**Charity Registration No. 1135224**
**Company Registration No. 06038553 (England and Wales)**
## **MAHARASHTRA MANDAL UK LTD**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 OCTOBER 2021**
1
## **MAHARASHTRA MANDAL UK LTD**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
Trustees and Directors Rajeev Subhedar Nina Joshi Prerena Phadnis Manik Bapat Anand Gadre Charity number 1135224 Company number 06038553 Registered office address 306 Dollis Hill Lane London NW2 6HH Independent examiner Haines Watts London LLP New Derwent House 69 – 73 Theobalds Road London WC1X 8TA
2
## **MAHARASHTRA MANDAL UK LTD**
## **CONTENTS**
|-------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------|
|---|---|
||**Page**|
|Trustees' report|4 -7|
|Independent examiner's report|8|
|Statement of financial activities|9|
|Balance sheet|10|
|Notes to the financial statements
|11-17|
3
## **MAHARASHTRA MANDAL UK LTD**
## **TRUSTEES REPORT (INCLUDING DIRECTOR’S REPORT)**
## **FOR THE YEAR ENDED 31 OCTOBER 2021**
--------------------------------------------------------------------------------------------------------------------------
The trustees present their report and financial statements for the year ended 31 October 2021.
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 governing document, the Companies Act 2006 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)
## **Structure, governance, and management**
The charity is a company limited by guarantee incorporated on 2nd January 2007 and is governed by the memorandum and articles of association incorporated on 16th May 2009 as amended by the special resolution of 23rd February 2010. The company was granted charitable status on 26th March 2010. The memorandum and articles of association of the company were further updated and amended on 5th March 2014.
The company is controlled by another entity Maharashtra Mandal London which has similar charitable activities and common trustees. As per Articles of Association every member of Maharashtra Mandal London is also a member of the company.
The organisation structure of the Company consists of Board of Trustees (BOT) who are responsible for the finances, investments and custody of its funds and property.
The trustees who are also directors for the purposes of company law, and who served during the year and up to the date of signature of the financial statement were:
Rajeev Subhedar
Nina Joshi
Prerena Phadnis
Manik Bapat
Anand Gadre
A nomination committee is appointed who are responsible to scout for the appropriate trustee candidates and after interviewing them and depending on their qualifications, experience and commitment invite them to join the board of trustees. After the incumbent has accepted the invitation, the nomination committee then recommend them to the General Body for their approval of trustee appointment in the members Annual General meeting.
None of the trustees has any beneficial interest in the company. All trustees are members of the company and guarantee to contribute £1 in the event of a winding up
## **Objectives and activities**
The charity's objects are, inter alia:
To advance education in Marathi culture, language, music, dance and art amongst Marathi speaking people, their spouses and descendants (hereinafter referred to as Maharashtrians) through the provision of centre, library, exhibitions, displays and other facilities and activities.
To advance religion amongst Maharashtrians.
4
## **MAHARASHTRA MANDAL UK LTD**
## **TRUSTEES REPORT (INCLUDING DIRECTOR’S REPORT)**
## **FOR THE YEAR ENDED 31 OCTOBER 2021**
To preserve and protect good health and to relieve sickness and poverty amongst Maharashtrians.
To do all such activities that will help Maharashtrians to integrate with British culture and society such that Maharashtrians are benefited by best of both cultures and make their living in the United Kingdom a fulfilling journey.
Such activities may not only be traditional Maharashtrian but in the spirit of aforesaid object could cover activities like Sports Club, Education courses, celebration of British national days and so on. This list is not exhaustive and may cover activities that are in the spirit of mutually beneficial cultural co-existence.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
This year, the hall hire income improved compared to last year despite the Covid 19 restriction. We have two main hirers RC Church and Kumon and some adhoc hire income. It has been our priority to keep users safe and we have been vigilant in updating our hirers about changes to government guidelines The MMUK facilities were also not utilised by other community groups such as Dhol Beats and SCC due to Covid19.
