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2021-08-31-accounts

Charity Registration No. 287810

THE BRAHMIN SOCIETY NORTH LONDON

TRUSTEES' REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2021

THE BRAHMIN SOCIETY NORTH LONDON

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees
Harsha Trivedi (Chair)
Gunvant Dave (Vice Chair)
Ameet Kumar Sharma (Secretary)
Ramnik Joshi (Treasurer)
Hitesh Purohit (Assist Treasurer)
Parul Jani
Ashwin Thaker
Chandrashekhar Thaker
Trupti Joshi
Vandanaben Joshi
Bhavesh Yagnik Resigned
Anjana Thaker Resigned
Nilimaben Raval Resigned
Charity number 287810
Principal address BSNL House
128 East Lane
Wembley
Middlesex
HA0 3NL
Website www.bsnl.org.uk
Idependent Examiner Puneet Kumar Sharma
376 Essex Road
London N1 3PF
Bankers HSBC
Watford & Harrow Commercial Centre
1st Floor, Sunningdale
The Belfry Business Park, Colonial Way
Watford
WD24 4LG

THE BRAHMIN SOCIETY NORTH LONDON CONTENTS

Page
Trustees' report 1 – 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the accounts 6 – 10

THE BRAHMIN SOCIETY NORTH LONDON TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2021

The trustees present their report and accounts together with the independent examiner's report for the year ended 31 August 2021

Governance and management

The Board of Trustees meet monthly in order to monitor the running of the charity. The day to day running of the charity is delegated to a sub committee comprising members of the Board of trustees..

The trustees who served during the year were:

Chair Harsha Trivedi
Vice Chair Gunvant Dave
Secretary Ameet Kumar Sharma
Treasurer Ramnik Joshi
Membership Chandrashekar Thaker
Building upkeep Ashwin Thaker
Elders Group chair Hitesh Purohit
Events management Parul Jani
Grants/ Abhilasha Chair Vandanaben Joshi
Trustee Trupti Joshi
Asst.Secretary Bhavesh Yagnik Resigned on 17/01/2021
Elders Group chair Anjana Thaker Resigned on 01/03/2021
Trustee Nilimaben Raval Resigned on 10/02/2021

Objectives and activities

The Brahmin Society North London is a charity with the following objects:

The main activities are:

To provide the means and facilities for education, religious, cultural and recreational activities and where possible, provide Hindu 1) Priests for other communities.

To support other local charitable organizations or institutions having objects similar to those of the Society provided they are of a 2) non-political nature.

To promote and foster activities pertaining to the philosophy of the Hindu religion amongst the people of Greater London and 3) exchange views and ideas with communities of other religions.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

THE BRAHMIN SOCIETY NORTH LONDON TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

Achievements and performance

We have lived through another challenging year, with Covid 19 restrictions. Year 2021 started with hope as the vaccines were rolled out. The Brahmin Society North London continued to support the members by providing opportunities to connect with each other. The society endeavoured to carry out its activities as the previous year.

Despite government’s decision to lift some restrictions on social gatherings, Trustees continued to provide activities for our Day Clubs - eClub, Ladies Club and Men's club, Open Mic, Yoga, Hanuman Chalisha, Bhajans, ets., via 'Zoom' platform to keep the members and their families safe. Organising events is always a challenge but to do so via social platforms requires vision and imagination. Trustees are indebted to those volunteers who came up with new ideas and executed those to perfection. Trustees and I are extremely grateful to all the volunteers for their commitment and hard work to the community.

Going forward, we will keep reviewing our current position regarding holding Zoom programmes, as the Covid 19 situation is fluid. The trustees in charge of this review, will decide if it is safe to start activities in the BSNL hall. However, it may be prudent to continue with Zoom option to include those members who are vulnerable and are shielding.

Homeless Kitchen project has been an important project for BSNL, which allows our members to support the wider community. Unfortunately, due to Covid 19 risks, this project is temporarily on hold.

Financial review

BSNL finance have shown a decline in Donations, Membership and rental income. This has been impacted by our normal interactions in person at various religious and other events in previous years. The interest rates are also at a histortical low and the income from investments are minimal.

The trustees do not expect any short term risk to BSNL assets. An appropriate and adequate insurance provisions, reviewed annually, have been made to mitigate such risks/potential losses. Regular risk assessments are undertaken for Health and safety issues and if necessary, action is taken to reduce or eliminate any risks identified.

BSNL policy is that unrestricted funds, which have not been designated for specific use, should be maintained at a level equivalent to expenditure for 3 to 6 events. The trustees are of the opinion that reserves at this level would ensure, BSNL would be able continue activities at the current level, in the event that there is a significant drop in funding. This period would allow the Trustees to identify ways in which additional funds may be raised. I am pleased to confirm that, despite the financial difficulties, the level of reserves has been maintained throughout the year.

