CHARITY REGISTRATION NUMBER: 1169887 Oshwal Elderly Welfare Association CIO Unaudited Financial Statements 31 December 2025 MALDE & CO Chartered Certified Accountants 99 Kenton Road Kenton Harrow Middlesex HA3 OAN
Oshwal Elderly Welfare Association CIO Financlal Statements Year ended 31 December 2025 Page Trustees, annual report Independent examiner's report to the trustees statement of financial activities Statement of finanaal position Notes to the financial statements The following pages do not forni part of the flnancial ststements Detailed ststement of financial activities 16 Notes to the detailed ststement of financlal activities 17
Oshwal Elderly Welfare Association CIO Trustees. Annual Report Year ended 31 December 2025 The trustees psent their rowrt and thè unaudited finanoal slalements of the charity for thè year ended 31 Decembor 2025. Reference and aqlmlnlstratlve delalls Regl8tered charfty name Osfwal Elderly Welfare A8SOCtation CIO Charlty reglstratlon number 1159887 Principal offlce 70 St Edmunds Drive Slanmore Middlesex HA7 2AU The tNstees Mrs Bina S. Shah-chaiiperson Dr Dinesh P. Shah-Treasurer Mrs Um)ila D. Shah Mr Sobhagchand D. Shah Mrs Vasanliben D. Shah Mr Jayanlilal M. Shah Mr Rasik Kana rs Manjula Karla (Appointed 14 July 20251 (Retired 14 July 2025) (Retsred 14 July 20251 (Appointed 14 July 2025 CharFty secretary Mr Sobhag¢hand D Shah Advlsorlo Tru8tee8 PAr Jayanlilal M Shah Mr Dhiraj F Shah Independent examlner Malde & Co 99 Kenton Road Kenton Harrow Middlesex HA3 OAN
Oshwal Elderly Welfare Association CIO Trustses. Annual Report{contlnu Year ended 31 December 2025 structure, govemance and management OEWA CIO is a charitable incorporated organisation and is govemed by a consliluts'(M datgd 12 January 2015. Membership Membership is open to P8rsons aged 50 or above who are interested in furtheTing the purposè of OEWA CIO. The purp05? of OEWA CIO is lo Improvè the welfare of elderly people by involwng them in social and leisure aetiviti85, helping them lo make arKI maintain friendships and provKYing thom with information about thr mentsl and physical health. M8mbgrship runs from January lo 08c8mb8r. The membership fee is £60 for two yews. The advantage of becoming member are d1scounled rates to powlar event8 and the OPPOrtunily lo register for OEWA CIO organised holidays. OEWA CIO has appointed charity trustees to manage the affairs of the CIO and may for that purpx)se &xer¢ise all ihe powers of the CIO. Details of all Iruslees that held office duriro the year is found on page 1. 811gibilily ¢rileria lo tecom8 a Injstee of OEWA CIO 8re'. 1. The trustee musl be a natural person 2. Musl be aged 50 years or over.. And 3. Musl be a memb8r of OEWA CIO fcf last 5 years ¢on$e¢utiv8ly and can actively lake responsibility of smooth running of the Organisation. Al every annual general me8ling of the members of the CIO, one-lhird of the charty trustees shall rebr8 from office. At the AGM on 14 Juty 2025, two Trusl8es, namely Mr Jayants'lal M Shah and Mr Rasik Kana retired and were not reolecled. Two Trustees were olecled by Members in accordance with the required procedure. These were Mrs Manjulaben Kana and Mrs Vasanli Dinesh Shah. The Charity Commission has teen advisod accordingly. TNstees Remunerntion charity trust8es spend lime in organising the international Irips. This year th8 lour agent provided the charity with Nvo complimentsry tickets for the businèss ggneraled. To cover th8 expenses In1rred in running the charity and organising the trips th8 committee agreed that Binaben S. Shah and Vasanliben D. Shah could ulilisa the complimentary ticke18. The trustees received no other reimbursement of expenses or remuneration Objectlves and actlvmles The objects of OEWA CIO are. for the public benefit. to relieve isolation and slckness and poor h8allh amongst elderly people of Indian origin, in particular, but not exclusively, by.. 1. Arranging social and ISure aclivilies., 2. ProvKling activities. sarvic9s and faclllties designed lo meet their weffare neéds., and 3. ProvKling informalion about other organisatsons which provide such activities, services and facilities.