Renovations continued in order to improve the building. This included new Cladding, repair of the Cross causing damp to the front wall, damp proof injections into the front and back walls, roof repairs, replacement of 2 boilers thus improving the heating system in the building, painting and decorating, installation of new carpet tiles, restoration of the front and side doors as well as the stage. In addition, pull up handles were installed in the male and female toilets. The building is being maintained through the appointment of a caretaker.
In terms of the Freehold, the Diocese has agreed to the sale of the Freehold interest of 306 Dollis Hill Lane NW2 6HH for £375,000. Fundraising Appeals have commenced.
We applied for, and successfully secured, £27,286 grant during this accounting year from the Brent Council due to Covid19 lockdown. Other fundraising activities are in progress.
Maharashtra Mandal London donated the Covid fund generated through the combined efforts of the various Maharashtra mandals in the UK, to Maharashtra Mandal UK Ltd to disburse it to various organisations in India. This was achieved by purchase of 50 Oxygen Concentraters 12 Para patient Monitors, 1,000 Pulse Oximeters, 1,000 Digital Thermometers, to be distributed to Zilla Parishad- Latur, LifeCare Hospital - Udgir, Sanjeevan Socio Medical Foundation & Amhi Amchya Arogyasathi-Nagpur, Sai Dhanvantari COVID Hospital - Yawatmal, Panchayat Samiti – Baramati, ) Chitali Vikas Manch-Chatali (Satara, Jath (Sangali), Sangati Trust-Thane, Kashtakari Panchayat -Pune, Rural Hospital-Jamner, Rotary Club-Jalana, Ambad, Rajarambapu Patil Dhyanprabodini- Islampur, Gondavale, Ahemadnagar, St. Luke's Hospital-Shrirampur, B.K.L. Walawalkar Hospital-Dervan (Ratnagiri), Bharat Jodo Yuva Academy -Kinwat (Nanded), Gondavale- Jayaben &Jayantilal Modi Foundation Trust, Nilesh Lanke Pratishthan - Ahemadnagar. We also received Facemasks and Ventilators free here in the UK, which were shipped to India for distribution. It has been a credible joint effort by all the members of the Maharashtra Covid fund committee formed for the purpose.
.
5
## **MAHARASHTRA MANDAL UK LTD**
## **TRUSTEES REPORT (INCLUDING DIRECTOR’S REPORT)**
## **FOR THE YEAR ENDED 31 OCTOBER 2021**
-------------------------------------------------------------------------------------------------------------------------
## **Public Benefit**
The trustees have complied with their duty in section 17 of the Charities Act 2011 to have due regard to the guidance published by the Charity Commission.
## **Volunteers**
We want to thank all dedicated volunteers for their hard work, commitment throughout the year in the running of various activities and cultural programmes such as Ganesh Festival and look forward to their continuous support in the future.
## **Financial review**
The statement of financial activities is set out in accompanying financial statements.
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 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.
## **Statement of trustees' responsibilities**
The trustees, who are also the directors of Maharashtra Mandal UK Ltd for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently.
- observe the methods and principles in the Charities SORP.
- make judgements and estimates that are reasonable and prudent.
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial
6
MAHARASHTRA MANDAL UK LTD
TRUSTEES REPORT (INCLUDING DIREcfoR'S REPORT)
FOR THE YEAR ENDED 31 OCTOBER 2021
statements comply with the Companies Act 2006. They are also responsible for safeguarding the asset5 of
the charity and hence for taking reasonable steps for the prevention and detedhon of fraud and other
irregularitie5.
The trustees, report
as approved by the Board of Trustees.
Anantrwadre
Flnant• Trust•0
Dated. I l. l. WOZL
MAHARASHTRA MANDAL UK LTD
IDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF MAHAWHTRA MANDAL UK LTD
I report to the tnb5teÈson my ey2mlnation of theffinal statements of Mahara5htr3 Mandal UK Ltd Ithe
charitylfortheye8ren&d 31 Octoi*r 2021.