Finally, Trustees would like to thank all the volunteers for devoting their invaluable time to BSNL and the members for being part of BSNL.

On behalf of the board of trustees

Harsha Trivedi (Chair)

Trustee

Dated: 22 Sept 2021

THE BRAHMIN SOCIETY NORTH LONDON

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BRAHMIN SOCIETY NORTH LONDON

I report on the accounts for the year ended 31 August 2021 which are set out on pages 4 to 10.

Respective responsibilities of trustees and auditors

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examinier's statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explantions from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a `true and fair' view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention.

Puneet Kumar Sharma FCA

376 Essex Road London N1 3PF

Dated: 22 December 2021

THE BRAHMIN SOCIETY NORTH LONDON

STATEMENT OF FINANCIAL ACTIVITIES

INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2021

Notes
Incoming resources from generated funds
Voluntary income
2
Investment income
3
Incoming resources from charitable activities
4
Grants Received
4a
Other Income
4b
Total incoming resources
Resources expended
Charitable activities
Community programs
5
Total resources expended
Net (expenditure)/income for the year/
Net movement in funds
Fund balances at 1 September 2020
Fund balances at 31 August 2021		 Unrestricted
funds
£
16,125
40,388
56,513
7,612
-
23,889
88,014
25,246
25,246
62,768
462,762
525,530		 Restricted
funds
£
(18,794)
(18,794)
-
1,250
-
(17,544)
28,039
28,039
(45,583)
435,956
390,373		 Total
2021
£
(2,669)
40,388
37,719
7,612
1,250
23,889
70,470
53,285
53,285
17,185
898,718
915,903		 Total
2020
£
7,807
60,993
68,800
15,834
-
-
84,634
57,259
57,259
27,375
871,343
898,718

THE BRAHMIN SOCIETY NORTH LONDON

BALANCE SHEET

AS AT 31 AUGUST 2021

Notes
Fixed assets
Tangible assets
10
Current assets
Debtors & Prepayments
11
Cash at bank and in hand
Total Current Assets
Creditors: amounts falling due within one year
12
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
13
Unrestricted funds		 2021
£
£
451,933
31,425
458,401
489,826
(25,856)
463,970
915,903
390,373
525,530
915,903		 2021
£
£
451,933
31,425
458,401
489,826
(25,856)
463,970
915,903
390,373
525,530
915,903		 2020

£
£
460,820
19,762
423,177
442,939
(5,041)
437,898
898,718
435,956
462,762
898,718		 2020

£
£
460,820
19,762
423,177
442,939
(5,041)
437,898
898,718
435,956
462,762
898,718
915,903 898,718
390,373
525,530		 435,956
462,762
915,903 898,718

The accounts were approved by Trustees on 22 September 2021

Harsha Trivedi (Chair)

Trustee

Ramnik Joshi (Treasurer) Trustee

THE BRAHMIN SOCIETY NORTH LONDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2021

1 Accounting policies

1.1 Basis of preparation

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005 and the Charities Act 1993.

Donations and grants are dealt with in the year in which they are received. The income tax recoverable

attributable to donations are dealt with in the year to which the donations relate.

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Freehold land No depreciation Freehold buildings Straight line over 50 years Fixtures, fittings & equipment Straight line over 5 years

2 Voluntary income

Unrestricted
funds
£
Donations and gifts
16,125
Donations and gifts
Unrestricted funds:
Donations and gifts
Reallocation-Portacabin Development
Gift aid
Restricted funds:
Reallocation-Portacabin Development
Refund - Portacabin Development
Refund HMRC - Gift Aid Tax
Funeral Support		 Restricted
funds
£
(18,794)		 Total
2021
£
(2,669)
471
13,919
1,735
16,125
(13,919)
(3,900)
(975)
-
(18,794)		 Total
2020
£
7,807
1,323
-
6,267
7,590
-
-
-
217
217

THE BRAHMIN SOCIETY NORTH LONDON NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

