Charity Registration No. 287810
THE BRAHMIN SOCIETY NORTH LONDON
TRUSTEES' REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2022
CONTENTS
| Page | |
|---|---|
| Trustees' report | 3 – 6 |
| Independent examiner's report | 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 |
| Notes to the accounts | 10 – 14 |
Charity Registration No. 287810
Trustees' annual report for the period
| From | Period start date Day Month Year 01 09 2021 |
Period End date Day Month Year 31 08 2022 |
|---|---|---|
Reference and administration details
| Charity name | The Brahmin Society North London | The Brahmin Society North London |
|---|---|---|
| Other names charity is known by | BSNL | |
| Registered charity number (if any) | 287810 | |
| Charity's Principal address | BSNL House | |
| 128 East Lane | ||
| North Wembley, Middlesex | ||
| Postcode | HA0 3NL |
Names of the charity trustees who manage the charity
| Names of the charity trustees who manage the charity | Names of the charity trustees who manage the charity | Names of the charity trustees who manage the charity |
|---|---|---|
| Trustee Name Office (if any) Portfolio (if applicable) |
||
| Parul Jani | Chair | N/A |
| Dhirendra Dave | Deputy Chair | Membership / EGroup / Open Mike |
| Ramnik Joshi | Treasurer | Men’s Group |
| Selina Rawal | Secretary | Media |
| Rajiv Vyas | Assist. Secretary | Governance & Constitution |
| Pramath Pandya | Trustee | Building |
| Harsha Trivedi | Trustee | Sangeet, Music & Yoga |
| Sameet Pandya | Trustee | YBs & Sports |
| Trupti Joshi | Trustee | Ladies Club |
3
Names and addresses of advisors
| Type of advisor Name Address |
Type of advisor Name Address |
Type of advisor Name Address |
|---|---|---|
| Bank | HSBC bank | 26-28 St Ann’s Road, Harrow HA1 1LA |
| Bank | CAF Bank | 25 Kings Hill Avenue, West Malling ME19 4TA |
| Investment Hub | Flagstone Investment | Clareville House, 26-27 Oxenden St. London SW1Y 4EL |
| Legal Advisors | Vyman Solicitors | Vyman House, 104 College Road, Harrow HA1 1BQ |
Structure, governance and management
| Type of governing document How the charity is constituted Trustee selection methods Description of the charity’s trusts |
|
|---|---|
| Constitution adopted 6th March 2022 | |
| Unincorporated Association | |
| Trustees are appointed or reappointed for a term of 2 years at the Annual General Meetingheld in Januaryor February |
Additional governance issues
Membership is open to individuals over eighteen, who satisfy the criteria outlined in in the BSNL Constitution, and who apply on the BSNL's membership application form which will be subject to approval by the Board of Trustees provided they:
-
Accept and actively support the objectives of the BSNL;
-
Pay a voluntary amount as annual membership fees;
-
Agree to the Terms and Conditions of Membership as amended from time to time
The trustees oversee the day to day running of the Society. The Trustees seek the views of members, the SubGroups and volunteers in deciding the activities to be run..
DBS checks are carried out prior to commencement of trusteeship and other checks are carried out again in line with statutory and constitutional requirements.
All trustees give their time voluntarily and received no remuneration or other benefits.
4
Objectives and activities
To promote the advancement of the Hindu religion. To promote relief of poverty and sickness. To promote advancement in education. To promote participation in healthy recreation. The main activities are: To provide the means and facilities for education, religious, cultural and Summary of the objects of the recreational activities and where possible, provide Hindu Priests for other charity set out in its governing communities. document To support other local charitable organizations or institutions having objects similar to those of the Society provided they are of a non-political nature. To promote and foster activities pertaining to the philosophy of the Hindu religion amongst the people of Greater London and exchange views and ideas with communities of other religions. In planning our activities for the year we kept in mind the Charity Commission’s guidance on public benefit at our trustee meetings. Public Benefit The various activities undertaken by the main BSNL and the SubGroups were all in accordance with our objects and within the guidance on public benefit. Additional details
~~We are grateful for the many hours volunteers, including member volunteers,~~ have spent listening and encouraging our members and working with The BSNL’s SubGroups. Without this valuable contribution of time, energy and expertise we would not have been able to achieve so much.
Achievements and performance
Year 2022 bought us new hope, with Covid19 almost on its way out but was still creeping into back of our head. Members had mix feeling about meeting in person. The Brahmin Society North London continued to support their members to connect with each other with taking consider mix feeling amongst members. We provided mix activities, to accommodate all, hybrid and in person.
