**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. Page 3 ## **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. Page 4 ## **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 a￿OrdanCe 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 a￿unt$ 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. Page 11 **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. Page 12 ## **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_| Page 13 ## **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_| Page 14 ## **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_| Page 15 ## **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)_ . Page 16 ## **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_| Page 17 ## **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**| Page 18 ## **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**| Page 19 ## **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_| Page 20 ## **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. Page 21