Oshwal Elderly Welfare Association CIO Trustees. Annual Report (conthu1 Year ended 31 December 2025 Achievements and perfomiance OEWA CIO held a number of interesting and lively events for membors.. 1. 24 Mah 2025.. Double Dh8maka celebrating F40li and Mothers Day A be8uts.lul display of Holi with vibrant ColoS. Memb•rs onjoy8d listening to the story of Holi and d8ncing lo the sweet melodies of Holl songs. In the aftemoon. there were lovely Molherfs Day celebrallon songs 2. 28 Apnl 2025.. Tribute to Rajesh Khanna A beautiful powerpoint display of his life and his great contribution to Indian Cinema. Members danced to all the famous liltsng songs from his most populor films. 3. 16 June 2025.. Bh8jans and Falherfs Day together with a Proslafe Cancer A wanesS Talk Members listened and joined in some beautiful bhajans. Awesome song$ wgrg dedicated lo all the fathers and all fathers w@rè gppreciated and honoured. Memb8rs greatly appreciated an infomiative talk about Prostrate Cancer. 4. 14 July 2025.. AGM and Bollywood Zumba Aftèr the AGM, members h&1 a fanlaslic Bollywwd Zumba $885iOn With Sats'5hbhai Shah. 5. 1 l Augus12025.' India s Independence Day Members w8re welcomed with India flags. hat5 and badges and everyone dressed In the colours of the Indian tlag- orange, white and green. Entertainment included 8 deeply moving presentation on the story of India's struggle for Independence and beautrful live perfomances of Independenoe Day songs. In the aftemoon Raksha Bandhan and Janmash18mi songs were pkayed. 8. 8 Seplember 2025.. Navratri Special Members celebrated Navralri by playing Ra8s Garba, taking part in the awti and listening lo PowerPoint presentation on the story of Navralri. In the aftemoon Ganesh Chaturthi was ¢0Iobraled. 7. 27 October 2025 .' Diwali Celebrations Members were givoTr divas and were all encour8g8d lo join in various diva danc8s. Members 81$0 enjoyed a PowerPoint Presentation on the ever popular Hindu Diwali Story of Ram and Sila. As a special Ireal, 0 members enjoysd amar p88k made by tho Trustees. In the afternoon, members enjoyed playing dandiya, and members who wer9 disabled or unable lo walk comfortably were encouraged lo take part by playing whi15t silting on tlTrAir chair$. 8. 8 Dember202s.' Chnstmas ce1ebffttn Members were given special Christmas tree biscuits, listened lo the Christmas Story and joined in singing Christmas carol¥. In the aftemoon, members enjoyed powlar and lively African songs by Niluben and paty. Members enjoyed the followlng day trips and holiday8 l. February 2025 ." Delhi, Ag wtth Madhya Pradesh Tour Members enjoyed 8 19 day tour of the spectacular palaces in Delhi, Agra wrth the Madhya Pradesh Tour. 2. 5 July 2025.. Windsor Members enjoyed a summer d8y Out exploring Wnd$or and Bekonscot Model Village and the rai¥SY
Oshwal Elderly Welfare Association CIO Trustees, Annual Report (tontlfttRd) Year ended 31 December 2025 3. 23 Juty lo 28 Juty 2025 .' Isle of M8n Members enjoyed a six day tour lo Isle of Man with one night Liverpool. Membèrs enjoyed the Maix Electric RaiaY and the Snaefell Mountain Railway. It was amazing to see the Great Laxey eel. 4. 17 August 2025.. Oxford Mambers enjoyed a groat summer day out with 8 train ride on the Chinnor Railway and Punts'ng in Oxford. 5. 10 September lo 17 September 2025.. Spain Members enjoyed an eigm day tour to S8ville. Granada and Classic Spain. Flnanclal revlew OEWA CIO satisfies the criteria for the &xemptson from an audit of the financ4al ststements. Tho result foi the period are set out In tho finanaal statements. The net incoming resource fcf the period was £34,269 and the amount attributable lo unrestricted funa$ now $land$ 8t £531.397. RESERVE POUCY Bearing in mind the aims and objects of the charity, thè trustees ensure that unrestricted funds are not invested in fixed and long-lenn assets. whh would 81811 the progress of the activities. The trusteès together with the treasurer e aware that OEWA CIO is holding a large reserve and regularly