REGISTEI RED COMPANY NUMBER: 10612051 (England WAles}
REGISTERED C.HARITY liUMBER.. 1172517
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST DECEMBER 2022
FOR
BRANDON HOUSE LIMtTED

BRANIXIN HOUSE LIMITED
CONTENTS OF THE FtNANCIAL STATEMENTS
FOR TFIE YEAR ENDED 3 1ST DECEfvIBER 2022
Pag¢
Rq)ort of the Trustees
1104
Report of the Independent AiidilO]
5107
Slatelnent of Financial A¢lÉvjti¢s
Balance Sheei
Statement of C2sh Flows
10
Notes to the Financial Siatements

BRANDON HOUSE LIMITED
REPORT OF THE TRUSTELS
FOR THE YEAR ENF)ED 31 ST DECLMBER 2022
The Trustees, who are alsD dire¢iots of the Cliarity foj'the piiiyoses of the Cotnpanies Act 2006, preseni Iheii rewrt with
the fin&ncial statements of the Charity lor the year ended 3151 De¢¢niber 2022. Tlie Tiiisr¢es have adopted the p￿VisIOnS
of Accoiinting and Reporting by ch￿ItIeS.. Statement of Re¢ointn¢iided Practice applELablv lo chai'ities prep&ritJ8 their
accounts in accordance with the FinancTal Reponing Standard Rpplicabl¢ in the and Republic of Iirlaiid IFRS 1021.
OBJECTIVES AND AcfivITICI S
Objectives and aitll5
The ¢hariiable company's purposes, as set out in th¢ Objects clause coniaihed in the CoEnpaiiy's Meinorattdum of
Association are..
to advance the Aksliar PU￿shO(laM sWa￿JnardYan d¢nominatiott of tlie Hindu ]rligion based upon the le2chiny5 and
principles ot Bhagwan Swaininardyan. and lo fv5ter tli¢ pi'aclice and worship of th¢ Akshar Purusliotlatll Swaminardya
detLOtninalioJi of the IIindu Irligion as revealtd by Bhagwan Swamin*r&ydn.'
2. preserve at]d safeguard the health of all persons and in porticular of young persons who aye ii) dangeT of becomiiig
addicted lo or dependent upoii illegal drugs ofany des¢ripiion. alcohol. solvents or othe¥ addictive siibstances. advatice
educalion for the publi¢ ben¢fit'
3. promote community particEpation in healthy recrtation 50 as lo develop parti¢ipanis' physical, mental aiid spii'itual
eapa¢ities' and
4. for those purposes M'itliuul pi'tjudice to the generality of th¢ foregoittg* to allow otkner charities haviiig sitnilar objects
lo occupy any of ils premsses at nominal or market ￿￿t.
Ovr aims fully retlect the purpos¢s that the Charity was Set up to further.
The Chai'ity seeks to meet its aiffts and objectives by pertodically doiiatirtg 5UTplus funds lo other ¢haiities which promote
and deliver the 5am¢ aims and objecliyes su¢h as Bo¢has&nwa5i Shri Akshar Purushottam Swaminarayan Sansth& (BAPS)
or to its paient charity. Nilkanth Estates, who share tht same aÈms and objectiv¢s.
Aehievemettts in th¢ year
Durijig the y¢ar, the Chaiity continued lo receive retitsl income from the lettirsg of its industrial units and pi'ovided part
of its buildings at a peppercoi'n rejit for use by BAPS foT Its ChAr￿table purposes whi¢h are similai. to those of the Charity.
The Charity also pllr¢hased a Iiew prtspErty the year. The itEcom¢ g¢nerated from lettit)g this property in future will
Contrib￿te lo the furtherance of Charity's aiiiis and obje¢tiv¢s.
Ensurithg ouy IvoAc delivers our Aln15
We review our ainis, objcclivcs attd activitiES on a yeaTly basis. This review looks at wh*t we achieved and the outcomes
of our work ill the Clirrent period and to continue the rcvicw on an ongoing basi5. The I'cview looks at the siiccess of ea¢h
key activity and the benefits they h&v¢ brouglil to those groups of people we al'e set up to hclp. Th¢ i'eview also Iielp5 US
ensure oiir aim, objectlV¢5 alld activities iEmain fo¢used oaj oui. stated puTroses. We have refen.ed to the guidance
containcd in the Charity CommissioTr's geneial guidance on public b¢nefit when ¥¢viewing our airn and objectives artd
planning oui. fiiture activiti¢$. In particular. the TTUStees considei. how plattned aGtivitie5 will contt'ibute lo tlie aims and
objectives they have set.
volu￿tter$
Volunteers are an important resource for th¢ Charity and are involved in all of our activities. The Trustees also give their
time freely.
Page I