Re5pon$Wlltles and basis ¢rtr4P
the trustees of the charity land Tts dIrtOr5f0rthe purp5 of company lawl you are Tesponsible forthe
preparatn ofthefinancial statements in accordance th the requIffents of the Companes Act 2rM16 Ithe
2006ArtI.
Having SatSfied myselfthat the finan(ial statements of the charity are not requi to beaudrf(ed under Part
16of the 2006Act and are eligible fw Independent examination, l K)rt in respect of my examinatlon of the
charftysfinanctal siatementscarrfjed vndw sectlon 145 of the (Jtarr(ies Act 2011 (the 2011 Act). In
carryingout my examination I have followed all the opble DlrectiN5 wen bythe Charity Cornmissn
undersection 14515llbl of the 2011 ACL
Indeperthtwmlnerfsstatement
I have completed myexamination. I confimithat no matters have ccffie to MYattlI0n In connection with the
examination 8hiif4me£ause io belthtthat in any materfal respett:
l accwnling CordS were not kept in respect of thetharityas regulred sertN)n 386 of the 2LNJ6 ACL. OT
2 the financial ststernents th) n¢xaccord wfjth those rords. or
3 the financial ststernents do notcompty with the acctyJ*tfjng qUIrerrEents of settion 396 of the 2006 Att
other than any requiremeot thatthe a£counts8i¥e 3tfue Pdirwew which is not a m3tter consldered as
partof an independent examinat#?n: or
4 thefinancial ststements have not been ppared in accor¢Jance with the methods and principles of the
Statement of flecornrnendtd Prathce for accourrting aftd repofting bycharities app1Kab to tharitEs
preparing theiraccouthts in accordantr vAth the Financfjal ReK¥yting 5tsndèrd applicable in the UK and
ReKxJblic of Ireland IFRS 1021.
I have no concerns and have come acn>ss no other matters in (nelon wfth the examination to whlch
attention should be drawrs In th reM to enab3 prOvAder$ndle of the financial statements to te
reach
J3
ills MA F
Independent examiner
Halnes Watts Lon(kJn LLP
New Derwent House
69- 73 Theobalds Road
london WCIX 8TA
Dated.. Ll
## **MAHARASHTRA MANDAL UK LTD**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 31 OCTOBER 2021**
|-------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------|
|---|---|---|
||**Unrestricted**|**Total**|
||**funds**||
||**2021**|**2020**|
||**Notes £**|**£**|
|**Income from:**|||
|Charitable activities|3 139,052|41,455|
||**-----------**|**---------**|
|**Expenditure on:**|||
|Charitable activities|4 138,073|37,567|
||**----------**|**---------**|
|**Net income for the year/(Expenditure) for the year**|||
|**Net movement in funds**|979|3,888|
|**Fund balances at 1 November 2020**|241,987|238,099|
||**------------**|**-----------**|
|**Fund balances at 31 October 2021**|242,966|241,987|
||**========**|**========**|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
9
MAHARASHTRA MANDAL UK LTD
BALANCE SHEEr
AS AT 31 OCTOBER 2021
2021
2020
Motes
Flxed Assets
Tangible as89ts
Current assets
Debtors
Cash fjt bank and in hand
197,768
179,102
4,746
67.042
3,420
67,138
71,788
126,590}
70,558
Crèdltots: amounts falllng due wlthln
on? year
10
(7,6731
N¢t current a88ets
45,198
62,885
Total assets less currènt liabblitl•s
242,966
241,987
Income funds
Unrestricted funds
242,966
241,987
242,966
241,987
The company is entitled to the e¥emption from the audit requirement contained in section 477 of
the Companies Act 2006. tor the year ended 31 October 2021. The members have not required the
company to obtain an audit of its financial statements for the year in question in accordance with
section 476.
The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting
records which comply with section 386 of the Act and for preparin8 financial statements which give
a true and fair view of the state of affairs of the company as at the end of the financial year and of its
incoming resources and application of rèsourceg, Including its income and expenditure. for the
financial year in accordance with the requiremerit5 of sections 394 and 395 and which otherwise
comply with the reqLtireinents of ilie Curtipti11ies Act 2006 relating to financial 5tatement5, $0 far a5
applicable to the company. These financial statements have been prepared in accordance with the
provision5 applicable to companies subject to the small companvs regime.
