**Charity number: 243443** ## **Maharashtra Mandal London** ## **Unaudited** **Trustees' report and financial statements** **For the Year Ended 31 October 2022** ## **Maharashtra Mandal London** ## **Contents** ||Page| |---|---| |**Reference and administrative details of the Charity, its Trustees and advisers**|1| |**Trustees' report**|2 - 5| |**Independent examiner's report**|6| |**Statement of financial activities**|7| |**Balance sheet**|8| |**Notes to the financial statements**|9 - 18| **Maharashtra Mandal London** ## **Reference and administrative details of the Charity, its Trustees and advisers For the Year Ended 31 October 2022** **Trustees** Govind Shankar Kanegaonkar, Chairman (appointed 18 June 2022) Vaibhav Ramesh Khandge, Trustee (appointed 18 June 2022) Pradeep Vishwanath Mohile, Trustee (appointed 18 June 2022) Sushil Waman Gaikwad, Trustee (appointed 18 June 2022) Vasant P Ranade, Trustee (appointed 18 June 2022) **Charity registered number** 243443 **Principal office** 306 Dollis Hill Lane London NW2 6HH **Accountants** Mantax Lynton Chartered Accountants Suite 207 Equitable House 7 General Gordon Square London SE18 6FH Page 1 **Maharashtra Mandal London** ## **Trustees' report For the Year Ended 31 October 2022** The Trustees present their annual report together with the financial statements of the Maharashtra Mandal London for the 1 November 2021 to 31 October 2022. ## **Objectives and activities** ## **a. Policies and objectives** In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. ## **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 thatMaharashtrians 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 ## **b. Strategies for achieving objectives** 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 directors of Maharashtra Mandal UK Ltd, an incorporated charity with same charitable objective’s as Maharashtra Mandal London. ## **Achievements and performance** ## **a. Main achievements of the Charity** The Mandal was able to operate normally after Covid restrictions. Ganeshotsav was celebrated in the Mandal for the full 10 days event. The EC successfully managed this event efficiently coping with vast numbers of people. Diwali Dinner and dance was held in November 2021 and Gudhi Padwa and Dusshera was celebrated. The total donations generated including gift aid were £12,459. During the year, The Mandal decided to donate £31,000 to Maharashtra Mandal UK Ltd and the funds were transferred after the year end. Page 2 **Maharashtra Mandal London** ## **Trustees' report (continued) For the Year Ended 31 October 2022** ## **Achievements and performance (continued)** ## **b. Fundraising activities and income generation** Our Fundraising Trustee has been very active in the campaign for raising c£425,000 for the freehold purchase of Dollis Hill and activities continued throughout the year. Special efforts were made to meet visitors on one-to-one basis requesting to become members and donate for building fundraising. 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. Also the Executive Committee has worked closely with the Fundraising Trustee to co-ordinate fundraising activities and efforts. Senior Citizens Club (SCC) met every Wednesday. Various programmes such as singing, lectures on health and singing competitions were organised by SCC. Other events included a badminton tournament, cricket tournament, participation in High Commission of India events and an organ donation workshop also took place. ## **c. IT and Communication** Post balance sheet date, the Xero accounting software system has been implemented bringing MML’s finance system up to date. Plans are in hand to update the membership system, gift aid and website software. ## **Financial review** ## **a. Going concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. ## **b. Reserves policy** 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 to 