BRANDON I.IOUSE LIMITED
REPOR'f OF THE TRUSI'EES
FOR THE YEAR ENDED 3 1ST DECEMBER 2022
FINANCIAL REVIEW
Finaucial review
The Siat¢Tnent of FIn￿l(la1 A¢tiviti¢s {SOFA) Shows net InCOEnEng and out8oiMg resources for the yeai..
During the year, the Charily l?ad a n¢1 in¢onie before gain on revaluatiotl Df investment properlie5 of £7.550.96312021..
deficii £226,683).
As at the balance sheet date. the Charily ha5 tiet fiillds of £11,015,33612Q21.. £3.464,373}.
The Trustees have %isse$sed the going concern risks to the Charitable C.onipany and have concluded tliat..
financial projecttons indicate that the Charity will Continue to meei its liabilities as they fall due over the next
twelve months from th¢ date of approval otlh¢se financial 5tatemeiits.
The Charity'5 Pafent uttdertakitia
Nilkamth Estates, has confimied that if iEquir£d, it will make available such
funds as are needed by the Charit8ble Coinpany for the period cov¢red by the forecasts.
These fore¢asis ale based on full rents iesuining afte¥ the iemp012ry ¢on¢¢s5ion due to the pandemic. as well as th¢ a81.eed
waiver of loaii interest fron) l JalluaTy 2023 by N11ka￿1th Esl&tts on its loan to the Charity, which Nilkanth Estates has
¢onfimied will not be repay&ble until at least one year froin 31 Decembei. 2022.
In light of th¢ abov¢, the Chariry does not ￿lIeve they¢ io be a material un¢ertainty legal￿1th￿ tls going con¢¢rn.
Pi'incipAI funding sourte5
The Chartty's act&vilies 2re mainly financed by funds raised through rental in¢ome, voluniaiy donaiions and financial
suppoit from its paY¢iit, Nilkanth Egtaies.
Reserve5 policy
The Trustees i'eview tlTre ReseTve Policy annually. ThElI' policy is to hold sutTicitnt cash reserves lo meet the operating
costs of th¢ Charity whi¢h aTe minimal and in r¢spe¢t of premises costs of the piY)perty used by BAPS for charitable
PUIFQSES. Surplus funds fi.vtn dunations iind iEn¢31 illCQTn¢ accuniulaled and L15¢d foi. the f￿[th¢Tance of lh¢ Charity's
bjedives.
STRUCTURL GOVERNANCE AND MANAGEMENT
Governing docuEllent
Br#niEoii House Li2nited is a registered charity (number 1172517) under the ChaTlties Act 2011 Es a Gharitable
oigani5alion InCQTporaled in England on 9 February 2017 a5.a compally liinited by guiuTrntee Undu Compally number
10612051.
Th¢ Charity is ¢ontrolled by its 8ovemitig doc￿l￿ent. Memorandum and Arti¢l¢$ of Association.
Page 2

BRANDON HOUSE LIMITED
REPORT OF THE TRUSTEES
FOR T14E YF.AR ENDED 3 1ST DEC.F.MBER 2022
REFERENCE AND ADMINisfiL4TIVE DETAILS
Rogi.stered C'o]npitlly ljltmbei.
10612051 (England and Wale5)
Registered Ch#rity number
1172517
Registei'ed office
104 Colleg¢ Road
Harr(Iw
HAI IBQ
Trustee$
Mr K Bhattess
rth Y M Patel
Mr J M Patel
Di. M R Shah
Mr H V Patel
Hotelier
Compaay Director
CoTnpat)y Dij'ecloi.
Do¢toi'
Company Director (Resigned on 14104120221
There ar¢ five Trustees in post duying the ytrar, and four at the year~end. and they have i'esponsibility for meding the
obligalions of the ChaTIty.
All TrusÉees give their lime voluntarily and receive no r¢inuneration or benefits from tlie Ch&i'ity. As the Trust¢es are the
key manag¢in¢nt personnel of ihe ChaTity and are not i'emunerated, there is nts remuneration policy for key managemenl
personnel.
Under the requirements of the Articles of Association of the Charity, the current Ti'ustees may appoint llew and additional
Trustees, (subject io a maxiimurn of five Trustces at &ny timel by passing of a L"e501vtion at a T￿￿tee5, Ineeting. Eaeh
trustee shall hold oifice for Ali Illltial term of tliree years, renewahle by re-&ppoantment for furthei. terms of thi'ee years.
Existing Trustees may prowse the appointment of new Tn￿tte$, however. any such appointment requires api)roval by
BAPS India.
Subject to artÈcle 20A. tfi¢ Trustee5 tnay apPo￿￿t new and additiotjal Trustees by a resolulion of the Tni$t¢es passed at a
Trustee meeting. These individuals work alongside existing Trustees for a pti'iod of three years before being consideird
foT appoinlnient. Ongoing train￿ng is re¢¢ived by the Trvst¢¢5 tIITough attet]dance at courses and being providcd with
rel¢v&nt iTrforination fi'om various resouwes, as requiird.
Auditors
MHA
SixÉh Floor
2 Lot]don Wall Place
Loiidon
EC2Y SAU
Page 3

