the Charities laccounts and Reports) Regulatlon 2008 other than any requlrement that the accounts give a'true and falr" vlew which Is not a rnatter considered a5 part of an independent examillatlon. I have come across no other matters in Connectlon with the examin8tion to which 8ttentlon should be drawn In the report in order to enable a proper understanding of the accounts to be reached. Milan Pandya For and on behalf of Sterllng Associates Chartered CertlfSed Accountants 5 Theobald Court Theobald Street ElstrÈe Herts WD6 4RN Dated: . 2026 Page 3
BHATIA ASSOCIATION IU.K.I STATEMENT OF FINANCIAL ACTIVITIES FOR THEYEAR ENDED 31 DECEMBER 2025 Generdl Re5trlrted fund funds 2025 2025 Total funds 2025 Note INCOME RESOURCES Donations & voluntary contributions Sale of passes and entrance fees Bank interest received Sale of raffle tickets Subscription income Bar)k Goodwill Paypal Cashback Bonus Paypal Giving Fund Other income TOTAL INCOMING SOURCES 7,530 9,951 4,386 515 4,857 207 7,737 9.951 4,386 515 4.857 32 125 167 27,563 32 125 167 27,770 207 OUTGOING EXPENSES Direct charitable expenses 21.906 21,906 Management & administration of the charity 1,097 1.097 Restricted funds utilised Taxation TOTAL RESOURCES EXPENDED 23,003 23,003 NET SURPLUS 4,560 207 4.767 The charity made no recognised gains or losses other than those reported in the above statement. Page 4
BHATIA ASSOCIATION IU.K.I BALANCE SHEET FOR ThE YEAR ENDED 31 DECEMBER 2025 2025 2025 2024 2024 Note CURREMf ASSETS Debtors & prepayments Cash In hand Cash at bank Unlted Trust Bank Barclay5 Bank plc Cambridge and Countles Bank Paypal loo 87,084 12,644 10,331 379 110,538 86,363 19,096 112 105,571 CREDITORS- Amounts fzlllng due wlthln one year 201 CURRENT ASSETS LESS CURRENT LIABILITIES 110.337 105,571 NET CURRENT ASSETS 110,337 lQ5,571 ACCUMULATED FUNDS General fund Special core fund Restricted funds 16.969 91.539 1,829 110,337 12,4JO 91,539 1,622 105,571 The financlal statements were approved bythe Trustees on ..2026. Rohlt Bablg President Pratik Babla Treasurer Page S
BHATIA ASSOCIATION IU.K.I NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMSER 2025 11 ACCOUNTING POLICIES Basis of accountlng The accounts have been prepared under historlcal cost conventlon and in accordance with appllcable accountlnE Standards and the Statement of Recommended Practlce.. Accounting and Reporting by Charities preparlnB their accounts in aCCOTdance with the Flnancial Reporting Standard Zpplicable in the UK and Republlc of Ireland IFRS1021 issued on 16 July 2014 and Financial Reporting Standard applicable In the UK 8nd Republic of Ireland IFRS1021 and the ChaTltles Act 2011. The trust constltutes a public benefit entity as defined by FRSIO2. In preparing the accounts, the trustees have considered whether in apPInE the accountlng policlÈs requlred by FRS102 and the Charities SORP FRS102 a restatement of comparative Items wa5 needed. No restatements were required. Income Donatlons and grfts are credited to the statement of fSnancial actlvlties in the year in which they are recelved. Expendlture Dlrect charitable expenditure comprlses direct expenses incurred on the defined charltable purpose of the charltv. Management and admini5tratlon costs Include expendlture on geneT81 admlnlstratlon, management and compliance wlth constitutional and statutory requirements. Cash at bank Monie5 held at bank 3Te classlfied as cash at bank. Fund ac¢ountlng The general fund comprises those monies. whlch may be used towards meeting the charltable objectives of the charity 8t the dlscretion of the Trustees. The designated funds are rnonies set aside out of general funds and designated for specifie purpose by the Trustees. At the balance sheet date, the charlty had £91,53912024.. £91,539) in restrfcted designated funds. 21 DIRECT CHARITABLE EXPENSES 2025 2024 Annual function expenses Page 6
BHATIA A550CIATION IU.K.I NOTES TO THE FINANCIALSTATEMENfs ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 31 MANAGEMENT & ADMINISTRATIVE EXPENSES 2025 2024 Donation Postage, prlntlng & stationery Professional fees 265 126 349 474 35 1,249 126 336 475 47 1,097 Credit card cornmSsslon Payrnent processing fees Miscellaneous expenses 41 RESTRICTED FUNDS UTILISED Charitable donatlons made out of the Restricted Funds during the year. 2025 2024 Charlty donations 5} TAXATION The Association Is a registered charity. As all Income wlll be applied for charitable purpose only, the Assoclatlon will not be liable to corporation tax. 61 TRUSTEES REMUNERATION No remuneratSon was paid to the Trustees In the year. 71 DEBTORS 2025 2024 Other debtors & prepayments 100 81 CREDITORS- Amount lalllng due wlthln one year 2025 2024 Other creditors 201 Page 7
BHATIA ASSOCIATION IU.K.I NOTESTO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 91 ACCUMulAD FUNDS Restrlcted funds General Speclal fund core fund Aartl Total fund funds At l January 2025 Funds transferred Funds generated durlng the year Funds utilised during the year Net surplus for the ye3r At 31 December 2025 12,410 91,539 1,622 105,571 207 207 4,560 16,969 4,S60 110,337 91,539 1,829 Page 8
BHATIA ASSOCIATION IU.K.I INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDEO 31 DECEMBER 2025 Senloy Cltizens BHAJAN NAVRATRI DIWALI AGM XMAS PARTY TOTAL INCOME Voluntary contrlbution Sale of tickets Other sales Donatio Raffle tlckets 7,307 93 2,887 2,228 74 148 515 2,965 416 9,951 167 7,530 515 18,163 255 3,951 289 255 3.951 10,287 705 EXPENDITURE Halllcoachlboat hire costs Musicians I performers Food and catering expense Prizes Mlscellaneous expenses 330 175 575 800 1,596 3.273 2,485 5,277 420 173 648 3,144 12.103 850 I,ioo 1,924 390 5,593 4,385 9,608 420 I,goo 21,906 437 374 50 817 828 4,702 201 965 175 SURPLUS I IDEFicin 1562 11751 807 11,8161 11.7371 12601 13,7431 INCOME General donation Subscriptlon Income Bank Goodwlll Paypal Cashback Bonus Paypal GlvlnE Fund Bank deposit interest (Grossl 4,857 32 125 4.386 9,400 Les5: Donations Postage, printing & statlonery Professlonal fees Public liability Insurance Credit card cornmlsslon Payrnent processing fees Sundry expenses 50 63 126 336 47S 47 1,097 4,560 Excess of Incomè over expendlture Taxatlon Transferred to Genernl Reserve fund 4,560 Page 9