2021-10-31-accounts

Charity Registration Number 243443

MAHARASHTRA MANDAL LONDON

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021

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MAHARASHTRA MANDAL LONDON

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Rajeev Subhedar Nina Joshi Prerena Phadnis Manik Bapat Anand Gadre Charity Number 243443 Principle Address 306 Dollis Hill Lane London NW2 6HH Independent Examiner Haines Watts London LLP New Derwent House 69 – 73 Theobalds Road London WC1X 8TA

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MAHARASHTRA MANDAL LONDON

CONTENTS

	Page
Trustees Report	4-6
Statement of trustee’s responsibilities	7
Independent examiners report	8
Statement of financial activities	9
Balance sheet	10
Notes to the financial Statements	11-19
Other Reports	20-23

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MAHARASHTRA MANDAL LONDON

TRUSTEE’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 Charities Act 2011 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)

Objectives and activities

The Charity objects are:

To advance education in Marathi culture, language, music, dance and art amongst Marathi speaking people their spouses and descendants (hereinafter referred to as Maharashtrians) in the United Kingdom through the provision of a centre, library, exhibitions, displays and other facilities and activities.

To advance religion amongst Maharashtrians.

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 United Kingdom a fulfilling journey. Such activities may not 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 without being prejudicial to Maharashtrian or Marathi culture.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The trustees of the charity are also common trustees of Maharashtra Mandal UK Ltd, an incorporated charity with same charitable objective’s as Maharashtra Mandal London.

Achievements and performance

COVID-19 Pandemic lockdown continued to affect the organizing cultural events and activities at the Mandal Hall. Ganeshotsav was celebrated in the Mandal for the full 10 days event. EC successfully managed this event efficiently coping with the challenges. Diwali Dinner and dance was held in November 2020 and Gudhi Padwa and Dusshera was celebrated online. A Marathi language course was organised online and received enthusiastic response.Mandal donated £5,000 to Maharashtra Covid Fund. The total donations generated including gift aid for the Maharashtra Covid fund were £88,278. These were donated to Maharashtra Mandal UK Ltd and disbursed to the needy hospitals by supplying the equipment sourced in the UK and in India. Senior Citizens Club (SCC) met on Zoom every Wednesday during the Covid pandemic. Various programmes such as singing, lectures on health singing competitions were organised by SCC. Dhol beats activities were hampered due to Covid restriction.

Fund raising :

Activities continued throughout the year. A campaign began to raise circa £425,000 for the purchase of the Freehold from Diocese of London. The total giving online funding platform was launched and letters sent to members for fundraising. Special efforts were made to meet visitors on one-to-one basis requesting to become members and donate for building fundraising. At the same time looping slides and banners were prepared for the appeal. Donation appeals have been prepared and sent to members and given to non-members too. Telephone calls were made and what's app messages and emails were sent to members. The fundraising raising committee was formed and have been chaired on a fortnightly basis. The members of fundraising committee came up with projects for fundraising. They were supported along with the Executive Committee. Also there have been continuous efforts to support the new EC and launch fundraising activities with them. At the same time a fundraising consultancy service was engaged to support fundraising efforts.

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MAHARASHTRA MANDAL LONDON TRUSTEE’S REPORT

FOR THE YEAR ENDED 31 OCTOBER 2021

Besides fundraising other work carried out includes actively working to assist the MML Strategic Review and as a BOT representative on the entertainment and social impact subgroups. Health and Safety procedures, Safe Guarding and Customer Care protocols/procedures have been drafted and passed on to the Governance subgroup. Information giving presentation done on the Occupational Therapy and services available from the NHS and Local Authority to the members of SCC. The disability access report was submitted to the BOT regarding Mandal’s building has been submitted to BOT. As a trustee carried out practical tasks together with other trustees to monitor CCTV, respond to emergency calls from security services.

IT and Communication:

mmlondon.co.uk has been successfully added to Google work space and all email addresses of the Mandal now have @mmlondon.co.uk as a domain suffix. Mandal also signed up with Totalgiving.com (via Donation Manager) which is a free online donation management service. Mandal gets charged only by the card processing agencies. We have managed to earn online donations for Covid funds to the tune of £88K and for Freehold fund £35K at the time of this report.