monitor the situation for any unenwsaged ev9nl and ensure that there are adequate freè resèrves available for the genèral purpose of OEWA CIO. KPS Hall Fge KPS Hall SIgnlean11Y increased hire charges in 2025. Finally, we would like to thank our members fortheir continual suppcft. Wthout our members wo would not ba able to run OEWA CIO. So a big great THANK YOU to all our members. We ask for forgiveness rf knowinJy or unknowingly we have hurt 8nybody's feelings, Th& trustees, annual report was approved on 3 June 2026 and signed on behalf of the board of tNstees by.. Mrs Bina S. Shah Trustee Mr Sobhagchand D Shah Charity Secretsry
Oshwal Elderly Welfare Association CIO Independent Examinerfs Report to the Trustees of Oshwal Elderly Welfare Association CIO Year ended 31 December 2025 I report lo the truste8s on my examinatlon of the fi'nanual slalemgnls of Oshwal Elderty Welfare Assoaalion CIO I'the charily'l for the year ended 31 December 2025. Responsibllltles and basls of rnport As the trustees of the charity, you are responsible for the preparation of the financial ststements in accordance wilh thg rgquiremenls of the Charities Act 2011 I'lhe Act'i. I r8POrt in respect of my examination of the charity's finanaal slalemenls carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission undor sgction 14515llbl of the AGI. Independent examlnerf8 ststement have compl8ted my examination. I confirm that no mat8ri81 matters have come to my attention in connection wllh the examination giving me cause lo belv&ve that in any material respect.. accounting records were not kept in respect of tho charity as required by secti¢)n 130 of the Act; or the fi'nancial statements do not aord with those reccfds,. or the financial statemants do not comply with the applicab18 requirements conceming the fom and content of accounts sel out in th8 Charities (Accounts and Reports) Regulations 2008 other than any requirem8nl that the aOuntS give a 'true and fairf vlew which is not a maller considerad as part of an ind•p8ndent examination. I have no conGems and have come across no other matters in connection with the examination lo wttich attèntion should be drawn in this report in order to 9nable 8 proper und8rslanding of thg accounts to be ached. Malde & Co Independent Examiner 99 Kenton Road Kenton Harrow Middlesex HA3 OAN
Oshwal Elderly Welfare Association CIO statement of Financial Actlvtties Year endad 31 December 2025 2026 Restrided funds Total fund8 Total fvnds 2024 Unrestricted funds No Income Donglions aThY membership Charitable activities Investment income 27.742 42,497 20,255 2.454 30,196 42,497 20,265 91948 24,476 74,950 8,675 Total Income .494 2,454 108,101 Expendlture Expendrture on charitable aclivfties Other exp8ndilur8 Total expendlture .225 2,454 6Q679 47,754 &8,225 2.454 58,879 47,783 Net Income and n•t movement in funds 34.269 34269 60,318 Reconclllatlon of funds Total funds brought forw8rd Total funds carrfed lorward 497,128 $31,397 497,128 531,397 436,810 497,128 The statement of fina)cial adivilY&s Includes all gains and losses recognised In the yeaf. All income and expenditure derive from continuing activ1t. The notes on pag•s 8 to 14 fom pttrt of thèse financlol stat•m•nts.
Oshwal Elderly Welfare Association CIO Statsment of Flnancial Posltion 31 Decomber 2025 2026 2024 Not• Flxed assets Tangiblo fixed assets 13 1,466 1.955 Current a¥$5 Debtors Cash at bank and in hand 14 4,230 687,374 571.604 1,700 543,952 545.652 Credltors: amounts falllng due %%7thln one year Net current amets 15 41,673 50.479 629,931 631,397 631,397 495.173 Total assets less cumt Ilabllltle¥ 497.128 Net assets 497.128 Fund8 of the charfty Restrlcted funds Unrestricted fijnds 13,5041 634,901 631.397 497,128 497,128 Total charlty funds 17 Th8s8 financial statements were approved by the board of trustees and authoris8d for issue on 1 June 2026, and ar8 sgned on behaff of the board by.. Dr inesh P. Shah Trustee Thfr not•8 on pages 8 to 14 form part ol thes• fin•nclal stst•ments.