BRANDON I IOUSE LI￿lITED
REPOR"I' OI". THE'fRUS'I'LES
FOR THE YEAR ENDED 31 ST DECEMBER 2022
STATEMENI, OF TRUSI'EES RESPONSIBILITIES
The Ti'iislees Iwho ali also the directors of Brandon House Limited for the piirposes of conipany laivl aiE responsible for
preparing the Report of the Trusiees and Ihe finan¢ial siaieiiienis in a¢¢oiYlan¢e with applicable law and Uiiitcd Kin¥dom
Ac¢ouiitin¥ Standards Iuniled Kingdom Generally Accept¢d Ac¢ounling Ptacli¢¢l.
Company law requires the Ti'usltts to piEpare financial slalemellts for each financial year which give a tl'Lie and fair view
of the stale of affairs of the chai'ilable company and of the incoming resoui'ees and applicalion of resouires, including ihe
income and eYp¢ndiiui-t, ofihe Ghariiable company for that pei-iod. In prepai-ing 11105¢ financial 5tatemeii15. tlie Tru5tee5
ir iYqiiire(I io..
select suitable accoiinting policies and then apply them consistently.,
observe Ihe meiho(Is cind principles in Ihe Charity SORP.,
make judgtin¢iils and ¢5tirnate5 tliat are reason&ble and prLident'
prcpare the fiiiancial statements ot] the going conccrll basis unles5 It is ijiappropi'iate to presume that the charitable
company will continue in b115inesS.
The Triistee5 are responsible foi. keeping adequate accoiinling Ircord5 whicli disc105e witli reasonable accuracy at any
liine tlie financial posittoti of the charitable conipany and to cnable them to ensurc that the financial stateinents coinply
with ilie Compaiiies Act 2006. They air also i'esponsible foi. safeguarding Ilie assets of the charilable company aiid hence
for taking ￿aSOnable steps for the prevention and dete¢iion of fraiid and other irregulariii¢s.
In so far as the Trustees are awair..
there is no relevant audit information of which the charitable company's audito1% are iinaware., and
the Trustees hove lakeii all steps that they ought io have taken to make themselves aware of any ￿ levatjt audit
informaiion and lo establish Ihat the allditors are awaiT ofthat infomiarion.
AUDITORS
mie auditors, MHA, will be proposed foi. re-appoinlinent al the forthcoining Annual General Meeting following their
appointment during th¢ year..
This Irporl has been prepared in a¢¢oi'dan¢e with the special provisions ol Part IS of the Cotnpanies Act 2006 relating to
small companies.
Appvoved by order of the board of Trustees on ......
and signed on ils behalf by..
Mr Y M Patel - Trustee
Page 4

BRANDON HOUSE LIMITED
REPORT OF THE tNDEPENDENT AUDITORS
FOR THE YL-AR Eli.DED 31 DECFdMI BER 2022
Opinion
We hav¢ aiIditcd the financial statements of Brattdon House Liniited (the 'clicirÉtable cotnp&i)y') for the year ended 31
Deceinbei. 2022 which Comprisc thc Statcmcnt nf Fiiiancial Activities, the Ba]ance Sheet, the Sialeinenl of Cash Flow5
and notes lo th¢ financial statemenls, including a suittmaiy of sigiiifi¢aiit a¢countFng policies. The financial reporting
fratnework that ha5 bEen applied in Iheii. preparation is &pplicable law alld United Kingdom A¢coutttTng Standards,
in¢luding Financial Repoiting SiandaTd 102 The Finan¢ial Reportiiig Stand2rd appli¢able in the UK aiid Rq)Iiblic of
Ireland (United Kingdom Gencrally Aecepted Atcounting Practice).
In our opinion the financial statenienls..
give a true and fail. view of tlie state of tlje clJ2rilable ton1p&￿y'S affairs as 8131 Deceihbej. 2022, and of its in¢oming
resoui'¢es and appliralion of resources, in¢liiding 115 incol￿e and expenditure. lor the year then ended.
have been propei'ly prepared in accordance with Unit¢d Kingdoni Generally A¢¢epied A¢eountill8 Practice,.
have been prepared in accoiylance with the requirement5 of tli¢ Cotnpanies Act 21N)6.
B%t515 for opinio
We cottducted oui audit iii accordance with Intemational SiaJdard$ on Auditing (UK) IISAS {IJK)l and applicable law.
Our responsibilities under diose stai)dard5 aTe fuilher described in the Auditor's Respottsibiliiies foy tlie audit of tlie
rinancial statetnellts section of our iyport.
We are independent of the charilable ¢omp&ny in accordance with the ethical requirements that al'e relevanl lo our audil
of the financial statements ill the UK, including the FRC'S Eihical Standard, and we liave fulfilled our other ethical
rttponsibilÉtit5 accoi'danc¢ with these irquir¢Trients. We believe that the auditevidence we have obi&ined is sufficient
and appropriate to providE a basi5 for our op￿n10n.
Conclusions rel#tiTLg to going coneerN
In auditing tlie ftnanctal statements, we bave concluded tliat the Tru5tees' use of tlie goiiig ¢oiicem b&si5 of ac¢ounting in
the pirpaFatioti of tl)e financial statements is appropriale. Ourevaliiation of tlie Triistees, assessmentof the entity's ability
lo continuc to adopt the going concem basis of accounting included crilital revi¢w5 of expected itiv¢stmeni in¢otne and
assuiHnces piovided by the cJ)aritable ¢ompaiiy's pareiitctkmpany, Nilkanth Estates, to pl￿vide financial as515tat]ce should
it become requii'ed.
Based on the work we have performed, we hav¢ not identified any material uncertainties relating to evenrs oi. Conditions
Éhat, individually oi collectively. may cast signifjcant doiibt on the charitable ¢ompany'5 abrlity to conlit)kie as a going
¢on¢ein for a p¢riod of at least twelve months Fro￿ when the financial 51atement5 aTe ailthorised for issue.
Our responsibilities and the Irspon5ibilities of th¢ Ti'ust¢es with respect to going ¢oncei'n are described in th¢ relevant
seclions of this r¢port.
Other Information
The TrLlStees are responsible for the other illformBtian. The other informatiL)n ¢ompris¢s the information included in th¢
annual repoi'l, otlier tliall the financial siatemenrs and our auditoi s i'eport Iliereon. Our opinion on the financial
statements does not cover the other Enformatiort and, except to the ext¢nt otherwise explicitly stated in our report, we do
not ¢xpress any forni of assurance ¢oo¢lusion thei'eon.
tn connection with our alldil of the finaneiAI statements, oui. resportsibility 15 to read the other infonnation and. in doing
50, coiisider wlietljer the otlier infortmation 15 materially thntOnSi5tciit with the fJnan¢ial statements or oui. knowledge
obtained ill the audit or othenvise appears to be materially misstated. If we Identify such malei'ial Enconsist¢n¢i¢s or
appai'ent material misstatements, we are r¢quired to determine whether there 1$ a material misstateiThent in the fJiianGial
st￿tel￿entS or a material misstaternent of the other infoi'malion. If. based on the work w¢ have perforjned, we ¢on¢lude
that there is a tmaterial Inisslatejnent of this otlier information, we are required to *q)ort that fact.
We hav¢ nothing to report in this ￿gard.
Page 5