The flnancial statements were approved by the Trustees on 21102/2022
Anand Gadre
Finance Trustee
Company Registration Number 06038553
io
## **MAHARASHTRA MANDAL UK LTD NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDING 31 OCTOBER 2021**
--------------------------------------------------------------------------------------------------------------------------
## **1 Accounting policies**
## **Charity information**
Maharashtra Mandal UK Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 306 Dollis Hill Lane, London, NW2 6HH. The charity meets the definition of a public benefit entity under FRS 102.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity’s governing document, the Companies Act 2006 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)” (effective 1 January 2019).
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 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.
## **1.2 Going concern**
The financial statements have been prepared on a going concern basis. The trustees have reviewed and considered relevant information, including future cash flows in making their assessment. The Trustees have taken in to account the impact on the business of possible scenarios brought on by the Impact of Covid 19 alongside the measures that they can take to mitigate the impact. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions and the current resources available the Trustees have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors 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.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
11
## **MAHARASHTRA MANDAL UK LTD**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDING 31 OCTOBER 2020**
----------------------------------------------------------------------------------------------------------------
## **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.
Rental income is recognised over the period on which it is earned.
## **1.5 Resources expended**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefit will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular heading, they have been allocated to activities on a basis consistent with the use of resources.
Support costs are incurred supporting the charity’s activities and include expenditure associated with back office costs, finance, human resources, IT and governance. Governance costs include audit costs, and legal advice for the trustees and any other costs associated with constitutional and statutory requirements.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings Over the term of the lease Fixtures and fittings 33.33% per annum on a straight-line basis Computers 33.33% per annum on a straight-line basis
12
## **MAHARASHTRA MANDAL UK LTD**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDING 31 OCTOBER 2021**
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 net income/(expenditure) for the year
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated to determine the extent of the impairment loss (if any). Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for impairment annually, and whenever there is an indication that the asset may be impaired.
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other shortterm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **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 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.
## **1.10 Basic financial assets**
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## **1.11 Basic financial liabilities**
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
13
## **MAHARASHTRA MANDAL UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 OCTOBER 2021**
## --------------------------------------------------------------------------------------------------------------------------
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## **1.12 Derecognition of financial liabilities**
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.13 Reserves Policy**
As per Memorandum of Association clause (4.1 h) it is the policy of the charity to set aside income as a reserve against future expenditure for at least 6 months.
## **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 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 Charitable Activity**
||**2021**|**2020**|
|---|---|---|
||**£**|**£**|
|Hall Hire
|23,469|16,455|
|Grants|27,286|25,000|
|Interest
|4|-|
|Donation From CAF
|15|-|
|Donations received from MML Covid Fund
|88,278|-|
||-----------|----------|
||139,052|41,455|
||======|======|
14
## **MAHARASHTRA MANDAL UK LTD NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDING 31 OCTOBER 2021**
--------------------------------------------------------------------------------------------------------------------------
## 4 **Charitable Activity**
|4
**Charitable Activity**||
|---|---|
|**2021**
**£**
Donations Disbursed and to be Disbursed for the Covid Fund 88,278
Donation to Covid Fund from MMUKL 5,000
General and Water Rates
679
Insurance
6,310
Light and heat
4,428
Repairs and maintenance
6,731
Cleaning and Gardening
2,664
Waste disposal
-
Ground rent
300
114,390
Share of support costs (see note 5)
22,933
Share of governance costs (see note 5)
750
138,073
**5**
**Support costs**
**Support**
**costs**
**Governance**
**costs**
**2021**
**£**
**£**
**£**
Depreciation & Amortisation
12,093
-
12,093
Caretaker
3,172
-
3,172
Printing, Postage and stationery
531
-
531
Telephone expenses
773
-
773
Website cost
1,135
-
1,135
Subscriptions and Fees 230
-
230
Trademark
-
-
-
Accountancy
-
750
750
Legal and Professional
4,869
-
4,869
Other Expenses
130
-
130
22,933
750
23.683|**2020**
**£**
-
-
856
6,162
5,895
6,613
2,369
1,025
900|
||23,820
13,097
650|
||37,567|
||**2020**
**£**
4,766
5,205
513
1,238
679
276
420
650
-
-|
||13,747|
## **6 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
## **7 Employees**
There were no employees during the year.