Strategy Review project:

Following the survey carried out of members of Maharashtra Mandal London, a sample of Marathi organisations in the UK, Europe and USA, a summary of recommendations was presented at the AGM held on 24 the June 2021Six main themes emerged guiding us to work on areas that members had suggested through the survey. For the implementation of the themes, 24 volunteers from the membership joined various sub-groups. The subgroups and their initial ideas for events and activities are as follows:

1. Entertainment - MML Recreation and Sports Club, MML Cultural Club (Kala Mandir), MML Social Cafe (gymkhana)

2. Learning and Knowledge - Launch Marathi language classes, Gappa goshti (with health professionals), Maharashtrian cultural awareness

3. Networking - Social media, Business Networking, Professionals & Working People, Liaison with Groups & including Social Networking, UK Induction for students and other Maharashtrians new to the UK

4. Social Impact - Identify the social causes to support, define aspiration, Define, measure, and communicate social impact, Fund raising to support social impact causes

5. Governance - Identified 7 themes, group is developing proposals for each of these and will present to the general body at a later point in time

6. Youth Engagement - Cooking sports and music competition (prizes and outside sponsorships by Mandal, database for 18–25-year-olds, young Maharashtrian work placement with OMPEG, career fairs, social media revamp with consistent brand guidelines

Progress to date by sub-groups

The above groups each have a facilitator, and all have made some progress in their respective areas. The proposals which depended heavily on the use of the hall and large gatherings, have had to be put on hold due to Covid restrictions. The governance group is in a position to put forward proposals/recommendations as a result of regular online meetings and good engagement from the members of the sub-group. Marathi classes for children were successful initiated by the Executive committee. Pilots were also carried out for smaller groups of children under 10 who were complete beginners. Some interviews with health professionals for the benefit of our members were also carried out.

Update on Hall hire activities

The restrictions of Covid have impacted on the hire of our hall where large social gatherings are involved. We have however been able to retain our regular renters who were not impacted adversely by Government restrictions, due to the nature of activity (religious and educational). The income generated by hall hire for the period up to October 2021 was £23K (2020 – £16K) We have slowly started receiving enquiries for ad-hoc hall hire for celebrations such as birthdays and weddings from our website via completion of the online hall-hire forms

