DooJ51gn En¥elope10.. 8CgC638D.25894891-8AB>gcccD3A2CB53 CHARrrf NUMBER: 267037 OSHWAL A88OCIATION OF THE UNITED KINGDOM ANNUAL REPORT AND FINANCIAL STATEMENT8 YEAR ENDED 31 DECEMBER 2024 GRIFFIN STONE MOSCROP & CO (GSMI Chartèred AG¢ountants 21-27 Lamb'¥ Condult Stregt London WC1N 3GS
DOcU9n Envdope ITr. ec9c6382s89489I.8AB>9CccD&12cBS3 QSHWAL ASSOCIATION OF THE UNITED KINGDOM ANNUAL REPORT AND NNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CONTENTS PAGE Legal & Admlnislratfve Dèta118 Report ofthe EXUtIve Committee Independent Audliors, Report 9-12 Statement of Financial Activlues 13 Balance Shéet 14 Statement of Cash Flows 15 Notas lo the Flnancial Stat8m8nts 16-26
Docu81gn Env8iop¢ ITr. 8CgC638fh25894891.8AB34CCCD3A2CB53 OSHWAL ASSOCIATION OF THE UNITED KINGDOM LEGAL AND ADMINISTRAnvE DETAILS CHARITY NUMBER: 287037 EXECUTIVE COMMirrEE: Offlco Bear•r8: Presldenl Nam Rumil Dwch8nd Shah From (01101r2024 to pr88entl Vlce President Nlrmal Chandrakant Shah {0110112024 to pre88nti Secretsry Avnl Jayantllal 8h8h Min8sh Venlchand Shah 12810412024 to presont) 10110112024 10 28104120241 Treasur8r Mlnakshl Naren Shah (0110112024 to pre8ènti Oth•r Momborn.. ANlnd Dharamshl Shah Basanll Dlllp Shah Bhavln Manlsh Shah Bllal Harakchand Shah Dylan Bunty Shah Hltèn Panachand Savla Hlte5h L8kh8m8hl shah Khlllt Mukund Shah Poonam Chlm8nlal Shah Mlne8h Venlchand Shah R8188h J8lh8lal Sheh Rajvee Shah Punaiar Sachln Shamml Shah Shandlp Nalhalal Shah Shllpa Chalan Shah smlla Jagnesh shah 128A)412024 to preBent} 1011011202410 28104120241 (0110112024 10 28104120241 101101r2024 to presenll (2810412024 to presenti {0110112024 to presentl 10110112024 to present) 10110112024 to presenti 10110112024 to 2810412024) 12810412024 to pre8ent) 10110112024 10 28104120241 (0110112024 to presentl {0110112024 to pre$8ntl (0110112024 to presenti {0110112024 to presanti {2810412024 to pr888nti Area TTU•t••8:' Ea81 Klshoro Lalll Harla Avnl JÉyantll81 Shah Rahul Somchand Shah Sarad Lakh8m81 Shah Irene Mafjoile Shah De8P8k Jfvr81 Haranla Mukesh Nathoobhal Shah Poonam Alkesh Shah Ume8h Bharmal Shsh Jayshree Dhlren Shah Nlpun Premchand Shah Chunllal Premchond Shah Shejal Nilesh Shah 11810512024 to presentl 10110112024 10 18106120241 12310812024 to presentl 10110112024 to 2310812024) 10110112024 to pre8enl} 10110112024 to pr•$ont} 10110112024 to presenl) (0110112024 to pre6enl) {1210512024 to presentl {0110112024 to 12105120241 {0110112024 to pregenti 11210512024 to pr8sentl 10110112024 to 12105120241 LetC88ter Lulon Northampton North North Ea81 North Well South We8t CHARITY NUMBER: 267037 PRINCIPAL OFFICE: 08hwal Centre Coopors Lane Road Norlhaw Hert$ EN6 4DG
OSHWAL ASSOCIATION OF THE UNITED KINGCX)M LEGAL AND ADMINISTRATIVE DEfAILS CHARITY NUMBER: 267037 WEBSITE: AUDITORS: Griffin Strme Mosuop & Co (Gskq) Ch¥tered Accountants & Registered ALKlltor8 21-27 Lamb's Cor)duit Streat London EC1 N 3GS BANKER8: Barclays 8ank pk NatwJn81 Vlesthlnster Bank Ptc FStOne Inv8Stffonl klanagemènt Limlted
OouJ$ign EM0p810.. 8cgc838ts2s8l4sc¢cDU2cbs2 OSHWAL ASSOCIATION OF THE UNITED KINGDOM REPORT OF THE EXEcufivE COMMITTEE FOR THE YEAR ENDED 31 DECEMBER 2024 The Executive Commiltee pro8onttheirgnnual reportwhh he audited finandal statements oflhe Assodadon for Ihe year ended 31 Dember 2024. The financial statements have been prep8red based on the ac¢ounllng policies set out in note I lo the financtal slatemts and coryty wlth the requtrements of the Charities ACL Constitution of Asxlation. and AcuunbThJ and Rewbng by ChaiitM.' Statement of Recommènded Practke applicable to ¢harrt preparfng their accounts In adance with the Financlal Reporting Standard appluble In the UK and Republ of Ireland ICharrli88 SORP FRS 102) leffectlve 1 January 20191. Oblocts of th¢ As8o¢latlon Th8 objects of the Assoclalon, as defined by the Constllukn ¥e'. the advancement of Ihe Jain rellgton r611of of poverty advancement of &4uc8tbn prolecllon of health and welfar other charltsblè objects 88 tho Tru8tees of the A8BoCIath nw Irom time to deckl•. Wthln these objects the A880¢tIOn.. has constructed and l¥ malntalnlng 8 Dera88r {Jaln templ•l, 81 ts 08hw81 Centre kn Pottern Bar; malntsln8 communlty ha118 Gurrentty at Potter8 B¥ (H8rtrwd8hlrnl, Klng6bury (North West London) and Hounslow {Mtddlesexl whkh ¢an l)8 hlred by lis memb•r8 and others for cetobratlon of blrthj, marrtagas, and rellglou8 functlons, et¢. cllltsles pr¢yrammo$ and ceremonles to mark du8pkkn days a8 pro8cdb8d by the Jaln rglhabn., facllltst86 Sportlng luncwons and Iltn88s and yoga do888s for memb•r8 en¢ompas$lng all aga group8 and gocLql 8V8nt8 for the elderty., faclSlt8te8 18amlng ol Ihe language and culhye lor youwer ffffjmbor8 of tho communlty In 88veral areas., hold$ semlnarn,18ctures. Worksho el¢. for advancemenl of heallh and welfare of members, provldlng guldance for lurther aducallon and caroor advancemen( and for a deeper understandlng of the Jaln relTrgbn. Publle B•n•fft The Executive Commllleo ha8 gten carefvl consider81vJn lo guklance published by the Charlty Cornml881on on PU1¢ beneftt, when reviewlng thelr airm and objectives and in plannlng aclivitles. Organl•atlonal 8tructur• The sOcIatIon16 govem•d in oKordBn¢6 wbth tho ternw of its Con$lItutk. 01 Ex•¢utlv• Commltt•• The name8 of the ojrrenl members d the Exxullve conNnI and those who hehl office durlng the finan¢lal year are set out on page l. The members of tho Executive Committee, who aR the CharSty Trusta88 for the PUTP08es of Iho Charities Act 2011. o)ndLKI the operations of the Association. Fulktlme paid erry)loyee8 end volunteers urKlertake the day-trHJay managerrnnt of the A88(Klation. Ne geOgraph?1ty defined bran¢h88, referred to as Areas, port to and arn responsible to th6 Execuihe Commiitee. The Areas have their own local COMMle8$ and are responsible lor the var8 &livilies operatsd In furtheran of th8 Assoclation'5 objects in theli respectNe ar&qs.