3 Investment income

Rental income
Interest receivable
4
Incoming resources from charitable activities
Members subscriptions
Sundry programme receipts (Net)
Bhajan
eGroup Shivkatha
Hanuman Chalisa
Havan
Homeless Kitchen
Mahashivratri
Men's Club
Music Class
Harmonium Class
Navratri (Joint Navratri net income allocation)
Open Mike
AGM - Hanuman Chalisha
Bolly Aerobics
BSNL Navratri/Childrens Garba
Diwali
Elders Group
Football
Ladies Club
Mehfil/ Music event
Movie Night
Parents and Toddler Group
Childrens Xmas Party
BSNL Yoga
4a
Grants Receivable
Tesco Grant
4b
Other Income
Federation closing fund
Insurance compensation		 Unrestricted
funds
£
38,951
1,437
40,388
Unrestricted
funds
£
3,669
3,943
7,612
Receipts
£
51
72
2,142
1,254
781
432
360
1,640
2,460
994
145
-
-
-
-
-
-
-
-
-
-
-
-
10,331		 Restricted
funds
£
-
-
-
Restricted
funds
£
-
-
-
Expenditure
£
-
72
90
319
781
51
150
1,500
2,300
1,125
-
-
-
-
-
-
-
-
-
-
-
-
-
6,388		 Total
2021
£
38,951
1,437
40,388
Total
2021
£
3,669
3,943
7,612
Net
2021
£
51
-
2,052
935
-
381
210
140
160
(131)
145
-
-
-
-
-
-
-
-
-
-
-
-
3,943
2021
1,250
2021
1,139
22,750
23,889		 Total
2020
£
57,762
3,231
60,993
Total
2020
£
6,786
9,048
15,834
Net
2020
£
179
-
-
2,036
-
534
754
1,043
-
2,153
443
(131)
10
218
(1,480)
1,475
(207)
732
1,340
4
(155)
(109)
209
9,048
2020
-
2020
-
-
-

THE BRAHMIN SOCIETY NORTH LONDON

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2021

5
Total resources expended
Unrestricted
funds
£
Depreciation
-
Community programs
23,526
Grant funding of activities
1,720
Total
25,246
6
Costs relating to community programs
Unrestricted
£
Printing, postage, stationery & eMailings
1,313
Computer Software/ Hardware/Program
422
Membership software
1,318
Insurance
2,792
Water rates
452
Light and heat
4,092
Telephone
1,013
Cleaning
1,613
Repairs and maintenance + Gardening
9,194
Portacabin Demolition
-
Legal & Professional Fees-Structural Eng.
-
Key Holder
-
Bank charges & interest
47
Sundry
390
Subscriptions
100
Supplies / Training
-
Grant Expenses
-
Web site
780
23,526
7
Grants payable
Unrestricted
£
Grants & Funding
1,720
Grants to institutions relating to community programs comprise:
BEHT - Education fund
400
GOSH Childrens Charity
300
UNICEF - Covid 19 Vaccinaid
1,020
Marie Curie
Water Aid
Go Dharmic - COVID 19 Appeal
1,720		 Restricted
funds
£
8,887
19,152
-
28,039
Restricted
£
-
-
-
-
-
-
-
-
19,152
-
-
-
-
-
-
-
-
19,152
Restricted
£
-
-
-
-
-		 Total
2021
£
8,887
42,678
1,720
53,285
2021
£
1,313
422
1,318
2,792
452
4,092
1,013
1,613
9,194
19,152
-
-
47
390
100
-
-
780
42,678
2021
£
1,720
400
300
1,020
1,720		 Total
2020
£
8,887
47,372
1,000
57,259
2020
£
1,440
262
-
2,507
730
4,552
1,448
8,770
19,427
-
1,250
1,400
114
933
600
134
3,084
720
47,372
2020
£
1,000
400
-
-
150
150
300
1,000

THE BRAHMIN SOCIETY NORTH LONDON NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year.

9 Employees

There were no employees during the year.

10 Tangible fixed assets

Cost
As at 31 August 2020
Additions
Cost As at 31 August 2021
Depreciation
As At 1 September 2020
Charge for the year
Depreciation As At 31 August 2021
Net book value
As At 31 August 2021
As At 31 August 2020
11
Debtors
Other Debtors
Prepayments
12
Creditors: amounts falling due within one year
Accruals and deferred income		 Freehold land
£
207,175
-
207,175
-
-
-
207,175
207,175		 Freehold
buildings
£
362,884
-
362,884
112,501
7,257
119,758
243,126
250,383		 Fixtures,
fittings &
equipment
£
16,869
16,869
13,607
1,630
15,237
1,632
3,262
2021
£
25,701
5,724
31,425
2,021
£
25,856		 Total
£
586,928
-
586,928
126,108
8,887
134,995
451,933
460,820
2020
£
16,274
3,488
19,762
2,020
£
5,041

THE BRAHMIN SOCIETY NORTH LONDON NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2021

13 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Restricted funds
Building fund (Inc.Development project)
Homeless Kitchen
Tesco Grant
Unrestricted Fund
14
Analysis of net assets between funds
Fund balances at 31 August 2021 are represented by:
Tangible fixed assets
Net Current assets
Creditors: amounts falling due within one year		 Balance as at
31 August
2020
£
435,956
-
-
435,956
462,762		 Incoming
resources
£
(19,575)
781
1,250
(17,544)
88,014
Unrestricted
funds
£
163,831
368,403
(6,704)
525,530
Movement		 Resources
expended
£
(27,258)
(781)
-
(28,039)
(25,246)
Restricted
funds
£
288,102
121,423
(19,152)
390,373
in funds		 Balance as at
31 August
2021
£
389,123
-
1,250
390,373
525,530
Total
£
451,933
489,826
(25,856)
915,903