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 considering ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. ## **c. Principal risks and uncertainties** 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 risk. Page 3 **Maharashtra Mandal London** **Trustees' report (continued) For the Year Ended 31 October 2022** ## **Structure, governance and management** ## **a. Constitution** Maharashtra Mandal London is a registered charity, number 243443, and is constituted under a Trust deed dated 9th February 1963. The constitution of the charity was amended and filed with the Charity Commission dated 16th March 2013. The organisational structure of the charity is divided into two parts i.e. Executive Committee (EC) and the Board of Trustees (BOT). The EC is responsible for the management and administration of the day to day running of the business of hte charity. The EC is led by the Presidnet together with a few members who are elected on a periodic basis. The BOT is responsible for overseeing the finances, investments and custody of Charity's Property. The BOT is led by a chairman and consists of minimum of four and maximum of six trustees duly appointed under the provisions of charity constitution. One of the trustees is appointed as Finance Trustee. In addition, the president of the EC acts as ex-officio voting member of the BOT. 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 cimmitment 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. Four current members of the Board of Trustees were invited to become the Trustees at the Annual General Meeting held on 18 June 2022 and the fifth Trustee at the Annual General Meeting held on 1 April 2023. All current trustees accepted the invitation to become trustee of the charity. None of the trustees have beneficail interest in the Charity. The trustees are also common trustees in the charitable company, Maharashtra Mandal UK Ltd (MMUKL), a limited by guarantee company, which has similar objectives as this charity. The EC members were elected at the Annual General Meeting held on 1 April 2023 All members of Maharashtra Mandal London are also members of MMUKL. ## **Volunteers** We would like to thank all our volunteers for their hard work and commitment throughout the year in the running of various activities and cultural programmes and look forward to their continuous support in the future. ## **90 Years** And finally, but not least, in October 2022 we celebrated our 90 years of successful functioning and many of our longest and most loyal members attended. They all enjoyed a program of special performances and recitals put on by artistes and performers at Maharashtra Bhavan. We have come a long way in that time and some of those members have been around for about half of that time! Jai Maharashtra Mandal London! ## **b. Financial risk management** The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. Page 4 **Maharashtra Mandal London** ## **Trustees' report (continued) For the Year Ended 31 October 2022** ## **Statement of Trustees' responsibilities** The Trustees 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). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles of the Charities SORP (FRS 102); - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards (FRS 102) 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 business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, 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. Approved by order of the members of the board of Trustees on 9 October 2023 and signed on their behalf by: Pradeep Mohile Finance Trustee Page 5 Maharashtra Mandal London Independen¢ examinevs report For Iho Year Ended 31 October 2022 Independent •xamin•rfs report to the Trt￿ of Maharashlra Mandal London Ilhe Chavw) I rep)rt to the eh•rty Tru8tea$ on my exanlnaticn of the accounts of the Charity for the eTrJed 31 Otttober 2022. Responsibilrties and basis of report As the Trustees