Oshwal Elderly Welfare Association CIO Notes to the Financlal Statements Year ended 31 December 2025 Genernl Infomiation The charity is a publSc benefit entity and a register•d ¢harily in Enoland 8nd Wales and is unincorporated. The address of the principal office is 70 St Edmun¢Js Dn've. Slanmore, Mid¢Jlesgx, HA7 2AU. statement ol compllance These financial slalemenls have been prepared in compliance with FRS 102, 'The Flnancial ReportiNJ Standard appliCae in the UK and th8 R8public of Irglarsd,. the Statemoni of Recommended Practit& applicable to ch8ritle5 preparirrfJ their accounts in accordance wfth the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland {FRS 1021 (Charities SORP IFRS 102118nd Ihe Charilies Act 2011. Accountlng policles Ba$1$ of preparatlon The finan81 stalements have been prepared on the histonc81 cost basis, as modifie¢J by the ravaluation of certain finanaal assets and liabilitie$ and investment prop•rties measured al fair value through income or eXndItre. The financial slalements afe prepared in sterling, which is the fiJnctional Currency of th8 enlily. Golng concem Therg are no material uncertaintles about the charity's abllity to eontinue. Judgem•ni8 and key Sources of estimatlon uncertainty The preparation of the financial slalemenls requires management lo make judgements, gslimales and assumptions that affect the amounts reported. These estimates and judgemenls are continually reviewed and are based on exp8rience and olhor factors. indudlng expectations of future events that are believed lo be reasonat49 under the circumstsnGe5. Fund accounting Unrestricted funds are available for use al th& discretion of the tTUStees to further any of the general oty'ectivgs of the charity and whh have not been designated for other purposes. Restricted funds are subjected lo restrictions on their exp8ndilur8 declared by the donor or which have been raised by the chanly for a particular purpose. The cost of raising atTrJ administering such funds are charged against the speafic fmd. Incoming resour¢g5 All income Is included in the stslemenl of financial 8cliviti85 when entitlement has passed lo the arily. il is probable that the economic benefits associatéd with the transaction will flow to the charity and the amount can be reliaNy measured. The following specitic poliaes are applied lo particular categories of income.. income from donations or grants is recognised when there is evidence of entiuement to the gift. receipt is probable and ils amount can be measured reliably.
Oshwal Elderly Welfare Association CIO Notes to the Flnanclal Statsments (c¢tIn• Year ended 31 December 2025 Aeeountlng pollcles {conthwdJ Incomlng resources {condfnu•d) ino)me from donated goods is measured at the fair value of the go(x15 unless this is impractical to measure reliably, in which ¢ase the value is derived from the cost lo the donor or the estimated resale value. Donated facilibes and sewi$ are recognised in the accounts when received if the V81ue can be reliably measured. No amounts arè indudedforlhe contnbutron ofgèn8ral volunteers. Resources expended Expenditure is recognlsed on an accruals basis as 8 liability is incurred. Expenditure indudes VAT, and is dassrfied under headings of the slatemoni of financ4al activities lo which it relates.. expenditure on raising funds includes Ihe costs of all fundraising aclivitias and events. expenditure on charitsble activitie8 includes all costs incurred ty a charity in undertaknng acb"vities that fvrther its charitable aims for the b8nefil of its benefici8ries, including those support costs and costs relating lo the govemance of the charity apportioned to charitable aclivilies. All costs are 8llocal8d lo expenditure categories refiecling the use of the resLwr¢e. Tr'rect costs 8ttribulable lo single aclivlty ar8 alk)caled directly lo that activity. Shared costs are 8PPOrtionèd between the activities thoy contribute to a reasonab18. justifiable ccfjsistenl basis. Tanglble assets Tangible agsels ar8 initially recorded at¢ost. and subsequently stated al cost less any aceumulaled depfeciation and impairment Ios8es. Depreclatlon Depreciation is calculated so as to write off the cost orvaluation of an asset. less its r8sidual vdue. over the useful economic life of that asset 8s follows.. Equipment 25% reducing balanco Impalrmenl of flxed assets A revlew for indicators of impairment is carried out al each reporting dale, with the recovgrable amount being estimated where such indicators exist. Vvhere the carying value exceeds the recoverable amount, the asset Is impaired accordingly. Prior impairrnenls are also reeWed ftir possible reversal at each reporting date. For the purposes of impaifmenl testing, when It is not possible to &slimate the recoverable amount of an indiwdual asset, an estimate is ma¢Je of the recoverable amount of tre ¢ash.generating unit to which the asset bdongs. The cash-generaling unil is the smallest Klentrfiable group of assgts that includes the assgt and general8s cash inflows that largety independent of the cash infl¢NS from other assets or groups of assel$.