Dowsign En¥8lcye10.' 8CgC6381h258N6914A8MCCCD3A2C853 OSHWAL ASSOCIATION OF THE UNITED KINGDOM REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 DECEMBER 2024 The Exe¢uUve Committee ¢omprBes of four Office BeareT8 and ljvelve Ex8cullve Committee Momberg who are elected by the members ol the Assoclalon for a period of two years. In additlon, e8¢h of the nlne Ar8a Chairpersons is also a Trustee of the As5cKialion. The Executive Committee meets on average once 8 month lo discuss the aftalrs ofthe ASS18110n. Sub£ommlttee8 To a$sl$t In the operalon and managamenl of Ihe Associatron. su0MmIttee$ are fom)8d. Each sLh commlttee Is ¢halred by a member of the Executivè Committee and comprfses of several other mbers of thg Assoc181ton as requlred by the Chairperson. S¢0MmIttee5 in operatlon during the yearwere: Siib-Coi)Imiltec Audit Committee, Fundraising & AFoa Cothinalor Fin8nc8 Admlnlstrativ8 & External Liai50n Secretary Chlef Information Officer EduGatlon & Piinl Media Health & Wellbeing & enabling nthork Women's Empowerment Youth, Sports & Games Professlonal Development Welfare & Anand Yalra PMC & Medla Govem8nc8, Lagal & Memb8rship Cultural & Herllage Assl Treasu1& Capex Due Dlllgence Tèchnology, CTO & Media Rèligion & Religious Ambassador OBPN & Enabllng Neork Cliairperson Froi)I To Nlrmal C Shah Meena N Shah Rumil D Shah Avnl J Shah Nlmal C Shah R8lvee Shah Punalar Shilpa C Shah Avnl J Shah Sachln S Shah Dylan B Shah Hltesh L Shah Minesh V Shah Hlt8n P Savla Arvlnd D Shah Bilal H Shah Khilit M Shah Shandip N Shah Smlla J Shah 0110112024 to present 0110112024 b present 01101r2024 to present 2810412024 to present 0110112024 to present 0110112024 to present 01101r2024 to present 2810412024 to present 0110112024 to present 2810412024 to sent 0110112024 to present 2810412024 to present 01101r2024 to presenl 28104f2024 10 present 01101r2024 to present 01101r2024 to PR5enl 01101r2024 to present 28104f2024 10 present bl Boarif ofAdvlsorn The Board of Advisors now comprf$es of six elected members and several past Presldents, (who have Sorved the Assoclatlon and do not hold any office}. The Board of Advisors Is an independent body that advlses the ExeGUtlve Committee on m811ers that are roferred lo the Board and are also involved In the grievance and disciplinary pr¢xedure. The foltowlng members served the Association as members of Board ofAdv150rs durlng the year.. Ha8mlta Hitssh Shah Jinlt Gosar Shah Manlsh Hansraj Shah Neel Mahendra Shah Late Ramesh KD Shah Suml Httesh Shah Niie$h Bhagwanji Shah Late Ratlkl Devchand Shah EleGled Member Elected Member Elected Member Elected Member Elected Member Elected Member Past pSEdent Past PTe5idenl
0¢9n Envelope ID.. 8Cgc63825e946Bl-BA8McCCO3A2C833 OSHWAL ASSOCIATION OF THE UNITED KINGDOM REPORT OF THE EXECUTIVE coithiirrEE FOR THE YEAR ENDED 31 DECEMBER 2024 cl R•munoratlon poll¢y for koy m8nagom8nt pèrsonnel The Trustees ¢onsldeT the members of the Executive Commlltee comprlse the key managoment personnel of the Gh8rlly In charge of directing, conlrolllng, njnnlng and operating Ihe A850¢iation on day-tskday ba3ls. None of the Trustees Tecelved any remuneratlon Of benefits In the year for provldlng thelr 8ervlGes. Flnonclal Rwlew and R•8ults for the Year Total Incom in 2024 waj £1,931,385 88 comp8rad to £1,906,694 In 2023 an incre888 of £24,891. Expenditure decreas In the year by £172,913 from £1,586,234 In 2023 to £1,413.321 in 2024 before allowlng for the Impalrment charge of £57,0031£270,447 in 20231 Th18 ha6 re8ulled In tho net 8urp5u8 In the year to bo £461,061 agalnst £50.013 In 2023 Accordln9ty, th8 net assets of the A88oclatlon IncTea8ed from £22,889.803 on 31 December 2023 to £23,150,664 on 31 December 2024 A¢tlvltl•• Undortaken In lh• Yoar The followlng actfvlll86 were undertaken durlng the year.. The Asgocl8tlon has Conllnued to help local and Intern8tlonal Commun188 from the donAllonB glven 98n6rously ty our members. Ats8plclou6 days In 8ccordane8 wlth the Jaln Calendar weT& celebrated al all our 8rea8, thls Included Aymbel, Paryushan, D11, Sav8nl8arl Bholan and Dhaladln. To make th88e events fully Incluslve for all Oshwals l¢X81ty and Int8¢n8llonolly we have conllnued and expanded the use of Zwm, YouTube and other onllne platrorm8. The foollall ot the Dera88r ha6 slgnlflcanuy Increased 88 a result of an Incrga8e In actlvltles and Innovallvely 188chln9 Jalnlsm. The funds collected under 08hw81 Welfare Fund (the new scheme) wlll be fulty ullll8ed by the areas, All donaltons can bo made el?rOniCally. Tho use of aleclronlc m•dla has In¢re88od Slgnlficonlly whlch 18 a6818llng In the reduellon of the a8soclallon's carbon footprlnt. The use of blodegr8dable plate8 tt88 replaced the slngle uge pl88tlc. We have seen a sncan1 Incr8a$e In regular actlvlUo8 In all ar888. New Ilft 8t the Dersar has now bean Installed and belng u80d by our elderly whe8l¢halrbound member6. Work on Shakti Centra renovallon8 began in the year and Is expeGted lo b8 comploted by early part ol next year. The purcha80 ofwalllngton Sports & S(Klal Club 8134 Molllson Drlvg W8lllngton, Surray wo8 complgled on 2 February 2024 al a cost of £2,837.316 Incluslve of all costs. In accordanc8 wlth the maln obio¢llve of folbwlng 8nd propagating tho Jaln falth and communlly ¢oheslon wlth m•mbors and the wlder communlty, all a¢tlvilie$ und8rtaken fvlffilled Ihese aims and oblecllves. Communty ¢ohe8lon Is an Important aspect of the A880clallon's work. The cUrnt la¢llltles wllh the further devalopments belng undertaken will enable the A¥scdaUon to addres8 and dellver progr8mme$ arKI ov8nts to the changing demogiaphic of the member8.