Opiiiions on otliei. mntters prescribed by the Companies Act 2006
In oui opinion, based on the woll( iii)dcrtaken in the Cou￿¢ of tlie aiidit..
the intormatioii giveii iii Ilie Twstee5' IEPOJt lincoipoiwtii)g the DEI'ecioi's' rei)oitl for ilie fiiianeial yeai. foT wliiel
the financial statejllellts are prepared is consistent with Ihe financial stateillenls. alld
the Tftistees, report liiicorpDrating the DEre¢lors' iepoitl Ilas been ptrpared iii accord￿Ce with applicable legal
requirements.
MAtters oil wliielj wt xie required to report by exception
In ihe light of our kttowledge and undersi&nding of the cliariiable Company and lis enviiDnnien¢ obtained iii Ihe Course of
the audtt, we l)ave iiot ideiitified Inatei'ial InEs5tatei￿¢nts in tlie Difectors, ￿polI,
We have nothing to report it) iespect of the following matters in relation to which the Companies Act 2006 requirE5 US to
repf)rt to yoll if, in our optniort..
adeqLiat¢ accounliiTrg re¢oiYls hav¢ not been kept, oi. re￿rn5 &deqiiate for our alldil have noi been received from
bi2n¢lies iiol vtsiied by us, or
the fI￿anCial statements are iiot in agreemenl with the accounting records and reluins. or
certain disclosures of Diirct015' Irinuneixtioii specified by law ale not made., or
we have not r¢¢eiv¢d all Ihe inftirniation and ¢xplanations w¢ require for our audil; or
the Trustees were i)otentitled to prepare the fuianci&l staleLIICEils in accordance with tl)e sn]all conipaiEies' regime
and take advantage of the sittall ¢ompanies' tX￿nptions in preparing tli¢ DiiE¢lors' r¢poi% ond from the
requiremellÉ to prepare a slrale¥ic repoit.
Responsibilities of Tru5te¢s
As explaiiied more fvlly irt the Tiiistees. responsibilities st2tenient inclllded ITh Élle Trustees. Annual Rep011, die Trustees
(who are also the DiT¢etors c)f the¢harilabl¢ ¢omp)ny forthe purposes of ¢ompany l%w) ar¢ r¢sponsibl¢ for th¢ preparatEon
of tjie f￿anCIal stalt]n¢nls and for being s4tisfic(I th#¢ they ¥iv¢ a Iru¢ att(1 Idir view, and fvT suih iiitErnal Lurtlrul a5 the
Ti'ustees determine is necessary to enable the preparation of fin&i)cÈal 5taÉeinents that are free from material misstatement,
whether due to fraud or error.
Iii pirparillg rhe fiiiancial s¢ateinents, Ihe Trustees are responsible foi. assessing the cliariiable conEpatJy's ability to
continue as a going conc¢m, disc105ingy as &pplicabl¢. matter5 related to going ¢ott¢erii and using the goiiig ¢on¢erii basis
of accountit]g unless the TrL15tees eithei. inteiid to liquidate the chaTltable company or to cedse operations. or have no
r¢alistic alternative bui to do so.
Auditol s respoiisTbilities for tlit #udit of the finxiieial stit¢ment$
Ouy objectives are lo obtain IERsonable assurance about whetlicr the financial statements as a whole are fvee froÈn material
misstAteiMeiiL ivhelliei. due to fraud or eiror, and to issue auditol s i'eport tliat includes oRJi' opinio¢i. Reasonabl¢
a5suranG¢ is a high level of ossuran¢e, but is noi a guarantee tliat an audit conducted in accordance with ISAS (UK) will
always dete¢t a maierial misstatemenl when it exists. Mtssiatei￿entS call arise frotn fraud or error and are cot]sidered
niatei'ial if, individually or itl the #ggregute, they could reastrn&bly b¢ expected to inflii¢n¢e the ¢¢OiM)mi¢ d¢¢isions of
us¢rs tak¢n on the basis of these financial statetnents.
I￿gUlaritIes, incliiding fraEid, are itistances of llon-conipliance with laws alld IrgulatlOn5. We design procedur¢s in 1snE
with our responsibilities, outlin¢d above, to detect material mtssl&teMents in respect of iiregularities. lllcliiding fi'aud. The
specific proL¥dur¢s fur this engagemertl atjd the extent to which these are capable of detecting ilyegularities, incliiding
fixud is detailed below..
Ellquiry of those chai'ged with governance conc¢Tning any ii?stanc¢s of known 01. Suspected instancc5 Of fr&ud.
Enquiry of those ¢harged with govemance coijcerning actual and potential litigation and claiins-
Enquiry of t]105e ¢hA¥ged wilh goveimance ¢oiicevning any in$tatJ¢es of non-complianee with laws and
regulations.
Reviewing Ilie co1)ti￿1 5ySteins place and testing the eff￿lIVenesS of the coThtrol5',
Performin￿ aiidit iVOTk over Ihe risk of maTraEeinenl oveiTide of controls. including testing ofjoiimal entries and
Pa¥¢ G