Trustees with help of various subcommittee and volunteers continued to provide activities for our Day Clubs - eClub, Ladies Club, Men's club, Open Mic, Yoga, Cultural classes and other activities some in person and some 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. Board of Trustees are extremely grateful to all the volunteers for their commitment and hard work to the community.
In addition to our regular clubs, we have slowly started organising other regular events like Bhajan, Shivaratri pooja and our ever-popular program Navratri and Havan. Our members have appreciated these events and thoroughly enjoyed.
Finally, Trustees would like to thank all the volunteers for devoting their invaluable time to BSNL and the members for being part of BSNL.
5
Financial review
Cash at bank at 31/08/2022 was £499,437 which following a resolution by the Trustees will be held in unrestricted funds. The main financial risk to the charity is loss of income from the Nursery however this is mitigated in part by the securing of a fixed term lease with the Nursery which was finalized in this last accounting year. The Trustees believe that enough funds are held to cover 3 to 6 events and operational costs in the event of a loss of income and to meet any unforeseen expenditure that may occur.
Details of any funds materially in deficit
Not applicable
Our main source of funds this year has been rental income from the nursery and other lettings which accounted for approximately 67% of the BSNL income for the year. Other income was made up of donations and income from Further financial review details activities undertaken by the BSNL over the course of the year. General funds are used to maintain the running of the BSNL in all other aspects. The majority of income is applied to the activities undertaken for the whole membership and also any SubGroup related activities with an emphasis on the aims and objectives of the charity.
Risk Management & Policies
The BSNL maintains various policies for its proper functioning and governance.
In accordance with their duties the Trustees undertake a risk review and maintain a risk register to capture any risks associated with the following :
-
Governance Risk
-
Operational Risk
-
Financial Risk
-
Environmental / External Risk
-
Legal and Regulatory Risk
Declaration
On behalf of the charity’s trustees
Full Name Parul Jani Position Chair Date 20 November 2022
6
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 2022 which are set out on pages 8 to 14.
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:
-
examine the accounts under section 43 of the 1993 Act,
-
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 43(7)(b) of the 1993 Act, and
-
to state whether particular matters have come to my attention.
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.
-
1) which gives me reasonable cause to believe that in, any material respect, the requirements:
-
to keep accounting records in accordance with section 41 of the 1993 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met; or
-
2) to which, in my opinion, attenion should be drawn in order to enable a proper understanding of the accounts to be reached.
Puneet Kumar Sharma FCA
376 Essex Road London N1 3PF
Dated: 7 January 2023
7
THE BRAHMIN SOCIETY NORTH LONDON
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2022
| 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 2021 Merging Desinated Building Fund to Unrestricted * Fund balances at 31 August 2022** |
Unrestricted Funds £ 3,687 50,977 54,664 7,055 - - 61,719 36,261 36,261 25,458 525,530 390,373 550,988 |
Restricted Funds £ - - - - - - - 1,250 1,250 (1,250) 390,373 (390,373) 389,123 |
Total Total 2022 2021 £ £ 3,687 (2,669) 50,977 40,388 54,664 37,719 7,055 7,612 - 1,250 - 23,889 61,719 70,470 37,511 53,285 37,511 53,285 24,208 17,185 915,903 898,718 - - 940,111 915,903 |
|---|---|---|---|
*** Financial proposal at AGM 6 Feb 2022, plus current Board of Trustee jointly decided to merge/reclassification of Building fund as Unrestricted.**
8
THE BRAHMIN SOCIETY NORTH LONDON
BALANCE SHEET
AS AT 31 AUGUST 2022
| 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 |
2022 £ £ 443,044 6,842 499,438 506,280 (9,213) £ 497,067 940,111 - 940,111 940,111 |
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 |
|
|---|---|---|---|---|
| £ | ||||
| 915,903 | ||||
| 390,373 525,530 |
||||
| 915,903 |
The accounts were approved by Trustees on 12 September 2022
Parul Jani (Chair) Trustee
Ramnik Joshi (Treasurer) Trustee
9
THE BRAHMIN SOCIETY NORTH LONDON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2022
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.
1.2 Incoming resources
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.