Dwslgn En¥8lope ID.. 8cgc638r2S8g4sg1-8E&gCCCD3A2C853 08HWAL ASSOCIATION OF THE UNrrED KINGDOM REPORT OF THE EXECUTIVE COMMirrEE FOR THE YEAR ENDED 31 OECEfv1BER 2024 Futur• Plans The Executive Committeo has Identffied the followlng medlum-term obiethes whlch will be revlgwed on an annual bas1S'. Dlsposal of 58-60 Wndmill Road, South London. Refvrblshment ol Oshwal House, Oshwal Centre. Redevelopment of Wallingion Sports & S(xlal Club purchased In tho year. To contlnue to organise seminars, lectures and events In order to promote the princlples of the Jain Rellgton. To organls8 semlnars, kctures and events on Health and Wgllbeing of our membws and ensure we become (ulty Inclu51ve. To oonllnu8 and promote th8 actfvlty for the youth. All Derasar Murti's to be repaired and repalnted to give It frosh Ilfe and funds forthis hav6 already been collected. The members have a vast resource ol knowledge and experl8nce whlch shall be used positfvety for all future plans. Golng Concèrn The Trustees conslder that there are no material unGertainties abjuttht Assoclation'8 abllity to ntinue as a golng concern. Rl8k Managèment In the short and medium term there are no slgnificant dsks, except for a calaslrophic occurren¢e at Ihe Association's properties. Adequate Insurance provisions have been made to miligate such rfskslpotential Ioss8s and these are rgviewed annualty. An external provideT has been appolnled to undertake regular rlsk assessments for health and safety issu8S. The ExeGLthe Commillee is responsible for the management of the rlsks faced by the AS¥tIon. All significanl aclivllles undertaken are gublecl to rlsk review as part of the inilial prolect assessment and impl8mentstion. The Executive Committee revlèws the major Tisks th8t the Association faces on a regular basis and controls are established as approprigle. The key controls used by the As50¢1atlon Indu¢Je.' Formal agenda$ and mlnutes for all Executlve Commltte8, Areas and S0mMIttee meeting Detailed term6 of r8feT8nG8 for all Commlttees Detailed budgetsry presentation for each activily for approval by Ihe ExeculNe Commlttge Established organlsational structure and lines of reporting Fomial written reports to the ExeGUtNe Commlttee Clear authorlsalion and approval levels Vetting Procedures as requlred by law for the protection of the vulnerable Engagement of exlemal professtonal advisors a8 and when ne¢essary
OSHWAL ASSOCIATION OF THE UNITED KIIIGDOM REPORT OF THE EXECUTNE COMMITTEE FOR THE YEAR ENDED 31 DECEMBER 2024 The Executive Committee is satsfd that the risk5 Id1]Thd ar& adequate mbtigated whern necessary through controls eslabllshed for the running of the Associalion.11 is re¢ognBed Ihal the controls established Gan only provlde reasonable but notatdute assuTance that major rkS have been ad8qLtatety managed. The ExeculNe Commlltsels 8ware that mre than £85,000 are hdd lih Several regulated UK banks. The treasury policy 1$ to revlthy thls on a regular basis. R¥sorves Pollcy A Substantsal proporti)n of th8 resefves shry4¥n in the balance sheet are represented by assets other than ¢ash. Of the reserves at 31 Decwnber 2024 of£23,150.864. net Current assets amoun to £5.053,126 The Executlve Committee consider the unenMbe[ed reserves of Associthn lo be £4,856,925 being the net current assets, less amounis due after one .lasS restrlcted rese5. The ExKutiv¢ Commitiee have reviv tho Association's need for unen¢urnbed reserves have decided to maintain these to cover the annual Umrj exFwditure of the Assoclatlon iCti Is e5tlmated lo be approximateW £1.4 mlllion. The level of unerKumbered reSeTves are monitored and rewewe(I reguk by Ihe EXtiVe Commtttee. Inve8tmont Pollcy The Executive Committee takes a prlnI th to the invesbThnt of SUFplus furth as these ar8 being reiained for fvrtherfng the obje¢ts of the As%)dation. A¢InglY. bjnds not rtyuir8d lor expenditu In the short temi are placed on d8posiL Freohold Proportle8 Thé Asswlation own5 the follry5ng freehold prowties through its wholty (Y•med subsidiaries: Lashglow Limited: Oshwal Cenlre In Northaw, Hertl¥h*e Oshwal Ekta Centre In lQrosbury, North West LoThJ Oshwal Shakti Centr8 In Hounslow. Lor SLM Propertles Limlted: Oshwal Shanl Centre, 5&80 Vthdmlll Road in Croydon. South LoTrJon Rumit Shah and Mlnakshl Shah as Trustees of Oshwal Assoclatpjn of the UlQ' V48llington Sports & Soial Cl1, 34 Mollison Dri¥8, WaHington, Surrey South Lcrton AJI the properb'es ar8 hald as rnmlne8 on behalfof ts Asxdatw)n. A¢counllng and Reportlng Ro8pon8lbllltles The ExecutNe Committao is resp)nsible for preparing tho Rewt of the Executive Committee and the financial statements in accordance with Charl9 Act 2011 and Unibj Kiwdwi Gweralty Accepted Accountlng Piactice.
DouJ5wJn Envelope10.. 8C9c838258891.8AB9CecO3A2C8S3 OSHWAL ASSOCIATION OF THE UNITED KINGDOM REPORT OF THE EXECUTIVE COMMirrEE FOR THE YeAR ENDED 31 DECEMBER 2024 The Charlties Act2011 requires the ExeGUtive Committse as Charlty Trustees oflheAs50cl8tion lo prepa accounts for each financial year whlch glve a true and fair view of it5 financial activities during the year and of Its finandal posiuon al th8 end of the year. In presenting those flnanoial Statements, they are required seleGI suitable accounllng liCIeS and Ihen appty them ConsistenY. obseNe the method$ and prin¢lples In the Charbties SORP FRS 102; make judgements and estlmale8 that are reasonable and pruden(. follow applicable UK accounting stsndards and the Charflies SORP FRS 102, disclosing and explainlng any departures In the awounts., prepare the financial ststements on a golng concem bas15 unless It Is inapproprlale lo do so. The Exgcuuve Commlttse Is responsible for keeping prop8r accounllng re¢ords whlch disclose with reasonable accuracy al any tlme the finanGlal posltion of the Association. and to enable them to ensure that th8 financlal slalements comply with the requlrements of the Charfly IA¢counls and Repor151 Regulatlons 2008. They are also responsiblg for safeguarding the asse15 of the As8o¢latlon and henoe for tsklng reasonable sleps for the prevenllon and detection of error. fraud and other irregulaTitses besides the above responsibllilies. Voluntsor8 and Stsff The Assocl*ion benells greatly fiom the Involvement and enthusiastK support of Its many voluntsers and staff The EXutIV8 Commlttoe tak&s this opportunity to Ihank all th8 volunteers and staff for thelr imialuable time devoted in helping to run the affairs of the Associdon. Approved by the Exe¢ulwe Commlttee on 6 Aprll 2025 and signed on Ihelr behalf by: Rumlt Devchand Shah Pr¢sldont Mlnakshl Narnn Shah Tr88surer