other adjustments for appropi'iateness.
Evalu&ting Iljc bugine5s ration21e of SI￿nifIcant tran5actÈOIiS OLltside the nonnal wu13e of busioess and reviewing
accouiiiing estimates for bias.
Reviewing ininiites of Ineeting.% of th08e cli&rged with gDvernance-
Revieiving fjiiancial slatemEnt disclosures and testing lo supportin¥ dociimentatioo 10 ass¢ss complian¢e with
applicable laws and regulations.
BeLiiuse of ilie inherent limitations of an audit, there 15 a risk that iv¢ will not detect ill irr¢gularitie5. including those
leading to a malei'ial misstaletnettt iij the financial stklemenls or noll-con]pli&llce with regulation. Tliis i'isk Inci.¢￿¢S the
nioi'e Ihat complianle with a law oi. Yegulatiott is remov¢d froill tlie events and ti'at￿actio1lS iEflected iji th¢ fi￿anCial
slalein¢llts, as we will be Icss likely to b¢cotne aware of ill5tances of non-compliance. The risk is also greattr regarding
irregularities oc¢un'itt¥ due to fraud l'ather than errol., as fyaud involves intentÉonal conGealment. forgery, collusion,
omission or Jlljsrepresentatlo￿.
A ftiither descriptian of our respon5ibiliti¢s for the audit of the fillancial statements is located on the Financial Reporting
Council's website &t-. https'.Ilwww.fir.org.uklOiir-Work/AuditlAudit-and-assuranc¢lStandai'd5-and-giiidaiicclStandards-
and-gutdance-f0r-auditor￿Aildli01s-re$￿)￿SlblIIties-for-aud1[1DescrIpI￿oll-tsf-aUdltorS-responSibi1IÈ7Cs-for-aud1(.aSpX.
This des¢ription forms part of our *uditor's ieport.
Ust of this ltport
Tliis report is t)iade stslely to the charitable wnipany's Miembei's, 8s & body, itt accordance with Chapier 3 of Part 16 of
the C(Inipanies A¢t 2006. Our audEt woi'k lias been undertaken so that we niighi state to the chariiablecoinpRny's Inembers
tliose tiiatters we air req￿llEd lo stale lo Iljem in an auditoi's repovi and fot no other purpose. To Éhe ￿lIest extent
permitted by law, we do not a¢¢¢pt oi. assume Y¢swnsibility to a￿yone other than the ch&i'ilable comp8ny and the
haritable ¢oinpany's Inembers as a bodyi for our audit work, foi. this report, or for t12e opinions w¢ hav¢ foimed.
Sudhir Singh FCA (Senioi. Statutory Avditor)
For and on b¢half of MHA, St8tu¢ory Auditor
London. United Kingdom
Dai¢.. 29 September 2023
MHA Ès the trading name of MaclntyiE Hudson LLP, a limited liability partE)ership in England and Wales (registered
tlumber OC3 123131
Page 7

BRANDON HOUSE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES liiicorpor&tin8 an Inconie and Expenditure &CCDUllt)
FOR THF YF,AR FNDED 3 1ST DEC.EMBER 2022
2022
2021
Total
Funds
Unrestricted
rlliids
Notes
INCOME AND £NDOWIVIETrUS fROfvI
DoiJatJOn5 hnd legaci¢5
Investment iiicome
7.200,000
399 999
266 6()7
TotRI
266 667
EXPENDITLIRE ON
RaisEng funds
49,037
39,984
Total
39
NET INCOMEI (EXPEI NDITURE)
7550J63
226,683
RECONCILIATION OF FUNDS
l-ot81 funds bi'ought forwhrd
3 464 373
3 237 690
TOTAL fiUNDS CARRtED VORWARD
The notes form part of these finaiicial slaiements
Page 8