of the Chavity you a￿ responslble for th8 weparalth of the accounts in aC￿dance ¥￿th the requirements of the Charllles Act 2011 rthe 2011 Acy). I report in respect of my examlnalh)n of the Charitvs atr￿unts Ixrrled out under seclon 145 of the 2011 A¢1 and in canyng out my examnat6on I have followed the aFplicable Directton8 glven by the Charity Commi3slon under 5eclNJn 145{51(b) of the 2011 Act. Indwjendgnl examlngrfs ststem•nt Y￿Jr attentson is drawn to the fact that the Charty has prepared the accijunts In accordance with A￿ntIng aTr Reportlng by CharSties: Stslement of Reo)mmended Practice appllcable to charities preparfng their accounts in acrudance ￿th the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102) in preferen￿ to the AcC(￿nItrO and Reportlng by Charoties." Statemènt of Re￿mmended Practice is8ued on 1 April 2WS which is referred to in the extant r8gulalion$ but ha$ t*en withdtawn. l Unde￿tand that thi8 has been ¢*Jne in order for the accounts to Fwwde a true and fair view in acL>ydance wllh the Generalty Aceepted AceA)untirKJ Practice effective for reporting period8 beginning on or after 1 January 2015. I have wmpl8led my examln8tion. I confirni that no matters have come to my attentDn in ccmnection wKh the exanNnatKJn givlng me cause to bellev8 that in any material respect: accounti￿ re￿rdS were not kept In respect of the Charlty 88 requlred by sedion 130 of the 2011 AL*., or the accounts do rnt ac￿)rd wth those rec¢xd8', or the accounts do not wtywly vAth the applicable requirements ¢orKemlng the form and content of accounts sel out In the Chartties (A¢¢**Income from:**
Donations and legacies
3
Charitable activities
4
Investments
5
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2022**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**4,012**
**-**
**4,012**|**Unrestricted**
**funds**
**2022**
**£**
**52,926**
**15,836**
**1,662**
**70,424**
**41,352**
**41,352**
**29,072**
**185,050**
**29,072**
**214,122**|**Total**
**funds**
**2022**
**£**
**52,926**
**15,836**
**1,662**
**70,424**
**41,352**
**41,352**
**29,072**
**189,062**
**29,072**
**218,134**|_Total_
_funds_
_2021_
_£_
_141,848_
_3,401_
_287_| |---|---|---|---|---| |||||_145,536_| |||||_109,333_| |||||_109,333_| |||||_36,203_| |||||_152,859_
_36,203_| |||||_189,062_| The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 9 to 18 form part of these financial statements. Page 7 **Maharashtra Mandal London** ## **Balance sheet As at 31 October 2022** |**Note**
**Fixed assets**
**Current assets**
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due within one
year
10
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
11
Unrestricted funds
11
**Total funds**|**5,867**
**245,492**
**251,359**
**(33,225)**|**2022**
**£**
**-**
**218,134**
**218,134**
**218,134**
**218,134**
**4,012**
**214,122**
**218,134**|_280_
_191,239_
_191,519_
_(2,457)_|_2021_
_£_| |---|---|---|---|---| |||||_-_
_189,062_| |||||_189,062_| |||||_189,062_| |||||| |||||_189,062_| |||||_4,012_
_185,050_| |||||| |||||_189,062_| The financial statements were approved and authorised for issue by the Trustees on 09 October 2023 and signed on their behalf by: Pradeep Mohile Finance Trustee The notes on pages 9 to 18 form part of these financial statements. Page 8 **Maharashtra Mandal London** ## **Notes to the financial statements For the Year Ended 31 October 2022** ## **1. General information** Maharashtra Mandal London is a Charity registered with the Charity Commission. The registered office is 306 Dollis Hill Lane, London, NW2 6HH. The charity meets the definition of a public benefit entity under FRS 102. ## **2. Accounting policies** ## **2.1 Basis of preparation of financial statements** The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair' view and 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 Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Maharashtra Mandal London meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. ## **2.2 Income** All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. ## **2.3 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. Page 9 **Maharashtra Mandal London** ## **Notes to the financial statements For the Year Ended 31 October 2022** ## **2. Accounting policies (continued)** ## **2.4 Debtors** Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **2.5 Cash at bank and in hand** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **2.6 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. ## **2.7 Financial instruments** The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **2.8 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Page 10 **Maharashtra Mandal London** ## **Notes to the financial statements For the Year Ended 31 October 2022** ## **3. Income from donations and legacies** |**Unrestricted**
**funds**
**2022**
**£**
**Donations**
Sponsorship
4,850
Ganesh Festival Donations
15,690
General Donations
3,814
Building Fund Donations
8,952
Membership Fees
3,559
Gift aid received
12,459
**Subtotal detailed disclosure**
49,324
Donations
3,602
**Subtotal**
3,602
**Total 2022**
52,926
_Unrestricted_
_funds_
_2021_
_£_
**Donations**
Maharashtra Covid fund
_88,278_
Ganesh Festival Donations
_19,448_
General Donations
_2,303_
Building Fund Donations
_25,427_
Membership Fees
_3,390_
Gift aid received
_3,002_
**Subtotal detailed disclosure**
_141,848_
_Total 2021_
_141,848_|**Total**
**funds**
**2022**
**£**
**4,850**
**15,690**
**3,814**
**8,952**
**3,559**
**12,459**| |---|---| ||**49,324**| ||**3,602**| ||**3,602**| ||| ||**52,926**| ||_Total_
_funds_
_2021_
_£_
_88,278_
_19,448_
_2,303_
_25,427_
_3,390_
_3,002_| ||_141,848_| ||| ||_141,848_| Page 11 **Maharashtra Mandal London** ## **Notes to the financial statements For the Year Ended 31 October 2022** ## **4. Income from charitable activities** |**Unrestricted**
**funds**
**2022**
**£**
Sponsorship income
4,850
Event related activities
10,986
15,836
_Unrestricted_
_funds_
_2021_
_£_
Advertisement income
_482_
Event related activities
_2,919_
_3,401_|**Total**
**funds**
**2022**
**£**
**4,850**
**10,986**| |---|---| ||**15,836**| ||_Total_
_funds_
_2021_
_£_
_482_
_2,919_| ||_3,401_| ## **5. Investment income** |**Unrestricted**
**funds**
**2022**
**£**
Interest
1,662
_Restricted_
_funds_
_2021_
_Unrestricted_
_funds_
_2021_
_£_
_£_
Interest
_1_
_286_|**Total**
**funds**
**2022**
**£**
**1,662**| |---|---| ||_Total_
_funds_
_2021_
_£_
_287_| Page 12 ## **Maharashtra Mandal London** ## **Notes to the financial statements For the Year Ended 31 October 2022** ## **6. Analysis of expenditure by activities** |Chartitable Activities
Charitable Activities
**Analysis of direct costs**
Donations to Maharashtra Mandal UK Ltd
Event related activities
Donations to Maharashtra Mandal UK Ltd
Donations to Maharashtra COVID Fund
Event related expenses
Ganesh Festival Expenses|**Activities**
**undertaken**
**directly**
**2022**
**£**
39,277
_Activities_
_undertaken_
_directly_
_2021_
_£_
_104,432_|**Support**
**costs**
**2022**
**£**
2,075
_Support_
_costs_
_2021_
_£_
_4,901_
**Activities**
**2022**
**£**
31,000
8,277
39,277
_Activities_
_2021_
_£_
_88,278_
_5,000_
_2,790_
_8,364_
_104,432_|**Total**
**funds**
**2022**
**£**
**41,352**| |---|---|---|---| ||||_Total_
_funds_
_2021_
_£_
_109,333_| ||||**Total**
**funds**
**2022**
**£**
**31,000**
**8,277**| ||||**39,277**| ||||_Total_
_funds_
_2021_
_£_
_88,278_
_5,000_
_2,790_
_8,364_| ||||_104,432_| Page 13 **Maharashtra Mandal London** ## **Notes to the financial statements For the Year Ended 31 October 2022** ## **6. Analysis of expenditure by activities (continued)** ## **Analysis of support costs** |Bank charges
Advertising
General Office Expenses
Computer Costs
Printing, Postage and Stationery
Governance cost- Accountancy
**Total 2022**|**Activities**
**2022**
**£**
184
35
387
90
179
1,200
2,075|**Total**