Do(1g Env4opE ID.. 8C9C638LL25884891-8AB3-9CCCD3A2¢853 OSHWAL ASSOCIATION OF THE UNITED KINGOOM INDEPENDENT AUDUTOR'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Oplnlon We have audited the financia] stalements of Oshwal knociation of the United Kingdom (the '¢harity') for the year ended 31 December 2024 which comprise Statement of Financial Activitie4 th¢ Balance Sheet, the Statement of Cash Flows and notes to the financial statements. including significant accounting pollcies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards. inclLM£ing Financial Reporting Standard 102 The Financial Reporilng Standard applicable in the UK and Republic ofJrelaKd (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial ststements: give a true and fair view of the state of the charity'8 affairs 4$ at 31 December 2024, and of its incoming resources and application of resources, including its income and expenditure, for the year then ejmled, have been properly pr¢pared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirernents of the Chwities Act 2011. Basls for oplnlon We conducted our audit in accordance with Internation Standards on Auditing (UK) USAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UL includtng the FRC'S Ethical Stsndard. and we havc fulfilled our other ethical responsibilities In accordance with these requirements. We Ixli¢ve that the audit evid¢nce we have obtsined is sufficient and appropriate to provide a basis for our opinion. Emphasis of matter We draw attention to Note 4 in the financial statements, which describes the ongoing review of Derasar Complex costs brought forward as at l January 2024. We also draw to your attention that depending on the outcome of the revÉew, a prior year adjustment might be required Thext year to writewoff up to £l.Im, in respect of Cumulative costs that were rApitalised from 2017-2020 which are now suspected to have been expenditure that thould have been charged to the Statement of Financial ActlVLties. Our opinion is not modified with respect to this matter. Concluslons relating to going concern In auditing the financial statements, we have concluded that the Irustees, use of the going concern basis of accounting in the preparation of the financial 5tatemenls is appropriate. Based on the work we have p¢rfom]ed, we have not identified any material uncertainties relating tr) events or conditions thal individually or collectively, may cast significant doubt on the
Docu*w EnvdoF4J1Tr. OC63825al-&scCco&l2cBS2 OSHWAL ASSOCIATION OF THE UNITED KINGDOM INDEPENDENT AUDUTOR'S REPORTTO THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 charity's ability to conlinue as a gokn8 concem for a period of at Icasi twelve months from when the financial statem¢nts are authorised for issue. Our responsibilities aNI the responsibilities of the with resped to going concern are described in the relevant sections of this report. Other inforntstlon The other inforniation compiises the infollnation includ1 in the trustees, annual report , other than the financial statements and our auditor's report thereon. The tThteeS are responsible for thc other Informatio Our opinion on the ftnartcl statements does not cover the other inforniation and we do not express any fonn of assurance conclusion ttrOn. Our responsibility is to read the other information and. in doing so, consider whether the other information is materially Inco81stent with the financial slatements, or our knowledge obtained in the course of the audit or otherwise appears to be rnaterially miss. If we idenlify such material inconsistencies or appent material misstatement4 we are required to detern)ine whether this gives rise to a material misststement in the fmancial statements themselves. If. based on the work we have perfornied, we conclude that there is a material misslatement of this other infomiation. we are required to report that facL We have nothing to report in this reghr Matters on which we are required to report by exception We have nothing to report with the exceptions noted below in respect of the following matter5 in relation to which the Charities (Accouftts and Reports) Regulations 2008 wuire us to report to you if, in our opinion: the infom)ation given in the Iwstees, report is incolStent in any material respect with the financial ststements. or sufficient accounting records have not Ixen kepL or the financial statements are not in awent with the accounting records; or we have not Teceived all the infornation and explanations we require for our audit. In respect of accounting records kept we noted th¢ following cxceptions.. The Charity hAs not kept a detsiled fixed asset reBister and therefore is unable to confirn) if the costs brought forward is overstated with potcntial assets held Twhich have may have been disposed of. Full payroll rewtds for part of the year were not available for inspection due to10&8 of Responsiblllties of trustees As explained more fvlly in the trustees, f¢SPODsibilities statement set out on page 7 & 8, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a and fair view, and for such internal control as the trustees detemine is nesSary to enable the preparation of financi8] slatements that are free from material misstatemenL whether due to fraud or eTror. 10-
DorArygn Envdy ID.. aC63858&4a919CCCDS42¢8S3 OSHWAL ASSOCIAnoN OF THE UNrrED KINGDOM INDEPENDENT AUDUTOR?S REPORT TO THE TRUSTEES FOR ThE YEAR ENDED 31 DECEMBER 2024 In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continu¢ as a going concern. disclosing. as applicable, mattets related to going conrxrn and using the going concern basis of accounting unless the trustees either intend to liquidatr the charity or to cease operations, or have no realistic a]ternative but to do so. Auditor responsibllltles for the audit of the financial statements We havc been appointed as auditor under section 144 of the Charities Act 2011 and rq)ort in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain Monable assurance aErt)ut whether the financial stat¢ments as a whole are free from material misstatemenL wbether thie to fraud or ertor. and to issue an auditor's report that includes our opinion. Re&nable assur is a high level of assuranc4 but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstsiements can arise from fraud or error and are Considered material if, individualty or in the aggregate. they Could reasonably be expected to infiuence the economi¢ decision5 of users taken on the b&%is of these fuwicial statements. ITregularities. iThcluding fraud. are instances of non-cornpliance with laws and regulatio. We design procedur&8 in line with our responsibilities, oudined above, to detect material misstatements in t of irregularities. including fraud. Thc eXt to whiGh our procedu8 aTe capable of detecting iffegularitie4 including fraud is detailed below: Performing audit wod( over the risk of management override of controls, Ancluding evaluating the rationale of significant ttansactions outsAd¢ the nornthl coutse of the charitable activity and any accounting estimates for bias; Carry out subslantive Checks on a sample basis to supporting documentation of individual transactions to give comfort the statrments of financial activities does not contain any malerial irregular items. Verifying that material balances within the balance sheet are supported by third party evidence lo confmn existence and valuation at the balance sheet date. Enquiry of management and those charged with governance around actual and potential litigation and claims. and Reviewing minutes of the Irustees meeting& Because of the inher¢ftt limitations of an audiL there is a risk that we will not detect all irregularities. including those leading to a material misststement in the financial ststements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the fmancial statements. as we will be less likely to become aware of instances of nOn¢0mplinee. The risk is also greater regarding irregularities occurring due to fraud rather than error. as fraud involves intentional Concealment, forgery, collusion. otnission or misrepresentation. As part of an audit in accordance with ISAS (UK). we exercise professional judgment and maintain prOf1Onal scepticism throughout the audit. We also: Identify and assess the risks of material mi&8tstement of the fllwicial statements, whether due to fraud or error, design and perforni audit procedures pons1Ve to thos¢ risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material MIlaternent resulting from fraud is higher than for 11
