Charity number: 243443
Maharashtra Mandal London
Unaudited
Trustees' report and financial statements
For the Year Ended 31 October 2025
Maharashtra Mandal London
Contents
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 7 |
| Independent examiner's report | 8 |
| Statement of financial activities | 9 |
| Balance sheet | 10 |
| Notes to the financial statements | 11 - 21 |
Maharashtra Mandal London
Reference and administrative details of the Charity, its Trustees and advisers For the Year Ended 31 October 2025
Trustees
Sushil Waman Gaikwad, Chairman Govind Shankar Kanegaonkar, Trustee Vaibhav Ramesh Khandge, Trustee Vasant P Ranade, Finance Trustee
Charity registered number
243443
Principal office
306 Dollis Hill Lane, London, NW2 6HH
Accountants
Mantax Lynton, Suite 207 Equitable House, 7 General Gordon Square, London, SE18 6FH
Page 1
Maharashtra Mandal London
Trustees' report For the Year Ended 31 October 2025
The trustees present their report and financial statements for the year ended 31 October 2025.
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
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 titled ‘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.
-
advance religion amongst Maharashtrians.
-
preserve and protect good health and to relieve sickness and poverty amongst Maharashtrians.
-
do all such activities that will help Maharashtrians to integrate with British culture and society so that Maharashtrians are benefited by the best of both cultures and make their living in the United Kingdom a fulfilling experience.
Such activities may not be traditional Maharashtrian but in the spirit of aforesaid objects 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 trustees of Maharashtra Mandal UK Ltd, an incorporated charity with same charitable objectives as Maharashtra Mandal London.
Page 2
Maharashtra Mandal London
Trustees' report (continued) For the Year Ended 31 October 2025
Achievements and Performance
a. Main achievements of the Charity
Diwali, Badminton & Cricket tournament, Gudhi Padawa, Shiv Jayanti, Maharashtra Din, Tejomay Saptsur and Ganeshotsav programmes were celebrated in the Mandal along with few other regular and one off events. The Executive Committee successfully managed these events efficiently coping with vast numbers of attendees. From the total donations, sponsorships & membership subscriptions generated of £105,908, a sum of £61,500 (2024: £37,500) was donated to Maharashtra Mandal UK Ltd.
b. Fundraising activities (Building Fund)
The Trustees are delighted to provide this update on the progress toward securing full ownership of Maharashtra Bhavan. We have received a cheque form INR 5 crore (approx £405k) from the Government of Maharashtra. The government is currently in the process of transferring these funds directly to our bank account, which will enable us to complete the purchase of the freehold title. This milestone brings us closer to ensuring a permanent home for our community, preserving Maharashtrian culture, traditions, and social initiatives for generations to come.
This generous support from the Maharashtra Government strengthens our foundation and opens new avenues for bilateral relations between Maharashtra and the United Kingdom. Maharashtra Bhavan will serve as a key platform for cultural exchanges through Marathi literature, dance, music, and festivals. We plan to host language classes, workshops, and international conferences to promote the Marathi language globally. Additionally, this will foster opportunities in industry,investment, and education, such as attracting UK investments to Maharashtra’s IT, manufacturing, and services sectors, establishing joint ventures, and developing scholarships and exchange programs for students. These efforts will enhance trade, tourism, arts,culture, and skills development between our two regions.
On behalf of all members of Maharashtra Mandal London, we extend our heartfelt gratitude to the visionary leaders who have made this possible:
• Honourable Chief Minister Devendra Fadnavis
• Honourable Deputy Chief Minister Eknath Shinde
• Late Honourable Deputy Chief Minister Ajit Pawar
• Honourable Minister for Industries and Marathi Language Uday Samant
Their foresight and generosity continue to elevate Maharashtra’s global presence and support our diaspora’s thriving community.