BRANDON FIOUSE LIMITED
Registered Company Number: 10612051
BALANCE SHEET
AT 31 ST DF.C.EMBER 2022
2022
Uni'estricted
luijds
2021
Total
riinds
Notes
FIXED ASSETS
Tangible assets
Investrnent propeilies
Mixed use assetsl Investtnent property
1,671,840
6,001,956
10,000,000
17673796
1,695,920
10,000,000
1 695 92Q
CURRENT ASSETS
Debtors
Cash at bank
10
1,38.SJ03
253,626
182,741
378.387
,638,929
561,128
CREDITORS
Aniouiit5 lalling due within one year
184.1381
179.424)
NET CURRENT ASSETS
1.554,791
481.704
TOTAL Asslt TS LESS CURRE4 NT
LIABILITIES
19,228,587
12.177.624
CREDITORS
Atnounts falling due after tnor¢ than one year
12
{8.213.251) 18.713.251}
NET LIABILITIES
11,015,336
3,464,373
FUNDS
Unrestricted fund5
13
11.OIS.336
3,464.373
TOTAL FUNDS
11,015,336
3.464.373
These financial statements have been prepared in accordance with the provisions applicable to charitabl¢ companies
subject to the small ¢ompani¢s ￿gime.
The fjnancial statements were approved by th¢ Board of Trustees on .................
behalf by..
and were signed oti its
J M Patel-Trustee
Paiel -Trusree
The notes fomi part of these financial staternents
Page 9

BRANWN HOUSE LIMITED
SI'ATEMENT OF CAS14 fLOWS
FOR TI-IB YFAR ENDED 31ST DECEMBF.R 2022
2022
2021
Notes
Cash flows fi'om optr#tFng uctivitie5:
Cash generated from operation5
16
5,877 195
246,059)
Net cash provided by (used Inl optrating
A£tiviti¢s
5877 195
246 059}
C￿Sh flow fi'om investin¥ activitie5.'
Piiirha%e cjf Inveslmeiil property
{6,001,9561
Net C15h provided by (used Itll Enve$¢ing
k¢tiviti¢
6 001956
ChAnge in casli And eash equivAlen15 111 the
i'eporting period
(124.761)
1246,059)
Casli lliid cash equlvAlentS At the beginning of
the reporting pei'iod
378
624 446
Cash eash ¢quival¢nt5 at the end of the
r¢porting period
253.626
378,387
ANALYSIS OF CHANGES IN NET DEBT
Asat31
tkccinber
2022
A5atOI
January 2022
Cash tlows
Cash at bank and in hand
Debi due &ft¢i one yeai.
378,387
18,713,251)
(124,7611
500.000
253.626
{8,213,251)
8J34.864
375,239
7,959 625
The notes hrm pait of these financial statemenis
P&g¢ 10

BRANDON HOUSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR BNDED 3 1ST DFCEMBER 2022
ACCOUNTING POLICIES
BA5is of preparing the financial statements
The financial 51aletnents of (he ¢haritable conEpally, wliich is a public benefit ¢ntity linder FRS 102, have beeii
prepared in accordance with the Charitie5 SORP IFRS 102)'Accounting and Reporting by Chai'ilies.. Statemei)t
of Recojnmended Ptactice applicable to Ghariltes preparing iheir accounts in accardance with the Fiiiaiicial
Reporting Standard applicable En the UK and Republic of Ireland IFRS 102), Financial Reporting Stand￿11 102
'The Finaii¢ial Reporting Standard applicable iti the UK and Republic of Ireland, and the C.ornpaiiies Acl 2006.
The financial stalenjents have been prep￿.ed under the historical cost conveniion. as modifted by th¢ r¢valuatio
of certaill assets.
Golng Concci'ii
The Charitable Company had net ￿ndS ￿nO￿ntINg to £1 1,015,33612021'. £3,464J73) at year-ethd. The Ti'ustees
have assessed the going concern risks to the Charitable Company and hove Concluded that..
financial projections indtcatt tI￿t Ilie Charity will contiiiue to i￿ect its liabtlities as they fall du¢ over the
next twelve months fi'om the date of approval of these financial statements.
The Charity's pareal undertaking, Nilkanth Estatcs, h&s confjimed that if Tequired, it will make &vailable
such fund5 as are need¢d by the Charitable Company for th¢ period covered by the forerasts.
These foi'ecasts are based on rents resLirtTrlEig aft¢r the temporary ¢on¢ession du¢ to the pandemi¢, as well as
the agreed waiver of loan interest froin l January 2023 by Nilkan(h E51atEs on its loan to the Charity, which
Nilkanth Eslaies ha8 confiiyned will not be Irpayable until at least otie year from 31 Decetmber 2022.
In light of the above, th¢ Charity does not believe there to be a material uncertainty regarding ils going coo¢¢rn.
Income
All income 15 recogllised in the Statemetti of Financial Activities oiice tlie Charity Itas entitlement to the funds, tt
is prob&ble that the in¢ome ivill b¢ received 2nd the amount call be measured reliably.
Rental Ineotlle
R¢ntal income from operattn¥ lews (net of any incentives given to the lessees} is recognised on a 5tL7ight-line
basis ovei. the lease tei'm.
Expenditure
Liabilities are recogRi5ed as expenditure as soon as there is a le¥al or ¢onstiuctive obligation ¢omrnitting the
Chai'ity to that e.¥penditure, it is probable that a Iransfei. of eLonomi¢ benefits will be required in settlett)ent and
th¢ amoiint of the obligation can be measurcd Irliably. F.xpendilLife 15 accounted foi. on an accruals basis aijd has
bEtn classified und¢r headings tliat aggreE8te all cost irlated to thc ealegory. Where costs cannot be direct]y
attrib￿ted to patliLular headin&s they have been allocated to activities on a basis consi5tcnt with the 115e of
resources.
Tanglble Fixed A5set3
It¢m5 of eqiiipment air ¢apitalis¢d wheiE th¢ puirlias¢ Pl'ice exceeds £500. Depreciation costs are allocated lo
activities on th¢ basis of the use of the related asseis in those activities, Assets aTe reviewed for impairment if
circumstances tndEGale their carrying valu¢ may exceed their net realisable value and Va￿Ue in iise.
Depi'e¢iAtÉon is pEDvided at rates ¢&l¢ulated to WTlte down the rost of each asset to ils estimai¢d residual value
oveT ils expected ugful life. The depreciation rdtes in use as follows..
Freehold buildÉngs.' 2Yo on cost
Frcehold land is not depreei&ted.
Page 11