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MAHARASHTRA MANDAL LONDON TRUSTEE'S REPORT FOR THE YEAR ENDED 31 OCTOBER 2021 intrT)UuLtrIJ. Thls %xn be stepped 9oin9 forward through KKO-activ8 alfve￿¥lng of our hall as the Covid restrictions lift. Financial r¢¥iew The results for th6 yoef aro set out In 8ccI)mp8nying financi81 gtstÉtm&nts. It is th8 Oicy of thè charty that unr8Strict&d funds which hav9 not been designated lor a spocific use should be maintained at a level equivalent to be￿en three tr) six month's expenditure. The tru51ee5 Guiisid8r Uiat reseEves at this level will ensur8 that in the event ol a signffj¢8nt drop in funding, they wll bè able to continue the charity's ¢urrcnt octivitics while Considering ways in whsch additiongt fijnds may be raised. This1gv&I of roservAq IJ>An maIntain￿ thrwghoth thè yèar. The trustees have ass9S5ed the major risks to wh￿h ihe thanty is exsx)s8d and ale salsfi&1 that systws ate in pla￿ lo milige exrKJsure to the major ￿Sk. Structure. governance, and managemont The tharily wo¥ trbiabllshed by a Ghalltabltr trust deed dated 9" Fébruary 1983. The constitution of the charity was amended and filed with the Charity Comrnission dated 16° March 2013. The organisational structure of charity is into kn parts 1.8. Ex8cu*iv• Committ88 IECI and h8 Board ofTrusto8s IBOTI The EC is responsible for the management and administration of the day to day running of the business of the harity. The EC Is led by the Pr8si(Jent together ￿1h o If)w members who artr élécted on a periodiG basis. The BOT are reg)onsible for oversÈeing the finances. inv&8tmants, and custody oftha CharSty's prop8rty- The BOT i$18d by a chairman and consists ol minimum ol four and mÈximum of six trust9&8 duly apFx)intsd undèr th provisions of charity constitution. One of the INstees is appointed as Finance Trustee. In addition, the p￿￿￿eThI of the EC acts as ex-offiao voing member of the BOT. A Nomination ￿mmIttee is appointed who are reswnsible lo scout for the appropriate tjustee candidates and after interviewin9 thern and dependlng on their qu8lthcations, experiencè and commitrnent invrte them lo join the board of trustees. After the incumb8nt has accepted the inmtatlon the nomination committee then recommend them to the Ggnaral Body for their approval th trustee appointment in the members Annual General Meetiiig. Current members of tho Board ol Trustees w&r8 Invited to beco￿ thè truste8s al the Annual General meeb.ng held on 30th March 2019. All Current trustees accepted the invitAtion to become trust•¢ of the charity. Non8 of th8 trustees have beneficial interest in the Charity. The trLtstees are also common trustees in the charitable company Maharashtra Mandal UK LTD IMMUKLI limite(J by guarantee which bas similar oblectlves 88 this charty. The EC rTrembèrs We￿ elecl&Y at the Annual G8neral MeetiTB hèld on 30th March 2019 I membews of the Maharashtia Mandal Lundoi) are also membors of M8harashtra Mandal UK LTD. Public benefit The trustees havo ¢omplied with their duty Sn sectlon 17 01 the Ch8rities Act 2011 lo have due ￿93rd to ihe guidanco published by the Charity COMMI￿On. Volunteers We would like lo thank all ourvolunleers for their hard work 8nd commitment throughout the year in th8 running rjf various activities and cuknral programmes and look forward to their cOntin￿U$ support in the fijture. The trustee's report was approved by the Board of Trustees. Mr Anand Gadre Financ8 Trustee Dat8d.. 2 1. 1. 2ozL-

MAHARASHTRA MANDAL LONDON

STATEMENT OF TRUSTEE’S RESPONSIBILITIES

FOR THE YEAR ENDED 31 OCTOBER 2021

The trustees are responsible for preparing the Trustee’s Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (Generally Accepted Accounting Practice)

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the affairs of the charity and of the incoming resources and application of resources of the charity 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 accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.

-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 proper accounting records that disclose at any time the financial position of the charity with reasonable accuracy and enable them to ensure that the financial statements comply with the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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MAHARASHTRA MANDAL LONDON INDEPENDENT EXAMINER'S RepoRT TO THE TRusfEES OF IAAHARASHTrA MANDAL LONIXIN I reportto the tru8t8es on my ofllfjrt•Ki4 slatemertsofMahara6htra Mandal L￿￿Ort Ithe tharityl for th8 year Ènded 31 Octcter2021. Re8ponsibilitw and ba816 ofth? Fwrt As the trustees of tt thanty. yw S￿ le$p¢)￿l)[8fOrthopTrpar8l￿jn cllhe fmancial stsment8 in acc)rtlantè wth ￿ r8quir8rnents otthecharitw kt 2011llhe 2011 I rèwrt in r8SFeCt of rTry exam￿atiC￿ of Ih? thaIrt￿$ frnan£4al statnents (r￿d out uTKlersecbDn 145 of Ihe 2011 ACL In c4rying Qut my examinalK•n l N4ve fi)Utrd al th8 ap￿t￿b￿ Dwechth￿ 9Nen by thè Charty Commi$sKJn uThJer section 145(51(bl 2011 I ha tarried out my 8xamwiatK)n. I c£ffifirn that ro) matters have ccffje io my att8fitic￿ in wnnecbon wilh Ih8 exarninabon gNirwJ me cause to Ihat ￿ any resFrt a0>)Un￿"rIJ recoth re Th)t kept in re¥￿0fthe£￿a¢ity as by 88ction 130 Dftt 2011 Attor th8 finanosl statonrdS do r￿)t￿cThd Ihc6e records.. or thè fin8rKial slaterrnts do Th)tthmpFy WFth thÈ 4)plicabl8 reqUI￿ents concarniro thfy form and c¢)ntsnt of aco)unts set out in Ihe CharE5 lknunts and R8tw)rtsl Regu￿1￿)1￿ 2008 othorthan arty requirement knal ihe ac(xxJAts gThe a and f8irv1ew￿￿ is not matter ctin8Jer8d 8s part of an Inde[w￿ent￿XaMinatiOn. I havg no C¢MKms and ha <x)mè auc68 noothermatters ilh ￿ e￿nation b which altention should ￿ drawn in Ihts reF￿rtin orrterto 8nable a prDFwuE¥rsI￿ry ofthe ￿0￿181S12￿8nI8 to bo reached. Jané Wlls MA FCA I￿ndantexaMir￿r Haints Wats London LLP New De[￿t HL 69- 73 Theobalds Road L<KthI WC1X 8TA