Responding to a building fundraising appeal made in the last AGM to the members, a sum of £10,001 was received from members who generously donated specifically towards buying Maharashtra Bhavan. This sum is recorded as a restricted reserve in these accounts of the Charity.
Financial review
The financial results for the year are set out in accompanying financial statements.
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.
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Maharashtra Mandal London
Trustees' report (continued) For the Year Ended 31 October 2025
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 donations, 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 risks.
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Maharashtra Mandal London
Trustees' report (continued) For the Year Ended 31 October 2025
Structure, governance, and management
a. Constitution
The charity was established by a charitable trust deed dated 9th February 1963. The constitution of the charity was amended and filed with the Charity Commission 5th March 2014. The organisational structure of the charity is divided into two parts i.e. an Executive Committee (EC) and a Board of Trustees (BOT)
The EC is responsible for the management and administration of the day to day running of the operations of the Charity. The EC is led by a President, who is elected on a periodic basis, together with other committee members who are appointed by the President.
The BOT are responsible for overseeing the finances, investments, and custody of the Charity’s property. The BOT is led by a chairman and consists of a minimum of four and maximum of six trustees duly appointed under the provisions of charity constitution. One of the trustees is appointed as a 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 commitment invite them to join the board of trustees. After the incumbent has accepted the invitation the nomination committee then recommends the incumbent(s) to the General Body for their approval of trustee appointment in the members Annual General Meeting. All current trustees accepted the invitation to become trustee of the charity in this manner.
None of the trustees have any beneficial interest in the Charity. The trustees are also common trustees in the charitable company Maharashtra Mandal UK LTD (MMUKL) limited by guarantee which has similar objectives as this charity.
The EC members were elected at the Annual General Meeting held on 01 April 2023.
All members of the Maharashtra Mandal London are also members of Maharashtra Mandal UK LTD.
Post Balance Sheet Event:
Implementation of the new constitution and the registration of the new entity with the appropriate authorities is in progress.
During the month of December 2025, the Board of Trustees, decided to appoint the solicitors Blake Morgan LLP to discuss and negotiate with the diocese of Church of England on behalf of the Charity, regarding certain Covenants which are unfavourable and hence required to be amended or deleted completely as they are totally in favour of the seller which is Church of England in the Charity’s case. The outcome of these negotiations would be intimated to the members when this matter will be concluded.
Public benefit
The trustees have complied with their duty in section 17 of the Charities Act 2011 to have due regard to the guidance published by the Charity Commission.
Volunteers
We 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.
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
Page 5
Maharashtra Mandal London
Trustees' report (continued) For the Year Ended 31 October 2025
exposure to the major risks.
Page 6
MaharashtTa Mandal London Trustees. report (continued) For Ihe Year Ended 31 October 2025 SLitement of Trustéas. rnsponsibllitles The Trustees are responsible for preparing Ihe Trustees, report and the finanaal statements in aOrdanCe wth applicable law and United Kingdom Accounting Standards (United Kirkgdom Generally A¢pIed AccountirKJ Praclicel. The law applicable to charities in England & Wales requires the Trustees to prepare financial ststements for each finanaal year.. that gives 8 true and fair view of the state of affairs of the Company 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 consistenuy, observe the methods and principles of the Charitles SORP (FRS 1021- make judgments and accounling estimates that are reasonable and prudent. state whether applicable UK Accounting Slandards IFRS 102) have been followed. subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going nCern basis unless it is inappropriate to presume thal the Companywill continue in business. The Trustees are responsible for keeping adequate acwunting re(x)rds that are sufficient to show and explain the Charrtls 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. Trustees are also responsible for safeguarding the assets of Ihe Charity and hence for takin9 reasonable steps for Ihe prevention and detection of fraud and other irregulaiities. Approved by order of the members of the board of Trustees and signed on their behatf by. Sushil Waman Gaikwad Chairman Vasant P Ranade Finance Trustee Date.. 28 March 2026
