Re
ort of the Trustees and Treasurer for the
ear endin
31
12
22
The Accounts for the year ended 31, Dec. 2022 have been prepared and circulated to the
members.
Rental Income
For the year 2022, the Trust received gross rental income of £27,628 which is lower than the
prior year of £32,960. This takes us back to 2018 when we received rental income of
£27,148. The reason is that no rent wa5 received form 100 Peel Hall. You may recall that this
51tuation started due to the Covid-19 crisis which led the Government to legislate that
tenants could not be evicted for non-payment of rent during this crisis period. The tenant at
thi5 location took full advantage of this. Once we could we started the legal process of
evicting them and in the middle of May 22 the tenants vacated by themselves. I viewed the
premises with the agent and it was apparent that for it to be back on the market again it
required full re5torationlrefurbishment. The agent could only start work on the premises in
Oct 22 so difficult was the availability of builders. However, slippages took place and the
agent could not fulfil the Oct 22 date and I therefore, changed the Agent. The new Agent
being the same as the one who manages 88 Peel Hall. l am happy to say that the property is
now back on the Market and at a higher rate.
I believe that the maximum gross rental we can achieve at this stage is £34,000 and
therefore. for 2022 we achieved a utilisation rate of 80%.
The maintenance cost in 2022 was £11,193. This is higher than the prior year which was
£8,824 which too was higher than the normal. The big expenditure for 2022 were..
Roof repair £,2,500 Vance Road,.
New Shower £1,220 Vance Road:
Double Glazing £1,650 88 Peel Hall- and
Repair to Wall £400 88 Peel Hall.
With reference to 2023 there will be higher maintenance cost due to the
restoration/refurbishment of loo Peel Hall St.
The total Net Rental Income was £13,156 compared to prior year of £20,032. This is a little
higher that what was achieved in 2017.
Other Income
Other income which includes, members fees, Ramadan Funds, etc. came to a total amount
of £1,166 this is half that was archived in 20211£2,6351. The Ramadhan fund was £390
which is down from £605. The money sent to Bhattai for Ramadhan was £2,150.
Expenses and Donations
The total expenditure was £14,231 which is £7,874 higher compared to 2021. The largest
cause of this increase are..
£4,000
UK residents.
UK Educational grant. This is our new policy of providing grants to

£1,500
E2,000
PèymentS to Bhattai High School- and
Welfare/Medical Fund.
Net Surplus
The Surplus of funds for the year was £91. Which is £16,219 lower than 2021. Over the pass
6 years the average surplus achieved was £12,503 pei year. Going forward, I do not expect
to achieve surpluses a5 high as the recent past as we have other expenditure we have set-up
namely the UK Education Grant.
Assets/Llabllltles
The bank balance is a healthy £43,108. We have now repaid all members who gave us Karze
Hasana Loan in 2014 totalling £63,000 for the purchase of 38 Vance Road Blackpool. What
now remains is the amount owed to Panama Jamaat.
Panama does not wish to be re-paid and wants us to hold the money for use in future
projects in India.
Valuatlon
An approximate valuation was performed by the agents for the charity assets and the total
property value is £355,000. The book value is £235,077.
The above valuation was undertaken in 2021. The next Valuation will be in 2024.
Accounts from Indla
Awaltin8 from India
Bhattal Investment in Panama.
A building comprisin8 of a Salon and 10 flats was purchased for £175k jointly by 8hattai India
Jamaat and Panama Jamaat.
Awaiting Income/Expen5e information for 2022.
Projects in India
Currently, there are no projects ongolng in Bhattai.
I S Ravat
Treasurer / Trustee
9/5/23

BHATTAI TRUST (UK)
Registered Charity 1177449
Accounts for the Year Ended
31 December 2022
Balaji Accountants
Certified Public Accountants Association

BHATTAI TRUST IUKI
Contents
Pag
Independenl Ex8mlnerfs Report
Income and Expendllure Account
Balance sheet