MAHARASHTRA MANDAL LONDON

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31ST October 2021

		Unrestricted	Restricted	Total	Total
		funds	funds
		2021	2021	2021	2020
	Notes
Income from:
Donations and legacies	3	141,848	0	141,848	20,428
Income from charitable
activities	4	3,401	0	3,401	6,079
Investments	5	286	1	287	32
		----------------------------------------------------------------------------------
Total Income		145,535	1	145,536	26,539
		----------------------------------------------------------------------------------
Expenditure on:
Charitable activities cost	6	109,333	0	109,333	10,989
		----------------------------------------------------------------------------------
Net (expenditure)/Income for the year/
Net movement in funds		36,202	1	36,203	15,550
Fund balances as at 1st November 2020		148,848	4,011	152,859	137,309
		----------------------------------------------------------------------------------
Fund balances as at 31st October 2021		185,050	4,012	189,062	152,859
		===============================================

The statement of financial activities includes all gains and losses recognised in the year

All income and expenditure derive from continuing activities

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MAHARASHTRA MANDAL LONDON BALANCE SHEET AS AT 31 OCTOBER 2021 2021 2021 2020 2020 Current Assèts Debtor5 10 5SO Cash at bank aThY in hand 191.239 154,438 191,519 154,988 cr8d1t0￿. amounts tdlllng dugwlthln one year 2.457 2,129 Nel current 189.062 152,859 Total aw¢s 1¢$$ ¢urr8nt Ilabllttle8 189.C62 152,859 Incomo fund8 R&8tricted funds 12 4,012 4,011 Unrestrirted funds General and Designated 185,050 148,848 189,062 152,859 The financial Statements were approved by the board of trustees and authorised for issue on 2110212022 and were signed on its behalf by Anand Gadre Finance Tru5teE io

MAHARASHTRA MANDAL LONDON

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] OCTOBER 2021

1 Accounting Policies

Charity Information

Maharashtra Mandal, London 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 government document, the Charities Act 2011 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 is a Public Benefit Entity as defined by FRS 102 The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice, which is referred to in the Regulations, but which has since been withdrawn.

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 are 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 their 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 to 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.

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 the Gift Aid or deeds of covenant is recognised on. Receipt.

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. Membership income is recognised upon receipt.

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MAHARASHTRA MANDAL LONDON

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] OCTOBER 2021

1.5 Resources expended

All Expenditure is accounted for on an accrual basis. All expenses, including support costs and governance costs, are allocated to the charitable activity in the statement of financial activities.

Governance costs comprise all costs involving the public accountability of charity and its compliance with regulation and good practice.

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 basis

Fixtures and fittings 33.33% per annum on a straight-line basis

The gain or loss on disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the 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 whether 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 short-term 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.

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 costs 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 are classified as receivable within one year are not amortised

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MAHARASHTRA MANDAL LONDON

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] OCTOBER 2021

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 if interest, Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised costs, using the effective interest rate method.

Trade creditors are obligations to pay for goods and 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 noncurrent liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised costs using the effective interest method.