Maharashtra Mandal London Independent examinerfs report For th9 Year Endod 31 Octobgr 2025 Indopgndgnt 8xaminar's report to the Trusteeg of Maharashtra Mahdal London I'the Charlty'l I report to the charity Trustees on my examination of the accounts of tha Charmy for the year ended 31 October 2025. Responsibilities and bagls of report As the Trustees of the Charty you are re8pon8ible for the preparation of the account8 in COrdanc9 With the rgquirements of th8 Charities Act 20111'lhe 2011 Aci'}. I report in respect of my examination of the Chartys accounts carried out under section 145 of the 2011 Act and in carrying out my examination I h8v& followed the applicable Directions gwen by the Charty Commission under 8ectlon 14515)(bl of the 2011 Act. Indepondont gxamlngr's $tatom8nt Your attention is drawn to the fact that the Charty has prepared the accounts in accordance with Aecounling and Repoiting by Chartties.. Slalemenl of Recommended Practice applicab lo eharilies preparing their a¢xounts in accordance with the Financial Reporting standa applicable in the UK and Republic ot Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to In the extant regulation8 but has been wtthdrawn. l understand that this ha$ bgen done in order for the accounts to provide a true and fairview in accordance with the Generalty Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I conft'rm that no matters have comg lo my attention in connection with the examination gTriing me cause to l)eliev6 that in any rnalerial respecL- accounting records We not kept in respect of the Charity a8 required by 8eclion 130 of the 2011 ACL or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirements concerning the fomi and corrtenl of aunt$ 591 out in the Charities {Accounts and Reports) Regulations 2008 other than any roquirement that the accounts give a 'true and faif vlew whkh is not a matter considered as part of an independent examination. I have no concems and have come across no other matters In connection with the examination lo which attention should be drawn in this report in ordgr lo enable a proper undgrslanding of the accounts to be reached. This report is made solety to the Charitls Trustees, as a body, in accordance with Part 4 of the Chariltes {Accounls and Reports) Regulations 2008. My work has been undertaket) so that I might stale to the Charills Trustees those mallers l am required to slate to them in an Independent examiner's report and for no other purpose. To the fullest extent pem7itted by law, I do not accept or assume responsibility to anyone other than the Charity and tha Charitls Trustees as a body, for my work or for this report. Sign8d.' Dated.. 28 March 2026 Janak Pokhrel ACA, FCCA antsx Lynton Chart8r8d Accountants and Stalthory Auditor5 Page 8
Maharashtra Mandal London
Statement of financial activities For the Year Ended 31 October 2025
| Note 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 2025 £ 15,897 - - 15,897 - - 15,897 45,942 15,897 61,839 |
Unrestricted funds 2025 £ 37,057 45,979 6,975 90,011 103,334 103,334 (13,323) 173,872 (13,323) 160,549 |
Total funds 2025 £ 52,954 45,979 6,975 105,908 103,334 103,334 2,574 219,814 2,574 222,388 |
Total funds 2024 £ 30,572 36,850 5,947 |
|---|---|---|---|---|
| 73,369 | ||||
| 72,568 | ||||
| 72,568 | ||||
| 801 | ||||
| 219,013 801 |
||||
| 219,814 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 11 to 21 form part of these financial statements.
Page 9
Mahara5htra Mandal London Balance sheet As at 31 October 2025 2025 2024 Fixed assets Currenl assets Debtors 4.369 249.317 11,702 255,332 Cash al bank and in hand 253,686 267,034 Current liabilitles Creditors: amounts falling due wtihin one ye8r 10 (31,298) (47.220) Net current assets 222.388 219.814 Total assets less Currerrt liabilities 222,388 219,814 Net assets excluding penslon asset 222.388 219.814 Total net assèts 222.388 219.814 Charity funds Restricted funds Unrestricted fund5 11 61.839 160,549 45.942 173,872 11 Total funds 222.388 219,814 The financlal statements were approved and authorised for issue by the Tnjstees and Signed on their behalf ty. Sushil Waman GailvAad ChaiTtn8n ant P Ranade Finance Trustee Date.. 28 Marth 2026 The notes on pages 11 to 21 form part of these financial statements.