DO9n £[lOpe ID.. 8G9¢63858g4a9l4AB3-9cCcO3A2CBS3 OSHWAL ASSOCIATION OF THE UNITED KINGDOM INDEPL¢ NDENT AUDUTOR?S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 DE¢eMBER 2024 one resulting from error, as fraud may involve collusion, forgery, intentional omissio) misrepresenlation& or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the ¢ircumstances, but not for the pury)ose of expressing an opinion on the effectiveness of the charkty's internal control. Evaluate the appropriateness of accounting polioies used and the reasonableness of accounting estimatss and related disc105ures made by the trustees. Conclude on the appropriateness of the tn]stees' use of the going ¢oncern basis of accounting and, based on the audit evidence oblained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report tr) the Lrlated disclosure$ in the financial slatements or, if such disclosures are inadequate, to modify our opinion. OUT conclusions are based on the audit evidence obtained up to Ihe date of our auditor, report. However. fjjlure events or conditions may caus¢ the oharity to cease to continue &s a going concem. Evaluate the overall presentation, structure and content of the fmancial statements, includin8 the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that hleVe3 fair pre8entation (ie. gives a true and fair view). We Communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and signlficant audit findings, in¢ludin8 any significant deficiencies in internal control that we idenlify during our audit. Use of our report This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's Iru$tees those matters we are required to slate to them in an auditor's report and for no other purpose, To the fullest extent pennitted by law, we do not accept oi. assume responsibility to anyone othei. than the charity and the charity's trustees as a body, for our audit work, for this repoTt, or for the opinions we have fonned. Griffin Stone Mos¢rop & Co Chartered Accountants Statutory Auditors 2l-27 Lamb's Conduit Street London WCIN 3GS Dale: 7 Apri 1 2025 Griffin Stone Moscrop & Co are eligible to act as auditors in tern of section 1212 of the Compani¢s Act 2006. 12-
OouJwJn Envelcpe ID.. acgC6380.258M8g1-8AB>gcccD3A2C853 OSHWAL ASSOCIAnoN OF THE UNITED KINGDOM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 UnrgBtr]cted Fund8 R•trl¢tsd Fund$ Total Fund8 2024 Total FundB Not• INCOME Donatlon Income: Donatkjns Subsuption8 ActlvltleB to gen•rat• fvndg: Property irKomg Fundr818ing o¢UvlUe5 PublScallon8 8nd sundry Bank intera81 Charltablo A¢tlvltl•8 Grants 21a) S01,772 23,335 567.371 23.335 479,3C 21,058 912,722 176,818 21.285 55,058 153,809 21.189 912.722 176.816 21.285 SS.058 153.809 21.189 1,029,039 183.161 19,230 20.489 147.588 21b) 2{c) 21d) 1885 788 EXPENDITURE For Generated Fundg Subsc[Epons Sodal end fundra18ing 8¢Y8$ Publications Properues For Chayllablo Actlvldo8 Rellglous Educatlon Youth alIeS D¢011 Impaimient ol 86881 hekl lor sale 8,051 110.355 49.791 888.388 8,051 110,3SS 49,791 868,368 11,043 125,051 56.732 1,000,989 3(al 31fj 31cl 31dl 214,569 69,144 81,527 6.329 220,898 69.144 81.527 5,187 57.(k)3 205,387 50.422 76.201 60.409 270.447 3(•} 30> 4.582 57.003 NEf INCOME (DEFICIT) 54.708 461.CS1 50.013 Not movornent In Funds In th? Year 406.353 54,708 461.081 50.013 Total Fund8 brought forni8rd 22.553.110 136.493 22,e89.803 22.839,590 TOTAL FUNDS CARRIED FORWARD 22 959 463 191201 23 150 884 Unle88 8led In the nots$, ¥ll comparatlve amounts rnlaie lo unr•$trldod funds. 13
Doujslgn En¥olope10.. 8C9c83eiK5894891448>c¢D&42c3S3 OSHWAL ASSOCIATION OF THE UNITED KIIIGDOIII BALANCE SHE AS AT 31 DECEMBER 2024 21 2D23 FIXED A8SErs Tangl? 8$881s Inv8Stm8nt8 4(9) 18.102.535 17,069.909 18,102,538 17,069.912 CURRENT AsseT8 AB8ets held for Salo Dobtor8 Cash at b¥nk & in hand 4(d) 12CK).C 382,094 5.580.337 3201.080 5.440.742 5,962.431 CREDITORS,. Amounts f•llJng d thln one year N•t current a8••ts (387.618) 1332.740) 5.053,126 5,629.691 CREDITORS: Arnounts falllng du• aftèr on• Or (5.(D)I (10.0 NEf ASSETS FUNDS 10 10 191201 22,959.463 23.150, 136.493 22.553,110 22,689.603 UM9¥trd The8e fingncknl oppro¥od by th• ExeLXrtK* Comrth 6 Apri I on thelr behalf ty: 2025 and $lgned Rumlt Dfrvchand 8h¥h Presldont Mlnak8hl Naron Shah Tmasuror
DouJ819n En¥dwe10.' 8c9cfj38t2s89IOH>9cCcD¢Bs3 OSHWAL ASSOCIATION OF THE UNITED KINGDOM 8TATEMENT OF CASH FLIYIS YEAR ENDEO 31 DECEMBER 2024 2024 2023 Cash fl¢)wa fyorn opor•tlng actl¥ltl•8: Net Idoflcltl In¢omo forth• r•portlng rt0 Adlustment for. Oepredalion Impalmwnt offix8d 8s89ts Inl¢ro$1 In(>)mo IlncTea8•} l Decre8S8 in debtor8 InL¥ea8e (decrg88e) Sn ugdlior3 461.001 50,013 2S2,092 $1,003 {55,058) 342.432 49.876 459.135 270,447 120.4891 (304,0891 (49.193) Not caoh provldod by opernllng •cttvlU•8 C•8h flows froTh Inv•8tlng •cdvH1. Inlerosl Iwo PUh$s8 of property. plant and equl S5.058 (3.541,721) IB8.18ffj N•t ¢a8h provlded by Inve¥tlng •clfvlll8s Cknan In ¢a8h #nd cash •qulval8Tth In th• rnportlno pèrlod Cash and ¢h •qulvakntg attho beglnnlng oftho r8POrtlTra rtOd Cash and ¢osh •qulYolents at the •nd ofthe rnportlNJ porfod 7.711 12.379.257) 5,580.337 338,153 5.242.184 3 201080 5 SBO 337
DorJJ5ign Envelope ID.. 8c9c638250944gl4A8¥Ccco3A2CBS3 OSHWAL ASSOCIATION OF THE UNITED KINGDOM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1. ACCOUNTING POLICIES The principal accounting policies adopted, Judgements and key sources of astlmalion uncertalnty in the preparation of the finan¢lal sl8lemon18 8re as follows. 8a818 of preparatlon and a88e88mont of golng con¢¢m The fin8n¢ial slaloments have been prepared under the h151orlcal costconvenllon wlth Items recognised at cost or transaction value unless olherwise stated in Ihe relevant notelsl lo th accounts. Thg financial $tet5 have been prepared In accordance with th6 Ststement of Recommended PiaGli¢e: Accounllng and Reporting by Charities preparfng tholr accounts in accordance wlth the Flnancial Reporting Standard applicable In the UK and R&public of I land IFRS 102} leffecliva 1 January 20191 and the Flnanclal Reportlng Standard applicable in the Unlted Kingdom and Republ of Iland (FRS 1021 and the ChariU&s Act 2011. The Assoclatlon constltutes a public b•n6fi1 entity as defined by FRS 102. TheTrustees ¢onsidèrlhatth8re are no matsrrdl uncertaintles aboutthe hs800iatlon's ability lo conlnue as a going ¢oncem. Tha princlple accounllng pollcles. which have been applled conslstentty, are Set out bgk)w. Consolldatlon The financlal statements represents the results of the Oshwal Asgock7tlon ofthe Un61ed Kingdom l°th8 Assoclation.). The results of Lashglow Limited and SLM Pioperti8s Limlted havo not b88n consolidatsd sinc8 these subsidiary companlo$ are dorrrAnt and sirryty &t as nominees for holding the Association's vartous propertie$. Judg•mants In apptylng accountlng poll¢le5 and key sources of e8tlmatlon uncertalnty There are no $lgnificanl areas of judgement or key SOUFces of estlmtlon uncertalnty arlslng from the Pparation of the flnanclal stslem8nts. Fund Ac¢ountlng Unrestricted funds comprise a¢¢umulaled surpluses on general funds and these are avallable for usa at the discretion of the Executive Committee In the furtherance of the general charftsble objeclives of the A5s0c18tion. Reslréctsd fvnds are those that onty b8 used for restrlctsd purpose5 wilhln the objects of the AslatiOn. Restrlclion¥ arlse whèn spe¢lfied by donors or when funds are raised for partKular restrKted purposes. Further explanation on tho naluTe and puipose of each of the restricted funds is included In note 10 to the flnan¢ial statements. Incomlng Rg$ources Incomlng resources represents the total Incoffe receivable durtng the year whlch is reGognisad on the accruals basis of 8ccounllng exc8Pt for a} All donatlons, inGILKling glft ald In Rlallon thereto. are Included In Ihe financial statements In the year in whlch they a received. bl Membership subscTiPtions. which InclLKle lrfe sub8crlplion8. are credlled lo income in full In the year they are Te¢elved, as they are not refvndable. 16-