Oshwal Elderly Welfare Association CIO Notes to the Financial Statements (tontinued) Year ended 31 December 2025 Accounling pollcles (¢ontlnuedJ Flnanclal Instruments A finanual asset or a financial liability is rgcogni59d only when the enltty becomas a party to the contractual provisions of Ihe instrument. Basic financial instruments ar8 initially reo)gnised at the amwnl rec8iV8ble or p8r8ble Including any rdated tran5adion costs, unless the arrangement conslilutes 8 financing transaction, where it is rocognised al the Ffesenl value of the fvture payments discounted at 8 markèt r8t8 of interest for a similar debt instnJm8nl. Current assets aThJ current liabillties are subsequently measured at the cash or other conSIderaOn expected lo be paid or received and not discounted. Donatlons and membernhlp Unrestricted Funds Reslri¢led Total Funds Fun¢Js 2026 Donatlons DonatIS 5,399 2,454 7.853 Subxrtptlons Membership income 22,343 22,343 27,742 2,454 Unrestricted Funds Restricted Total Fwds Funds 2024 Donatlons Donations 8,281 3.748 12,029 Sub$Grlptlons Membership incom 12.447 12.447 20.728 3,748 24.476 Charltable a¢tlv5tles Unre8tricled Totsl Fund* Unrestrieled Total Funds Funds 2025 Funds 2024 Lth7cheon collection Administration fee for holidays Local holid8yS 27,081 14.992 424 27.081 14992 424 39,295 29,801 39.295 29.8D1 5.8S4 42,497 41497 74.950 74,950 10
Oshwal Elderly Welfare Association CIO Notes to the Flnancial Statements (contlnued) Year ended 31 December 2025 Invethént Income Unrestricted Total Funds Unrestricted Total Funds Fun(ts 2025 Funds 2024 Bank interest receivable 20,255 20,255 8,675 8.875 Expendlture on charftable actlvlti08 by fund type unre8tn.cted Funds Raslricted Total Funds Funds 2026 Charitable donations Lunchgon collection Suppcrt costs 1.050 50,778 4,397 3,504 50,778 4.397 56,225 58,679 Unr9Stricted Funds Restricted Total Funds Funds 2024 Charitsble donations Luncheon collection Support costs 176 39,835 3,995 3,748 3.924 39,835 3,995 47,754 44,OC6 3.748 Expendlture Gharftablg actlvltle8 by act1v type Activrtiès undertaken directly Support Total funds costs 2025 Total fund 2024 Charitable donations Luncheon collection Govemanee costs 3,504 50,778 3,604 50.778 4.397 3,924 39.83S 3,995 47,754 4,397 4,397 54,282 Other expendlture Unrestricted Total Fund8 Unrestricted Total Funds Funds 2026 Fun(ts 2024 Loss on disposal of tangible Thxed assets held for charity's cwn use 29 29 11
Oshwal Elderly Welfare Association CIO Notes to the Financial Ststements (conllnued) Year ended 31 December 2025 10. Net Income Net income Is stated after ChargIn(credItIng.' 2025 2024 Depreciab'on of tangible fixed assets Loss on disposal of tangible fixed assets 29 11. Ind*pendent examlnation fo•$ 2026 2024 Fees payable lo th$ ind8pendenl examiner for.. Independent examinth'on of the financial statements 1.800 12. Trustee remuneratlon and expen8e8 The trustees recèivgd no remuneration from employment with the ¢hartiy. 13. Tanglble flxed a8set8 Equipment Total At 1 January 2025 and 31 Dècember 2025 Depreciation At 1 January 2025 Charge for the year At 31 De¢ember 2025 5.593 5,593 3.638 489 4.127 4.127 Carying amount At 31 December2026 1,466 1,466 1,955 At 31 December 2024 1.956 14. Debtorn 2025 2D24 Prepayments and accrued income Other debtors 1,692 2,638 4230 1,700 1,700 15. Credltors: amounts falllng due withln one year 2026 2024 Accruals and deferred incomé Other creditors 21766 18,917 10,272 40,207 41,673 50.479 12