**funds**
**2022**
**£**
**184**
**35**
**387**
**90**
**179**
**1,200**| |---|---|---| |||**2,075**| |Bank charges
Advertising
Intern Re Strategy Project
AGM expenses
Subscriptions
FAcilitations
Governance- Accountancy|_Activities_
_2021_
_£_
_1,336_
_250_
_1,010_
_1,350_
_35_
_170_
_750_
_4,901_|_Total_
_funds_
_2021_
_£_
_1,336_
_250_
_1,010_
_1,350_
_35_
_170_
_750_| |---|---|---| |||_4,901_| ## **7. Independent examiner's remuneration** The independent examiner's remuneration amounts to an independent examiner fee of £1,200 ( _2021_ - _£750_ ). ## **8. Trustees' remuneration and expenses** During the year, no Trustees received any remuneration or other benefits _(2021 - £NIL)_ . During the year ended 31 October 2022, no Trustee expenses have been incurred _(2021 - £NIL)_ . Page 14 **Maharashtra Mandal London** ## **Notes to the financial statements For the Year Ended 31 October 2022** ## **9. Debtors** |**Due within one year**
Other debtors
Prepayments and accrued income|**2022**
**£**
**4,639**
**1,228**
**5,867**|_2021_
_£_
_280_
_-_| |---|---|---| |||| |||_280_| ## **10. Creditors: Amounts falling due within one year** |Accruals and deferred income
Donations accrued|**2022**
**£**
**2,225**
**31,000**
**33,225**|_2021_
_£_
_2,457_
_-_| |---|---|---| |||| |||_2,457_| Page 15 **Maharashtra Mandal London** ## **Notes to the financial statements For the Year Ended 31 October 2022** ## **11. Statement of funds** |**Statement of funds - current year**
**Unrestricted funds**
General Funds - all funds
**Restricted funds**
Restricted Funds - all funds
**Total of funds**|**Balance at 1**
**November**
**2021**
**£**
**185,050**
**4,012**
**189,062**|**Income**
**£**
**70,424**
**-**
**70,424**|**Expenditure**
**£**
**(41,352)**
**-**
**(41,352)**|**Balance at**
**31 October**
**2022**
**£**
**214,122**| |---|---|---|---|---| |||||**4,012**| |||||**218,134**| Page 16 **Maharashtra Mandal London** ## **Notes to the financial statements For the Year Ended 31 October 2022** ## **11. Statement of funds (continued)** ## **Statement of funds - prior year** |**Unrestricted funds**
General Funds - all funds
**Restricted funds**
Restricted Funds - all funds
**Total of funds**
**Summary of funds**
**Summary of funds - current year**
General funds
Restricted funds
**Summary of funds - prior year**
General funds
Restricted funds|_Balance at_
_1 November_
_2020_
_£_
_148,848_
_4,011_
_152,859_
**Balance at 1**
**November**
**2021**
**£**
**185,050**
**4,012**
**189,062**
_Balance at_
_1 November_
_2020_
_£_
_148,848_
_4,011_
_152,859_|_Income_
_£_
_145,535_
_1_
_145,536_
**Income**
**£**
**70,424**
**-**
**70,424**
_Income_
_£_
_145,535_
_1_
_145,536_|_Expenditure_
_£_
_(109,333)_
_-_
_(109,333)_
**Expenditure**
**£**
**(41,352)**
**-**
**(41,352)**
_Expenditure_
_£_
_(109,333)_
_-_
_(109,333)_|_Balance at_
_31 October_
_2021_
_£_
_185,050_| |---|---|---|---|---| |||||_4,012_| |||||_189,062_| |||||**Balance at**
**31 October**
**2022**
**£**
**214,122**
**4,012**| |||||**218,134**| |||||_Balance at_
_31 October_
_2021_
_£_
_185,050_
_4,012_| |||||_189,062_| ## **12. Summary of funds Summary of funds - current year** Page 17 **Maharashtra Mandal London** ## **Notes to the financial statements For the Year Ended 31 October 2022** ## **13. Analysis of net assets between funds** ## **Analysis of net assets between funds - current year** |Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**2022**
**Unrestricted**
**funds**
**2022**
**£**
**£**
4,012
247,347
-
(33,225)
4,012
214,122|**Total**
**funds**
**2022**
**£**
**251,359**
**(33,225)**
**218,134**| |---|---|---| ## **Analysis of net assets between funds - prior year** |Current assets
Creditors due within one year
**Total**|_Restricted_
_funds_
_2021_
_£_
_4,012_
_-_
_4,012_|_Unrestricted_
_funds_
_2021_
_£_
_187,507_
_(2,457)_
_185,050_|_Total_
_funds_
_2021_
_£_
_191,519_
_(2,457)_
_189,062_| |---|---|---|---| Page 18