OSHWAL ASSOCIATION OF THE UNITED KINGDOM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 1. ACCOUNTING POLICIES Iconthiuad) Education and youth aclivtty fee inccfft is accounted lor in the perv)d to whlch it relates Iwh corresponds lo the academic year from September to Jutyl. Income received In advance Is held as deferred In¢ome. Revenue and capitsl grants 8re rwnised as Incijne vthen notificn L8 received. Tho Income Is matched wth the relevant extthdituro the grant has been reNed. Donated assets, goods and seNces are induded at the value to the Association this can be quantrfied and a thlrd party is bearing the sl No amounts are indud&J In the financial $tstem8nts for SeiCe$ donated by volunteers ¥ these cannot be quantiftad. Rg8ouTC•8 Exynded All expenditure Is accounted for on an acc tAso. The Asscthtion Is not wlstsrad for VAT and ts expenses are thereforo induslve ofVAT whth Canr bo le¢48r8d. Donations are made to individuaL8 and organisalv)ns in order to fvrlher the objects of the AssoGiatbn. Donaltons made lo relief organisations are irIl1ed in the Statemnt ol Flnancial Acllvitles when approved by the Exe¢utNe Committee. The value of 5u¢h donath)ns unpaid at the year-end is acGrued. Donatlons where Ihe beneficiary has not been informed or has lo Tet certain Condtllons before it ts released are not aCcfL but nobj as finant4al commitmnts. Wherever posslble, exp8ndlture alloc81ed swificalty totho relevant activitiesforwhkh iti$ Aicurred. Where costs cannot be dlrecdy attributed thw have althaied to aGti¥it on a ba51s &sIsnt wllh the use of the resou. Flnan¢lal Instruments The ASsociat)n onty has finandal assets and financial liabilbties of a kind that qualify as basK financlal instruments. Basi¢ financial instruments are initialty entsed at transactton value and subs4uenUy measure(18t their settthont valu•. Inve8tsnents Investments subsklmry undertaklngs we included in Ihe finan¢AI statents at cost less any proviskjn for dlminutlon in value. Tanglble Flx•d Assets Tangibb IL¥ed assets are sts at cosL Th• ExUl1v Comnllttee consiler that the funGflonal fr08hobJ buldings are malntained in suth a stat8 of repair that their r8$idual values are al least equal to their r1 book value. No depwialion has been charged as the lfves of these building5 are GonsKlered to be so bng and their residual values so high that there 15 no svdnificanl annual dew*tw)n. No depTeGi8tJon is prcmded on free1j larKI or the Derasar. An annual lrnparrment review Is made. in aCcLYda wlth Iha requinnents ofthe Charitigs SORP FRS 102. to ensure that the recoverable amunts ofthe assets wo not INer than their current values. 17-
Dorjgn Envelope ID.. 8c8C6382S89489?-8A8>9cCCO32¢B53 OSHWAL ASSOCIATION OF THE UNITED KINGDOM NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 DECEMBER 2024 1. ACCOUNTING POLICIES (conllnuod) Depreclation is charged on c05t al the following rates so as to wrlte off the cost of each asset over its estimated useful e¢onomK Ilfe. Freehold PTQPèrty impTovem8Thts- 10Ok Straight Ilne ba816 Other ftxed assets - 20% Slralghl line b8$ls Dlsposal of freehold propety Is recognised in the financial statemtsnts when signlflcant risks and rewards of oWnehIp have b88n tranSfed to the purohaser., thi5 is on legal compl8tlon or unconditional exchange. There has begn no ¢Jisp0s81 of freehold proporty in 2024 or 2023. Debtor8 Other debtors are recognlsed al the settlement amountdue and prepayments gre v8luod at th• •mouDI prepald net of any trade discounts due. a8h at bank and In hand Cash al bank and cash In hand In¢lude5 ¢a8h and short term highty liquid Investments wlth a short maturity ofthree months or less from the date of a¢qui5ilion or openlng of the deposll or similar awunt. Credltorn Creditors are normalty recognlsed al Ihelr $8ttlem8nt amount. Accruals are valugd al the amount ac¢rued net of any trade dlscounts due. Deferred Income is racognised where amounts receed relate to future periods. Current As8et8 held for sale 5840 WirMill Road, South London property Is now going to be sold and 80 rf( has bew moved from Fixad As80ts to Current Assot held for 8818 nel of Impairment 18
Docudgn Envelo1. 8C638D-2S8948914A8>9cCC03A2CBS3 08HWAL ASSOCIATION OF THE UNITED KINGDOM NOTES TO THE FIPIANCIAL 8TATEMENrs FOR THE YEAR ENDED 31 DECEMBER 2024 INCOME Total 2024 Totsl 2023 Unrestrlct•d R•8trlGt•d (•) DonatlonB D8ra8&r Mointenanco Def88ar Pr811mB (Murtl) renov8llon Jlvdaya- Anukampa Gen8r81 08hwal Wallarn Fund ParyuBhan Earth4ufjkei Appeal Bhandar Rellglou8 (uncllon$ Glft Ald 0,329 30,018 29,252 6,329 30,018 29.252 45,038 45,528 133,834 18,970 43,710 49,468 129.2S6 10,e02 40.248 107.203 81, 45.038 45,528 133.834 39,998 143,198 94,178 39,998 143,198 94,178 601772 Durlng 2023, doMllons In¢omo lotaliad £479,308 ofwhlch £27,879 wa8 roilrlcled and £451,429 w88 unre8lrlcl•d. Ibl Fundrnl8lng •¢tlvm•• Cultur• & horltaqe progr•mm•8 W•ll•Te pfogramrn•B 145.718 31,098 146,718 31.098 127,814 0,347 176816 Int•rnalfon•l Wom8n'B Doy InLs)m9 8htr¥Yb 8?p8ralely In 2023 h&8 now b8•n d16¢1068d under Cullure and h8rllag• progr8mme61£7,292 2023 flgurei have been re61aled). 178 818 183 181 Ic} Publlcitlons and 8undry Publlcgllon6 21,285 21,285 19,230 21 Idl Charltabl• ¢tlvltl•• Edu¢8tlon Fe08 Progr8mm•6 49.07B 1,310 425 420 09,071 69,071 50,985 Oth•r Chorltsbl• act115 Marrfage regl$lfallon yOh aetlv11108 3.614 91,024 3,S14 91,024 0,020 91.581 163809 19
DOcu9n Envelope ID.. aC9c6392&8891AB3-gCCCo3A2CB53 OSHWALAS8OCIATION OF THE UNITED KINGDOM NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 DECEMBeR 2024 RESOURCES EXPENDED Total 2024 Totsl 2023 Unr•8trl¢tsd R••trlctsd lol SoclBI and fundrnl•lng aetSvbtit• WeNar• progr•mm88 Culture and Herstsgo Admlnlstrallon o)8t al1¢Xaort 34,209 34.209 80,044 18.102 80.481 42,513 22,087 18.102 125 OS1 International Wcm•n'8 day oxpgndlbjre Bhewn 1oparat•ly In 2023 hu now bo¢n dlBcloMd und•r Cultur• aTrJ h8rllage1£7.088 2023 figuN• hw8 b•en wtatsdl. (b} PubllcNtlon8 and •U+KIry Publ110n8 WehSle Adminl8tr•tlon co•t allDcatton 32,573 1,116 18,102 32.673 1,116 18,11Y2 33.239 1,408 22,087 Ic} R•llglou• Ind Jln•hy Paryushan Jlnalay admlnl8lrnllon •nd malrft•nm othor r•llgtous fundoThB Admlnlgtralknn cog1 lllocal 84,W27 S7,444 39,994 32,204 84,927 83,773 39,994 32,204 85,368 57,849 38,176 44,174 8,329 214689 206 387 Idl Educlltlon Toachof$ 4ll¢ywhnc• Cla$8 hlr• PTogtsmrno•, book• 8 motoflol, 8¢c 25.877 37.121 6,140 26,877 37.121 8,14e 21,228 26,928 3,2e8 101 DonAtlon• jday8- AnukAmpo E8rthqu8ker Apwl Ba5no1 G8un School Ngpsl Oth• 48,400 10.802 1,407 Durfng 2023. donoOn6 modo tot4H8d £80,409 olwhkh £1,407 w8b unro8trfctod and £69,002 wa$ r8Jlrtc¢•d.