15
## **MAHARASHTRA MANDAL UK LTD**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDING 31 OCTOBER 2021**
|**8**|**Tangible fixed assets**|||||
|---|---|---|---|---|---|
|||**Leasehold**|**Fixtures and**|**Computers**|**Total**|
|||**land and**|**fittings**|||
|||**buildings**||||
|||**£**|**£**|**£**|**£**|
||**Cost**|||||
||At 1 November 2020|190,200|93,504|905|284,609|
||Additions|-|30,759|-|30,759|
||At 31 October 2021|190,200|124,263|905|315,368|
||**Depreciation and impairment**|||||
||At 1 November 2020|23,055|81,547|905|105,507|
||Depreciation for the year|2,400|9,693|-|12,093|
||At 31 October 2021|25,455|91,240|905|117,600|
||**Carrying amount**|||||
||At 31 October 2021|164,745|33,023|-|197,768|
||At 31 October 2020|167,145|11,957|-|179,102|
|||||**2021**|**2020**|
|9|**Amounts falling due within one year:**|||**£**|**£**|
||Trade debtors|||3,996|1,480|
||Other debtors|||750|1,940|
|||||4,746|3,420|
|10|**Creditors: amounts falling due within one year**|||||
|||||**2021**|**2020**|
|||||**£**|**£**|
||Other Creditors|||1,075|6,173|
||Covid Fund Disbursements outstanding|||23,515|-|
||Accruals and deferred income|||2,000|1,500|
|||||26,590|7,673|
16
**MAHARASHTRA MANDAL UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 OCTOBER 2021**
## 11 **Movement in Funds**
|**Movement in Funds**|||
|---|---|---|
||**Balance**|Net Movement**Balance**|
||**At 01.11.2020 in Funds At 31.10.2021**||
|**Unrestricted Funds**|||
|Total General Fund|241,987|979 242,966|
||**======**|**====== =======**|
|**Net Movement in Funds, included in above are as follows.**|||
||**Incoming**|**Resources Movement**|
||**resources**|**expended in Funds**|
|**Unrestricted Funds**|||
|Total General Fund|139,052|(138,073) 979|
||======|=======
=======|
|**Comparatives for movement in funds**|||
||**Balance**|**Net Movement Balance**|
||**At 01.11.2019 In Funds At 31.10.2020**||
|**Unrestricted Funds**|||
|Total General Fund|238,099|3,888 241,987|
||**======**|**====== =======**|
||**Incoming**|**Resources Movement**|
||**resources**|**expended in Funds**|
|**Unrestricted Funds**|||
|Total General Fund|41,455
|(37,567) 3,888|
||======|======
=======|
|**A Current Year 12 months and prior year 12 months combined position are as follows. **|||
||**Balance**|**Net Movement Balance**|
||**At 01.11.2019 In Funds At 31.10.2021**||
|**Unrestricted Funds**|||
|Total General Fund|238,099|4,867 242,966|
||**======**|**====== =======**|
|**A Current Year 12 months and prior year12 months combined net movement in funds, included in above are**|||
|**as follows.**|||
||**Incoming**|**Resources Movement**|
||**resources**|**expended in Funds**|
|**Unrestricted Funds**|||
|Total General Fund|180,507|(175,640) 4,867|
||======|======
=======|
## 12 **Related Party Transactions**
The directors/trustees of the Company are also common trustees of Maharashtra Mandal London (MML) an unincorporated charity having the same charitable objectives. At the end of the year a sum of £ 88,278 (2020- £ Nil) was received as a donation from MML.
There were no donations received from the Directors/Trustees of the Company during the current year as well as in the previous year.
17