Derecognition of financial liabilities

Financial Liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

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 experiences and other factors that relevant. Actual results may differ from these estimates. The estimates and assumptions are reviewed on 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 Donations and legacies

Donations and legacies
	Unrestricted	Unrestricted
	funds	funds
	2021	2020
	£	£
Maharashtra Covid Fund	88,278	-
Ganesh Festival Donations	19,448	10,039
General Donations	2,303	1,242
Building Fund Donations	25,427	2,154
Membership Fees	3,390	1,135
Gift aid received	3,002	5,868
	------------	------------
	141,848	20,428
	======	=======

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MAHARASHTRA MANDAL LONDON

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] OCTOBER 2021

4	Income from charitable activities
		Unrestricted Unrestricted
		Funds	Funds
		2021	2020
		£	£
	Sponsorships income	-	2,236
	Event related activities	2,919	2,873
	Advertisement income	482	925
	Ganesh festival other income	-	45
		--------- --------
		3,401	6,079
		=====	======

5		Investment Income
			Unrestricted	Restricted Total		Total
			Funds	Funds	Funds	Funds
			2021	2021	2021	2020
		Bank Interest	286	1	287	32
			===	==	===	==
	6	Charitable activities costs
		Unrestricted Funds
					2021	2020
					£	£
		Event related activities			2,790	2,254
		Ganesh Festival Expenses			8,364	4,470
		Donation to Maharashtra Covid Find			5,000	-
		Donations to Maharashtra Mandal UK Ltd			88,278	-
		Donations to Seva Trust			-	1,100
					------------	----------
					104,432	7,824
		Share of support and Governance Costs (see note 7)			4,901	2,165
					------------	---------
					109,333	9,989
					======	======
		Restricted Funds
		Donation to Seva Trust			-	1,000
					======	======
		Total Charitable activities costs			109,333	10,989
					=====	====

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MAHARASHTRA MANDAL LONDON

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] OCTOBER 2021

7 Support and Governance Costs

Unrestricted Funds

	2021	2020
Support Costs	£	£
Depreciation	-	140
Printing, postage and stationery	-	375
Advertising Building Fund Appeal	250	-
Bank Charges	1,336	790
Intern Re Strategy Project	1,010	400
AGM Expenses	1,350	-
Subscriptions	35	-
Facilitations	170	-
Sundry Expenses	-	(190)
Governance Cost
Accountancy	750	650
	-----------	----------
	4,901	2,165
	======	======

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year

9 Employees

There were no employees during the year

10 Debtors

		2021	2020
	Amounts falling due within one year	£	£
	Other Debtors	280	550
		====	====
11	Creditors
		2021	2020
	Amounts falling due within one year	£	£
	Accruals	2,457	2,129
		======	=====

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MAHARASHTRA MANDAL LONDON

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] OCTOBER 2021

12 Restricted Funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes.

		Movement
		in Funds
	Balance	Incoming	Balance
	At 01.11.2020 Resources At 31.10.2021
Anuj Bidwe Memorial Fund	4,011	1	4,012
	=====	=======	=====
Net Movement in Funds included in above are as follows.
	Incoming	Resources	Movement
	resources expended		in Funds
Anuj Bidwe Memorial Fund	1	-	1
	======	======	=====
Comparatives for movement in funds
		Movement
		in Funds
	Balance	Incoming	Balance
	At 01.11.2019 Resources At 31.10.2020
Anuj Bidwe Memorial Fund	5,009	(998}	4,011
	=====	=======	=====
Net Movement in Funds included in above are as follows.
	Incoming	Resources	Movement
	resources expended		in Funds
Restricted Funds
Anuj Bidwe Memorial Fund	2	(1,000)	(998)
	======	======	=====
**Current Year 12 months and prior year12 months combined position are as follows. **
	Balance	Net Movement	Balance
	At 01.11.2019 In Funds		At 31.10.2021
Anuj Bidwe Memorial Fund	5,009	(997)	4,012
	======	======	=====
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
Anuj Bidwe Memorial Fund	3	(1,000)	997
	======	======	=======

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NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] OCTOBER 2021