BHATTAI TRUST (UK)
Independent Examlnerfg Report lo the Trustees
I report on the accounts of tho Trust for the year ended 31 December 2022, whlch are sel out on pages 2
103.
Respectlve responslb511tlè$ of tru8te88 and examlner
The charity's Iruslees are responslble for the preparation of the ac¢¢unls. The charlty's tru$lees con$id¢r
that an audit Is nol required lor Ihls year undgl secllon 144 of the Charill$$ A¢1 2011 Ith¢ Chariti$$ A¢ll
and that an independent examination is needed.
11 Is my responsibillty lo..
examine the accounts under seclion 145 01 the Charllles Act,
lo follow the procgduros laid down In the general Dlreclion8 given by the Charfly Comml881on lunder
88clion 1451511b} of the Charllles Act, and
lo slate whether partiGylar maller$ have como lo my allenlS0n.
Ba818 01 Ind8pond•nl examlner's 8talèmont
My examinalion was ¢arriÈd out in accordance with general Dlrecllons given by the Char51y Commi5slon.
An examinallon Includes a review ol the a￿D￿ntIng record8 kepl by the charlty and a comparison of Ihg
accounts pr85enled wSlh those fecords, 11 also includes consideration of any unusual blem$ or
dlselosures In the accounts, and ge¢king explanallons Ifom Ihe Irusle88 concarning any such mallers.
The procedure$ undertaken do not provide all the evidence that would be rOqUifed in an audil, and
consequenlly no oplnion is given as lo whelhèr the a¢counl8 pre8enl a'lru8 and falr, vkw and the report
is limllad lo th088 mallef6 $81 out In the 81atemenl bglow.
Indepondent examlner's stalgmont
In connecllon wllh my examlnollon, no m8ller has Comè lo my allènllon.,
1 . whlch gives me r¢880n8ble Cause lo bellavg that, In any matèrial respect. the requlr•menl8.'
lo keep aceounlSng records In accordance wllh section 130 of the Chartle8 A¢l',
1¢ prepare ac¢oun18 whlch a¢￿rd wllh th¢ ac¢ounllng r6¢ords ond oomply wllh the accounllng
requirements ol the Chartles Act have not been mèl., or
2 to whlch, In my opinl¢n, allenllon 8hould be drawn Sn order lo enabla a prop&r undor6tAnding of the
accounts lo be reached.
Balajl Accountsnls
Certified Publlc Ae¢ounlènls A8so¢lallon
431 Blackpool R08d
Presltsn
Lancashlre
PR2 2DU
27 Aprll 2023

BHATTAI TRUST {UKI
Income and Expendlture Account
for the year ended 31 Dgcember 2022
2022
2021
Property rlnt
Rent recelved 88 Peel Hall Street
Rent received 100 Peel Hall Street
Rent re¢elved 38 Vance Road
Agent fees
Insur8nce
Repairs and malnlenance
Lelllng Llcense
8,27S
5,100
2,900
24,960
12,7751
19291
18,8241
{400)
22.353
2.3801
1899)
111,193}
13,156
20,032
othor Incomg
Zakat
Member6hip fees
Ramadan lun¢J
Lillah
Sadkah
Other
232
405
39Q
77
82
640
420
320
620
2,636
Gross Income
14,322
22,667
Expen886 and donatlono
Teachers, salarles
Welfare and medlcal ald
Bhallal Hlgh School
Legal and professional ¢08ts
UK Education Grant
Other expenses
4,014
4,150
1.500
132
4,000
435
4,110
1,878
209
180
14,231
8,357
Not surplus for tho year
16,310

BHATTAI TRUST IUKI
Balance Sh8gt
a5 at 31 December 2022
2022
2021
Freghold propgrtlo8
38 Vance Road
88 Peel Hall Street
100 Peel Hall Slr¢el
201,869
6,559
2S,649
201,869
6,559
26.649
234,077
234.077
Current as8et8
Deblorslprepaymenlslolher Gurionl assets
Casl) al baiik and ii) Iiand
1,228
43,199
50,334
44,425
50,334
Curreni Ilabllltles
Loans
8,150
14,150
270,362
270,261
R¢pr•Jgntfjd by
Balance al stort of perlod
Nel surplus for the year
270,261
91
253,951
16,310
270 352
270,2e1
We Ipprov?
cc
nts and confirm that we have made avallable all Tel8vant re¢￿d$
rlLS
0910512023
l. A Ravat (Trusteel
27 April 2023