Dru9Th Envelope ID.. 8c9co38f2S89l-8A89CCC03A2C8S8
OSHWAL ASSOCIATION OF THE UNrrED KINGOOM
NOTES TO THe FINANCIAL STATEMENTS
FOR THE YEAR EP4DED 31 0E¢EMeER 2Q24
RESOURCES EXPENDED Icontlnuqdl
In
Prop8rt188
2024
2023
Sakrs and NIC
cour11 tax
71,3e8 -
14.969 -
107.183
88,217
13,301
118.e57
121,478
154,633
48.267
22.311
4s9,135
mlntslratk Cost 8lloeAtk)n
Repalr$ and malnt•nan¢e
losur8nc8
South London R8nt41 Co$1
OepreoaloTr Contr•1 and
278,848
43.547
12,orMi
252,092
1 (Y)0 089
Igl
Managemont 8 Admlnlstratlon
2028
Printi, po$lag8 81)d •taOnery
6ank thgrge$
Salarts$ #ThJ NIC
Tethnology and #Of¥&re eypense8
Tel&pln9 fthg and broadband In81818tn
R and S8euiity swwtés
Ath11t f885
L¢901 Costs
è186llrq exwses
4.385
10.648
75.585
3,462
9,456
109.7£6
5.512
8.870
8.850
27,450
13,652
33.951
9.019
2S.186
12,463
15,759
Managmnt 8nd odrrthisiraim c4sts hav• 0ft allc
Doalgr¢ Envelope ID.. 8C9C636ts25BH891-BAB3-gCCC03A2C853 OSHWAL A9SOCIAnON OF THE UNITED KINGOOM NOTES TO THE FIMNCIAL 8TATEMENTS FOR THE YEARENDED 31 DECEMBER 2024 4. TANGIBLE FIXED A8SET8 FT•?hold Fun¢lloNI Land and F¥wh•ld Property lrnprov¢. pts Egulpm•nt •ndUtsn&llB DBv•lopmqnt C0918 ear Cumpl•x lal COST As 811 Jwnwy 2024 Additton¥ To A8set5 for Sel& $3s,eDJ IB37.316 2,S27.4 9 945,e86 4357.054 070.473 401,844 8,751.214 1,291354 33,932 22.835,2 3,S41,721 2,S27.4 DEPRECiATION OR IMPAiAMENT A8 811 Jenu¢ry 24 27D.447 Ch8rge ftrtheyear ToA¥sd6 for Sak As 8131 Decemb¢r2024 4613.097 248,181 401.844 5.$69,357 252.092 0.447 5,831 .44 NEf BOOK VALUE As a131 De¢ember202A As at31 December 20rJ 6 7fj1214 Ib} Thg n8tbgd(valll85 ofthèlMehDld fvndoTh81 Ipr ar trvJhllrg6 cemprlw. Proport10& hold In TrEwI by Lashglow Umll•d 08trw81 House A8sarTW Oshw81 Ekla centr8 08fMal Sh8kll Centre 2024 1.540.178 18IZ791 2,411.375 $44.OD6 7.lQO.3S0 1.610.178 2.611791 2.411,375 544,006 7 108.$50 Oslhv81 shar I $8•noto 4(d) I bd Prop&rfy held In Twust by Rumtt8h•h ¥nd iaimkehl 8h•hforOshwal AMoelwilon of thè UK wIng10n Sports &Sodo1 C 2,267,Q03 1887 316 9 365 ¥SJ The Exerxbll¥e Comm•e •ro ol thB that ts matknl v4lu¥ ol IlkB freohok1 ftsnEIIDnal properfkj les$ Iln book vplue8131 D8C8mber 2024. (¢1 ofnd bllok lolfreehd pmpwtylMproviierts.' 8t 31.112023 AddlV•nty durlng 2024 Il•precltttlo chargfr In ZQ24 8th¢•41 Jt.112024 A%rnb Halls 08hw81 House 08tw81 Ekts CentrB 08hwBI $hakU ctnire 26,842 449.BOg 4SI,2SB 26,842 99.316 121.004 17.52 369,114 330.264 686.901 852,953 $70 473 240 161 ldl Propty hold1rt7nJ¥i by SLM Proportl•8 Llmlted Shonil CentM- 5&80win¢mNI Rty8d Lorthn Impaknenltn Iheye 2,257,OD3 57.ODY 1527,450 0.447 101 Polonttal PrtoryewrAdluslm•nt Th8 Ilu8$ are currentty Tevièty tho ¢o$ts caplalsed ba488 2017 10 2020. Poknllally wèpali$ of hppr0malety R1.1 mllllc lo the dom¢ h8ve 14p10sed In error. Onc8 Ihe ¢Lynptstsd. thorB WMI bè a prfor >ir adjustra of Ilas am01 In 2025.