MAHARASHTRA MANDAL LONDON

13 Unrestricted Funds

	Balance	Net Movement	Balance
	At 01.11.2020	in Funds At 31.10.2021
Total General and Designated Funds	148,848	36,202	185,050
	======	=======	=======
Net Movement in Funds included in above are as follows.
	Incoming	Resources	Movement
	resources	expended	in Funds
Total General and Designated Funds	145,535	(109,333)	36,202
	======	========	=======
Comparatives for movement in funds
	Balance	Net Movement	Balance
	At 01.11.2019	In Funds At 31.10.2020
Total General and Designated Funds	132,300	16,548	148,848
	======	====== =======
Comparative Net Movement in Funds included in above are as follows.
	Incoming	Resources	Movement
	resources	expended	in Funds
Unrestricted Funds
Total General and Designated Funds	26,537	(9,989)	16,548
	======	======	=======
A Current Year 12 months and prior year12 months combined	position are as	**follows. **
	Balance	Net Movement	Balance
	At 01.11.2019	In Funds At 31.10.2021
Unrestricted Funds
Total General and Designated Funds	132,300	52,750	185,050
	======	====== =======
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
General and Designated Funds	172,0722	(119,322)	52,750
	======	======	=======

17

MAHARASHTRA MANDAL LONDON

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] OCTOBER 2021

14 Comparatives for the Statement of financial activities

		Unrestricted	Restricted	Total
		Funds	Funds	Funds
	Income
	Donations and Legacies	20,428	-	20,428
	Income from Charitable Activities	6,079	-	6,079
	Investments	30	2	32
		-----------	--------	-----------
		26,537	2	26,539
	Expenditure on Charitable Activities	(9,989)	(1,000)	(10,989)
		-----------	--------	-----------
	Net Income (Expenditure)	16,548	(998)	15,550
	Funds Brought Forward	132,300	5,009	137,309
		------------	---------	-----------
	Funds Carried Forward	148,848	4,011	152,859
		=======	=====	=======
16	Analysis of net assets between funds
		Unrestricted Restricted	Total	Total
		Funds Funds	Funds	Funds
		2021 2021	2021	2020
	Current Assets	187,507 4,012	191,519	154,988
	Current Liabilities	(2,457) -	(2,457)	(2,129)
		------------ --------	-------------	------------
		185,050 4,012	189,062	152,859
		======= =====	========	=======

18

MAHARASHTRA MANDAL LONDON

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] OCTOBER 2021

17 Related Party Transactions

The trustees of the charity are also common trustees of Maharashtra Mandal UK Limited (MMUKL) an incorporated charity with same charitable objectives as Maharashtra Mandal London

During the year a sum of £88,278 for Maharashtra Covid Fund (2020 - £NIL) was paid as a donation to Maharashtra Mandal UK Limited (MMUKL)

Under the new SORP effective 2019 unrestricted donations made by the trustees need to be reported as related party transactions consequently the donations received from the trustees during the year were £6,228 (2020 - £2,991)

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	Maharashtra Mandal London	Maharashtra Mandal London	Maharashtra Mandal London
	Event Income and Expenses for theyear to 31/10/2021
	Total	Diwali D&D 2020	Gudhi Padva	Marathi Course	Ganeshotsav	Dushara
	£	£	£	£	£	£
Donations	20,816.73	1,169.00	200.00		19,447.73
Fees	1,000.00			1,000.00
Advertising	375.00	375.00
Sponsorship	175.00		75.00			100.00
Inflows	22,366.73	1,544.00	275.00	1,000.00	19,447.73	100.00
Fees	670.00			670.00
Catering	4,105.34	45.00			4,060.34
Cleaningand Kitchen Help	997.50				997.50
Photographer	250.00	250.00
Decorations	621.15	76.16			544.99
Natak(Play)You Tube	265.00		265.00
Donationspaid	1,350.00	1,350.00
Visarjan	51.00				51.00
Marquee	2,150.00				2,150.00
Artists	463.00				463.00
Facesheilds/Masks	41.54				41.54
Facilitations	45.24				45.24
Copying	10.00				10.00
Lecture on Youtube	100.00					100.00
Paypal Charges	33.95	13.52	1.63	18.80
Outflows	11,153.72	1,734.68	266.63	688.80	8,363.61	100.00
Net	11,213.01	190.68 -	8.37	311.20	11,084.12	-

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