BRANDON HOUSE LIMITED
NOTES TO THE FINANCEAL STA TEMENTS - CONTINUED
FOR THF. YEAR ENDED 31ST DF.C',EMBER 2022
ACCOUNTING POLICILS- ¢oi)tinued
Mixed Use Assets
Property held foi. a cotnbination of financial Irttim and rontribution to the Chai'ity'5 purposes 15 c1&55ified a5
mixed use assets.
Under FRS102 and Charity SORP, the eleineni of tli¢ asset held for fillancial retiim requllrs revaluation at yeai..
end fair valuE.
TAx8ti0
The Charity 15 exempt from corporntion tax on its charitable activities.
Actounting estimates and judgements
the application of the Charity's accounlillg policies, the Trustees are requiiEd to make judgeineiils. estiinates
and assuinptions about the carrying aiiiouni of assets and liabiltti¢s tl)at a¥¢ not Keadily apparent from oth¢i'
sources. The estimates alld associated assuiknpiions aye based on hisiorical experience and otlier factors that ar¢
constdered to be relevant. Actual irsults tnay differ f1￿M these estimate5. The estTmates and underlying
assumptions are IEvi¢w¢d on an ongoiiig basis. Revisions to accouiitit)g eSt￿MateS gie reco8nised the period to
which they r¢lat¢.
Covid-19 lias had FJO impact on &ny accounting estiinates and judg¢mentS.
M(xed Use Assgts
A IMixed-us¢ asset is an asset lield to generate a financial IEturn and which also eontvibutes to the CharÉty's
purposes. The Charity's BTartdon House pioper¢y repiesents a mixed-use asset. The elemeftt of the asset deemed
to be held for f￿nanCIal retuin is accounted for as att investment and m¢asiired at fair value at the reporting date:
the Ti'uslees hawe reviewed ihe fair value of this eltinent al the year-end, in liiie with SORP feqiiii'ements, and do
not believe it to have rnaterially changed sit]tt its revaluatioii on 31 Decernbcr 2D20. The eletnenl of the asset
deenied to l)e held ta canti'il)uie t() tht Cliartty'.% PUIVO%&8 Ès accouiited foi. as & tangiblc fixcd a£sct and measui'ed
at cost less depirciation. The Trustees Iiave used floor area as the basÉ$ for estimating the propoi1ions of the asset
accounted for as an investment and a tangible fixed a5S¢t.
Fuiid accouritiiig
UThrestiicted funds can be iised in accordance with the Charitable tsbje¢tiw ai Ihe disueiiot* of the Trustees.
Resti'icted funds ¢on only b¢ used foi. paiticular restricted puiposes withit) the objects ofthe Charity. Restrictions
al'i5¢ when 5peGified by the donoi. or when funds are raised foi. particular i'estritted purposes.
ConcessioiIRry loxns
Loans whi¢h liave b¢¢n taken out with at) interest rate below Ilie tnarket rate and for chai'itable purposes are
deetned as coiice5sionary loans.
Further explanation of the nature puryiose of each fund is inrluded in the no¢e5 to the finatJ¢ial statements.
DONATIONS AND LEGACIES
2022
2021
Donations
7,21KI,0110
INVESTMENT INCOME
2022
2021
ReE]ts received
Page 12

BRANDON HOUSE LIMITED
NOTES TO TFIE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 ST DECEMBER 2021
RAISING FUNDS
Investment manageinent Costs
2022
2021
Rates
Gas
Insurance
Batlk chaiEes
Sundries
LlectrÈcity
Depi'cciation
Professional fees
(1,1611
412
621
1,900
44
13
8,601
24,080
4.314
3,657
15
13
16,675
24.080
5,758
49,037
39.985
NET INCOfvIEI(EXPENDITURE)
Net in¢om¢l{expenditure) is stated aftej. chargingllcreditingl..
2022
2Q21
Aiiditors, Irmuneralion
4,200
ANALYSIS OF STAFF COSTS, TRUSTEES, RKMUP4£RATION AIYD BETr4EFITS
The Charity is managed and operated by its TiTr]stees and ihere are no employees.
All Trustees give th¢Trr lime voluntoKily and rw¢iv¢ llo rernuneratioll or benefjts from th¢ Chai'ity,
Th¢r¢ weye no Trustees, expenses paid for the year ended 3 1st De¢ember2022 nor for the year ¢nded
3 1st December 2021.
Pa¥e 13