Maharashtra Mandal London
Notes to the financial statements For the Year Ended 31 October 2025
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.
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Maharashtra Mandal London
Notes to the financial statements For the Year Ended 31 October 2025
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.
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Maharashtra Mandal London
Notes to the financial statements For the Year Ended 31 October 2025
3. Income from donations and legacies
| Donations Ganesh Festival Donations General Donations Building Fund Donations Membership Fees Subtotal detailed disclosure Total 2025 Donations Ganesh Festival Donations General Donations Building Fund Donations Membership Fees Subtotal detailed disclosure Total 2024 |
Restricted funds 2025 Unrestricted funds 2025 £ £ - 19,790 - 9,797 15,897 - - 7,470 15,897 37,057 15,897 37,057 Restricted funds 2024 Unrestricted funds 2024 £ £ - 20,487 - 6,036 1,353 - - 2,696 1,353 29,219 1,353 29,219 |
Total funds 2025 £ 19,790 9,797 15,897 7,470 |
|---|---|---|
| 52,954 | ||
| 52,954 | ||
| Total funds 2024 £ 20,487 6,036 1,353 2,696 |
||
| 30,572 | ||
| 30,572 |
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Maharashtra Mandal London
Notes to the financial statements For the Year Ended 31 October 2025
4. Income from charitable activities
| Unrestricted funds 2025 £ Sponsorship income 23,771 Event related activities 22,208 45,979 Unrestricted funds 2024 £ Advertisement income 18,601 Event related activities 18,249 36,850 |
Total funds 2025 £ 23,771 22,208 |
|---|---|
| 45,979 | |
| Total funds 2024 £ 18,601 18,249 |
|
| 36,850 |
5. Investment income
| Unrestricted funds 2025 £ Interest 6,975 Unrestricted funds 2024 £ Interest 5,947 |
Total funds 2025 £ 6,975 |
|---|---|
| Total funds 2024 £ 5,947 |
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Maharashtra Mandal London
Notes to the financial statements For the Year Ended 31 October 2025
6. Analysis of expenditure by activities
| Charitable Activities Charitable Activities Analysis of direct costs Donations to Maharashtra Mandal UK Ltd Event related activities Donations to Maharashtra Mandal UK Ltd Event related expenses |
Activities undertaken directly 2025 £ 99,292 Activities undertaken directly 2024 £ 68,265 |
Support costs 2025 £ 4,042 Support costs 2024 £ 4,303 Activities 2025 £ 61,500 37,792 99,292 Activities 2024 £ 37,500 30,765 68,265 |
Total funds 2025 £ 103,334 |
|---|---|---|---|
| Total funds 2024 £ 72,568 |
|||
| Total funds 2025 £ 61,500 37,792 |
|||
| 99,292 | |||
| Total funds 2024 £ 37,500 30,765 |
|||
| 68,265 |
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Maharashtra Mandal London
Notes to the financial statements For the Year Ended 31 October 2025
6. Analysis of expenditure by activities (continued)
Analysis of support costs
| Bank charges Advertising Computer Costs Printing, Postage and Stationery Subscriptions Governance cost- Accountancy Total 2025 Bank charges Computer costs Printing, Postage and Stationery Subscriptions Governance- Accountancy |
Activities 2025 £ 1,567 303 296 733 143 1,000 4,042 Activities 2024 £ 800 496 1,655 352 1,000 4,303 |
Total funds 2025 £ 1,567 303 296 733 143 1,000 |
|---|---|---|
| 4,042 | ||
| Total funds 2024 £ 800 496 1,655 352 1,000 |
||
| 4,303 |
7. Independent examiner's remuneration
The independent examiner's remuneration amounts to an independent examiner fee of £1,000 ( 2024 - £1,000 ).
8. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .
During the year ended 31 October 2025, no Trustee expenses have been incurred (2024 - £NIL) .
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Maharashtra Mandal London
Notes to the financial statements For the Year Ended 31 October 2025
9. Debtors
| Due within one year Other debtors Prepayments and accrued income |
2025 £ 544 3,825 4,369 |
2024 £ 10,506 1,196 |
|---|---|---|
| 11,702 |
10. Creditors: Amounts falling due within one year
| Other creditors Accruals and deferred income Amount owed to connected company |
2025 £ - 2,000 29,298 31,298 |
2024 £ 7,435 1,000 38,785 |
|---|---|---|
| 47,220 |
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Maharashtra Mandal London
Notes to the financial statements For the Year Ended 31 October 2025
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 2024 £ 173,872 Balance at 1 November 2024 £ 45,942 219,814 |
Income £ 90,011 Income £ 15,897 105,908 |
Expenditure £ (103,334) Expenditure £ - (103,334) |
Balance at 31 October 2025 £ 160,549 |
|---|---|---|---|---|
| Balance at 31 October 2025 £ 61,839 |
||||
| 222,388 |
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Maharashtra Mandal London
Notes to the financial statements For the Year Ended 31 October 2025
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 |
Balance at 1 November 2023 £ 215,001 4,012 219,013 |
Income £ 73,369 - 73,369 |
Expenditure £ (72,568) - (72,568) |
Transfers in/out £ (41,930) 41,930 - |
Balance at 31 October 2024 £ 173,872 |
|---|---|---|---|---|---|
| 45,942 | |||||
| 219,814 |
During the accounting period ending 31 October 2024, the Trustees have transferred £41,930 from unrestricted fund to restricted fund. Total funds of £45,942 have been earmarked for the purchase of freehold building by the charity. Trustees are liaising with Government of Maharashtra for the remaining funds to enable the charity to purchase freehold building
12. Summary of funds
Summary of funds - current year
General funds Restricted funds |
Balance at 1 November 2024 £ 173,872 45,942 219,814 |
Income £ 90,011 15,897 105,908 |
Expenditure £ (103,334) - (103,334) |
Balance at 31 October 2025 £ 160,549 61,839 |
|---|---|---|---|---|
| 222,388 |
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Maharashtra Mandal London
Notes to the financial statements For the Year Ended 31 October 2025
12. Summary of funds (continued)
Summary of funds - prior year
| General funds Restricted funds |
Balance at 1 November 2023 £ 215,001 4,012 219,013 |
Income £ 73,369 - 73,369 |
Expenditure £ (72,568) - (72,568) |
Transfers in/out £ (41,930) 41,930 - |
Balance at 31 October 2024 £ 173,872 45,942 |
|---|---|---|---|---|---|
| 219,814 |
13. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Tangible fixed assets Current assets Creditors due within one year Total Analysis of net assets between funds - prior year Current assets Creditors due within one year Total |
Restricted funds 2025 Unrestricted funds 2025 £ £ 61,839 (61,839) - 253,686 - (31,298) 61,839 160,549 Restricted funds 2024 Unrestricted funds 2024 £ £ 45,942 221,092 - (47,220) 45,942 173,872 |
Total funds 2025 £ - 253,686 (31,298) |
|---|---|---|
| 222,388 | ||
| Total funds 2024 £ 267,034 (47,220) |
||
| 219,814 |
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Maharashtra Mandal London
Notes to the financial statements For the Year Ended 31 October 2025
14. 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, the charity provided donations of £61,500 (2024: £37,500) to Maharashtra Mandal UK Limited (MMUKL). Amount owed to Maharashtra Mandal UK Ltd including unpaid donations at year end was £29,298 (2024: £38,785).
15. Controlling party
The Charity is controlled by the board of Trustees.
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