Oshwal Elderly Welfare Association CIO Notes to the Financlal Statements (ClIn•d) Year ended 31 December 2025 18. Défèrf•d Ineome 2026 2024 Anx)unt deferred in yèar 20.955 8,472 17. Analys13 of tharltable funds Unrestrlcted funds Al 1 January 20 25 At 31 Decembe r 2028 Income Expenditure Unre8trieled Fund 497.128 90.494 {56,2251 631.397 Al 1 January 20 24 At 31 December 2024 Income Expenditur8 Unrestricted Fund 436.810 104.353 {44.0351 497,128 Re8trICt funds Al 1 Janu¥y 20 25 At 310ecembe r 2026 Income Expenditure Charttable donatKJns 2,454 {2,4541 Al 1 janu 20 24 At 31 December 2024 Income Expenditure Ch8rrtable donatn$ 3.748 {3,7481 13
Oshwal Elderly Welfare Association CIO Notes to the Flnancial Statements (eontirtu Year ended 31 December 2025 18. Analy81s of net asuts between funds Unrestricted Total Funds Fund8 2026 Tangible ffixed assets Current ass8ls Credrtors less than 1 year Net assets 1,466 571.604 (41,673) 631,397 571,604 141,673 531.397 Unreslri¢led Tota Funds Funds 2024 Tangible fixed assets Current assets Creditors less than l year Net assets 1.955 545,652 150,4791 497.128 1,955 545,652 150,479) 497,128 14
Oshwal Elderly Welfare Assoclation CIO anagement Inforniatlon Year ended 31 December 2025 The followlng page• do not fom) part of the lin•nclal stat•m•nts. 15
Oshwal Elderly Welfare Association CIO Detailed Statement of Financial Activities Year ended 31 December 2025 2025 2024 Income Donatlons and mèmbershlp Donations Membership income 7,863 22,343 30.196 12,029 12,447 24,476 Charltable actlvltle8 Luncheon collèction Administration fee for holldays Local holidays 27,081 14,992 424 39,295 29,801 5,854 42,497 74,950 Invèstment income Bank interest receivable 20,266 8,675 Total ineome 92,948 108,101 Expendlture Expendlture on charltable actlvltles Insurance Legal and Profeonal fees Depreciation Direct costs for lunchecfis Bank charges Charitable donations Sundry Expenses Printing, postage and slallonery 479 1,800 1.800 60,778 357 3.S04 34 1,236 58,679 39,834 363 3,924 35 47,754 Other ¢xpendltsJre Loss on disposal of tangible fixed assets held for charily's own use Total expendlture 58,679 47,783 N8t Income 34,269 60,318 16
Oshwal Elderly Welfare Association CIO Notes to the Detsiled Statement of Financial Actlvltles Year ended 31 December 2025 2025 2024 Expendlture on ¢harltable actlvitie• Activltles undortakén directy Donations 3,924 Luncheon collecllon Actlvftles undèrtak•n direcffy Direct costs for luncheons 50,778 39,835 Govemance costs Govemance costs - insurance Prof8s$nal fe8S Govemance costs - depreciation Bank charges Sundry expenses Printing, postage and stationery 479 1,8DO 589 1,800 357 1.236 730 4397 3.995 Expendllure on charltable a¢tlvltle8 58,679 47.754 17