BRANDON HOUSE LIMITED
NOTES TO THE FINANCIAL STA TEMENTS - CONTJNUED
FOR THE YEAR ENDED.AI ST DF.C.EMBER 2022
TANGIBLE FIXED ASSETS
Freehold
buildings
Cost
At 1st January 2022
1.720.000
At 31 December 2022
)rec?ation
At stait of the yeor
Charg¢ for rhe year
24,080
24,080
At end of the year
Net Book Value5:
At end of the year
At stai* of Élle yeai.
INVEsfMCI NT PROPERTY
FAIR VALUE
At I" January 2022
Additions
6,001.956
At 31* tkceTnbEi' 2022
MIXED USE ASSETI INVESTMENT PROPERTY
FAIR VAI.UE
At 1st January 2022
10.000,000
Ai 31° D￿emb¢1' 2022
In line with financial i'eporting irquireinenls, and &t the year-end, the Trustees have reviewed Ihe fair valiie of the
¢l¢m¢nt of the Cli&riry's BIBndoii House property wliicli is used for iiive5tiiient piii'poscs. They do i)ot belieye il
to have mat¢rially challged in fair value since it5 revaluation on 31 December 2020 which used an informal
valuation from a RICS-ac¢redited pwperty advisor. &lld liuslee consideration of then curirnt n)ark¢t fa¢lors.
Pag¢ 14

BRANDON FIOUSE LIMITED
NOTES TO TPIE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31ST DECEMBER 2022
10.
DEBTORS: AMOUNTS fiALLING DUE ITrITHIN ONE YEIAR
2022
2021
Trade debtoi
Other debioj's
VAT itcoverable
19,002
166,301
1200,QOO
16,440
166.301
1385 303
182.741
As dctailed in NDte 8 abov¢. the Charity purchased a llew investrnent property Ihe year. As the properly
hos an option to on it. VAT was paid when purchasing it and has since been reclaEmcd by the Charity fTOrn
ii.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
2021
Trade Creditors
OtheT Gr¢ditor5
AccTued expens¢S
12,462
67.056
8,313
66,911
79,424
12.
CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR
2022
2021
Conce5s¥onary LA>ans
13,251
8713,251
The Charity's parent Eliarity. Nilkat]th Estates, provid¢d a Iojtk to tlie Charity of £8,201,331 in 2017 for the
purchase of the Cliarity's Brandon House property and lo further both ¢ntiti¢s' Charitable objectives.
The loaii.. incurr¢d interest at 3°h annulli until 31 December 2020 after which the became inteTeSt free. is
seciired agait)sl th¢ pruperty. 15 rep&yablc on demand, though the paTent charily I￿S pl￿vided assurince5 that it
'ill iiot be repayable until at least one year fiDm 31 DeL¢mbeF 2022. Nilkaiitli Estates hos agreed to waive interest
charges on its loan to ilie Charity stnce the premises are iised for chaiilable PUTP05es.
13.
MOVEMENT IN FUNDS
Unre$trieted fund5
2022
2021
Ai siart of the year
Incomiiig rtsoiirces
Resources expeiid¢d
3,464,373
7,599,999
(49.036)
3,237,690
266,667
139.984)
At eiid of the year
Page 15

B]L4NDON I.IOUSE LIM11'LD
NOTES TO THE FtNANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENTDED 31 ST DECEMBER 2022
14.
RELATED PARTY DISCLOSURES
Included in Cyeditors is a Con¢essTonary loan received frol￿ Nilkat]th Estatcs. a regÈst¢red ChaTity with commo
Trnstee￿DlIEetors and also being the sole membei. of this company. The toial loan at 31 Deceniber 2022 is
£8,213,251 &t]d include5 £8,201,331 foi'the piirchase of the it)vestmeiit propety held by the Charity together with
rolled-up int¢r¢st at 3•/0 per atjnum. The loan is repayable on an indetetminale period. The Collcession8ry loan
h&s beeii provided by the Chariry as Byandon House uses part of the piDperty for ¢haiitable piiryx)ses.
2022
2021
L.oan pi'incipal
Interest ac¢n]als of earliei. pei'iods
Cumulative Loan repayment
8,271J31
941,920
000 000)
8,271.331
941,920
500 0001
Balance payable to Nilkanih E5¢aies
8.713 251
Brandon House Limited received urÈrestricled danatiotts of£7.2Jll12021.. £Nill from Sarjudas FO￿ndatIOn duiing
th¢ year. Brandon Hous¢ Limited and Sarjudas Fouiidation has a trustee itt common.
Is.
ULTifvlA'fE CONTROLLING PARTY
The ¢ompany is a Company limited by guarantee and the sole guaranioi is Nilkattth Estates (R¢g. Ch&i'ity
no.1148431}. The latl¢r 15 incoipoiaied and regi51¢ird in England & Wales.
CotTrsolidated fit)ancid statements of Nilkanth Estates are available onlille &1 the Companies House website.
16.
RECONCILIATION OF NIIT INCOME/{II VENDITURE)TO NET CASH f4LOW fROM OPEI RATING
ACTIVITIES
2022
2021
Net irhcomel(expeKditure) for the Yeportlng period las per the statement
of finRiiciftl Retivities)
AdjiEStments for:
Depreciation
{Increasefv'De¢reas¢ in d¢b(ors
(DeLreasellln¢rease itt ci"editors
7,550.963
226.683
24,080
(1,202,562)
495286)
24,080
5.287
502,1091
Net tX811 provided by operAting Activities
5 877 195
246 059}
Pag¢ 16