Do(19n Envelope10.. 8C9C638W894891-8&9cCCDts2cB53 OSHWAL ASSOCIATION OF THE UNITED KINGDOM NOTE8 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 21 DECEMBER 2024 INVFSTMENT IN SUBSIDLARY UNDERTAKINGS 2024 2023 At cosl Th8 Assooalion own5 100% or the18sugJ ordlnary share eapft810l Lashtyow umK8d and SLM Prope8$ Limited, ¢omp8nleB re9iSt8r•d in ErKJland and Wales with Company numters 01651206 and 11630794 respecbv81y. The hohs Irgehthj propertles as a nomin88 on b8hall oflhe A88waticn. They have n¢1 traded Itr current or the previous year. The post or prè8•nt olfie• bearers of the As&oThatiiyi we ¢Jlreciors of LaslvJlow Llmitsd and SLM Properfjes Limlt8d. The results ol L85hglow MI*d and SLM Pfoperties Limlled havo ntstba•n congd#Jated ¥ince Ihe9e subsidlary ¢ompanies were dormant durirya th8 currènt and pr•viou5 yèar. Minakshi Shah and Minesh Shah are ihg dir8Ctots of b)Ih the c<Jwyanie¥ 6. DEBTORS 2024 2023 Other dèbtors Prepayments 9,89) 29.772 85.2 296.795 7. BANK AND CASH 8ALANCÉS 2024 2023 Cash ot b8nk Cash in hancl 3,200,834 248 5,th),267 3 201080 CREDITORS.. Amounts falllng dug wtthln ono 2023 other crédrtors Hall hlre dèposlts Aecruals and dèferred 24,501 161.9SO 201.185 28,821 152.401 151,518 At 31 O¢eambor 2024 total delerrgd income amounts to £119,02512U23 £101.3761 IneiuO8d hv(thln def6rre(I Incomo Is renlal Income received 2024 WlllrwJ £15.55512023- £22,2eo}, rèlotlrvJ lo hall hi for evènts wll take 8¢? ift 202S. 9 CREOITORS: Amoutrt8 falllng dafter morn IR onB year H851 hlTe deposits
Oow&gn Envelope ID.. 8C9C036r>2S8W4891-8AB&gCCC03A2CB53 OSHWAL ASSOCIATION OF THE UNITED KINGDOM NOTES TO THE FINANCLAL STATBMENrs FOR THE YEAR ENDEO 310ECEM8ER 2024 9. RELATED PARTY TRANSACTIONS Th8re no rBlabJ pArty nsaCtI)n1 the ¢urroniNprIorr. 10. FUND8 {•} Analyil• of lundo 88l•nco 01 31.12.2023 Movomonts lrt 2Q24 Ouioolng B•lancè at 31.122024 InGomlng Trnnsf8r8 Restrtcted Fund$ Dornsar Malnt¥n8nL 1111 Der89or PraUm Renovatbn (iTh) JNdayo. Anukwnpa Fund lfvl Rem Fund Iv) Jamnagar Medal Comp Ivll M•¢¢hu 8trr*a School 1¥511 Watsi FllteT Ivllti Swamlval&atya lor Indlj (t41 Ropurposed for Mgdlcal Resea 4329 30.018 29.252 (8.3291 30.018 101,914 14.5621 6,445 23.589 8.649 7.618 8.452 5.516 23,589 7,618 8,452 5,516 136,493 22 553 110 85.593 1865 786 110,8911 1.459433 1470 324 191.201 22,959 463 UnreBtrfctsd Fund• Total Fund$ (Q D•rn8ar Malntenanc•: Th18 comprls88 dIatIOnS raceAved for the 8cl¢ purp098 of colts relalino lo the malnlenance of the Derasar. (111 0gra$ar Pratlma Ronov4tlon: Thls comw8e¥ donatlon8 recefved for the spgcffic purpo8e of palntlng and updating the Prattma¥ In and ground the Derasar by sppciallsts {1111 Jlvdaya - Anukampa Fund.. Thls Gomprl8e8 dOnaonS recelved for the spedffc purposè of Improvkng the welfare of dOmlICated anbmals And Ihe vulnerable Sn the communlty. I) Rollaf Fund.. Thlg comprlses donallon8 received for the 8pe¢lfio purpose of w0vidg assiBlance lo th vklms of natural calpmKle8. Thi8 Indude8 fund$ colk8cted for the Kenya appeal in relatlon lo the lerrorfst la¢k In Kenya. Iv? Jamnagar Modl¢al Gamp: This comprfs85 donations re¢ONed for Ihe Jamnagar Medkal Camp. Ivfi Ma¢chu Beraja School: TN$ comprlses donatk)ns reeefved for provldlng educallon lacllliies al Macchu Ber&ja S¢hod. Ivll Watsr Flltgr: Thls comprlsgs funds recelved for InstallaOn of hot & cdd drlnking watgr equlpmenl al Ihg Oshwal Centre. I[1 8wamlvatsa5y8 for Ind[•: Thlo wa8 fvnds collted at Paryushan Ythere 50% w88 to be uliH8od for food In India for tha needy. IW Repurpo$od for mgdlcal R060arch: Covkl furKllng balance was repurposed for medlcal re3ea¢h
Down Envdcy1Tr. 6C9C63eLk258489l-8A>K¢cD3A2CB55 O$IW4AL ASSOCIATION OF The UNITED IUNGOOM NOTE8 TOTHE FINANcL STATEMeNT8 FOR THe YEAR ENDED 31 DKEMBER 2024 10 lal Armtysls of Funds Conllnuod - 2023 31.1120 (Xrtgolng T•15 31.112023 R•gtrktgd Funds Dwasar IAèinloTh8n¢o 1111 JWya-Anthnpll Fur#1 Rèll81 Fur1 (NI Jamnagar Medt¢al C•n Iv) Ber40 sthoL4 Ivll wa Fthr Ivlll ShAt$9 forlrtrJl8 R¢pu* fmloI Rog•a
)7 16.970 108.654 {48.400) 77.224 5.445 23.589 8,649 7.818 8,452 5.516 649 7.018 8,452 5.516 lo2 {10.e4J2) 167,923 159.xfjl 130,493 553.110 UnT•8trlctgd Fund8 Totsl Funds 1878.015 10 Ib} Anw ofFund• ty N•tA•g•1•.2ty14 Net Cuffent Funds 2024 Funda 2023 A880ts Restrktsd Fund9 g0.Of8 101,914 5.445 23,589 30.018 101.914 JivdAya-Anukwnpa Fw Rolbf Fund Jamnagar Pledk41 Can4) M8c¢hu &¢¥a ScoL4 Watsr Fltor 77.224 S.445 8.649 7.818 8.452 7.618 8.452 7.818 S.518 Swamts8 for In 191201 191.201 136.493 21959,463 22.553.110 UnT•Strf¢t8d Fund& 18 102 538 18 102 538 10 (cl An•19 of Funds ty Ilot Ag•rfs- 2023 Total Funds 2023 Natcurrgrt Fund 2022 R8thcl•d Fund8 JNWO. FUNI Rolkf Fund JamnagorlAedleal C81110 Macthu Bwoja S¢hool Wakr Hter Repyrp08ed for Mod[ Re899th Swaml¥atsJtya for Ind 77224 SA45 23.589 77224 108.854 5.445 8,049 7.818 5.516 8.649 7.618 5.516 S10 136.493 136.493 21553,110 167.W23 22.471867 Unrestsl¢tsd Funds 17 Ce9.912 17 819
Oows¥Jn Erw•lLV10.. 8C9C638D-258W914AB>gCCC03A2C853 08HWAL ASSOCIATION OF THE UNITED KINGDOM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 11 NET DEBT At 1 Janu•ry 2024 Cash IIow8 At 31 D9cgmb•r Cash at bank 5 580 337 2 379 257 3,201.080 12 FINANCIAL INSTRUMENTS 2024 2023 Flnandal a889ts mea¥ur8d al amortised rnsl 9.890 85.299 Flnanoal liabilMl88 measured al amort188d cost Ftnancl81 a8$819 mgasurgd al amortlsed cost comprl8e trade debtor8. a¢¢ruod Income and other d•btorB. Flnanaal Ilabililles measured al amorllsed ¢ost¢ompd¥e of attrual$ and olh0T CreIl0r8. 392,616 342.740 13 POST BALANGE SHEET EVENTS Shakll Contro refurblsh¢ment L8 awectsd to bè Gompletsd In mid 2025. Th8 8818 prtce of£2.2 mlllion has been agreed th the current198seholders of WindmS11 Rood. Croydon prop8rty. We ore ¢Lwrenlty going thTough thglegal proce to complate the $ale 88 soon as wssibl&. 14 RELATED PARTY TRANSACTIONS Reigled partios knclude charlty trustses arbd dose rei•llves. Donation reCeId dudng th• year from related partles ar8 a8 bg1(M'. 2024 2023 Total Donation8 received 13.612 11.655 16 CAPITAL COMMITMENT Al 31 Docombor 2024 therg was an outslandlng ¢ommllment of £369,650 Véllh r88PgCt to Shakll Centr8 TedeVelown.