1.3 Tangible fixed assets and depreciation
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 | |
|---|---|
| Freehold buildings | Straight line over 50 years |
| Fixtures, fittings & equipment | Straight line over 5 years |
2 Voluntary income
| Unrestricted funds £ Donations and gifts 3,687 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 £ - |
Total 2022 £ 3,687 1,535 - 2,152 3,687 - - - - - |
Total 2021 £ (2,669) |
|---|---|---|---|
| 471 13,919 1,735 |
|||
| 16,125 | |||
| (13,919) (3,900) (975) - |
|||
| (18,794) |
10
THE BRAHMIN SOCIETY NORTH LONDON NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022
| 3 Investment income Rental income Interest receivable 4 Incoming resources from charitable activities Members subscriptions Sundry programme receipts (Net) Bhajan eGroup Acitivities Hanuman Chalisa Havan Mahashivratri Navratri (Joint Navratri) AGM Chaitry Navratri Men's Club Music Class Harmonium Class Ladies Club Open Mike 4a Grants Receivable Tesco Grant 4b Other Income Federation closing fund Insurance compensation |
Unrestricted funds £ 48,324 2,653 50,977 Unrestricted funds £ 6,131 925 7,056 Receipts £ - 1,918 - 1,550 578 2,144 5 97 1,194 1,130 2,326 87 76 11,105 |
Restricted funds £ - - - Restricted funds £ - - - Expenditure £ - (1,713) - (366) (51) (3,000) (5) (332) (1,063) (1,150) (2,400) (53) (47) (10,180) |
Total 2022 £ 48,324 2,653 50,977 Total 2022 £ 6,131 925 7,056 Net 2022 £ - 205 - 1,184 527 (856) 0 (235) 131 (20) (74) 34 29 925 2022 - 2022 - - - |
Total 2021 £ 38,951 1,437 |
Total 2021 £ 38,951 1,437 |
|---|---|---|---|---|---|
| 40,388 | |||||
| Total 2021 £ 3,669 3,943 |
|||||
| 7,612 | |||||
| Net 2021 £ 51 - 2,052 935 381 (131) - - 210 140 160 - 145 |
|||||
| 3,943 | |||||
| 2021 1,250 |
|||||
| 2021 1,139 22,750 |
|||||
| 23,889 |
11
BRAHMIN SOCIETY NORTH LONDON
ES TO THE ACCOUNTS (CONTINUED)
THE YEAR ENDED 31 AUGUST 2022
| Total resources expended Unrestricted funds £ Depreciation 8,889 Community programs 26,672 Grant funding of activities 700 Total 36,261 Costs relating to community programs Unrestricted £ Printing, postage, stationery & eMailings 2,174 Computer Software/ Hardware/Program 188 Membership software 1,231 Insurance 2,210 Water rates 530 Light and heat 5,224 Telephone 925 Cleaning 1,863 Repairs and maintenance + Gardening 7,997 Portacabin Demolition - Legal & Professional Fees 1,397 Bank charges+PayPal fee 344 Flagstone Management Fee 394 Other Sundry + Training 1,578 Subscriptions - Grant Expenses - Web site 617 26,672 Grants payable Unrestricted £ Grants & Funding 700 Grants to institutions relating to community programs comprise: BEHT - Education fund 500 GOSH Childrens Charity 100 Go Dharmic - COVID 19 Appeal 100 UNICEF - Covid 19 Vaccinaid - 700 |
Restricted funds £ - 1,250 - 1,250 Restricted £ - - - - - - - - - - - - - - 1,250 - 1,250 Restricted £ - - - - - |
Total 2022 £ 8,889 27,922 700 37,511 2022 £ 2,174 188 1,231 2,210 530 5,224 925 1,863 7,997 - 1,397 344 394 1,578 - 1,250 617 27,922 2022 £ 700 500 100 100 - 700 |
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 |
Society has opened Deposit Hub Account with CAF to facilitate better return on Fixed Deposits The investment is managed by Flagstone with a small service fee.
12
THE BRAHMIN SOCIETY NORTH LONDON NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022
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
| Freehold land £ Cost As at 31 August 2021 207,175 Additions - Cost As at 31 August 2022 207,175 Depreciation As At 1 September 2021 - Charge for the year - Depreciation As At 31 August 2022 - Net book value As At 31 August 2022 207,175 As At 31 August 2021 207,175 11 Debtors Other Debtors Prepayments 12 Creditors: amounts falling due within one year Accruals and deferred income |
Freehold buildings £ 362,884 - 362,884 119,758 7,257 127,015 235,869 243,126 |
Fixtures, fittings & equipment £ 16,869 16,869 15,237 1,632 16,869 - 1,632 2022 £ 4,072 2,770 6,842 2,022 £ 9,213 |
Total £ 586,928 - |
|---|---|---|---|
| 586,928 | |||
| 134,995 8,889 |
|||
| 143,884 | |||
| 443,044 | |||
| 451,933 | |||
| 2021 £ 25,701 5,724 |
|||
| 31,425 | |||
| 2,021 £ 25,856 |
13
THE BRAHMIN SOCIETY NORTH LONDON NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022
13 Restricted funds
It is in view of Independent Examiner and Trustees, that the hall hire and nursery rental income are part of working capital and should classified as unresricted. Current Board of Trustees have approved to merge Building fund to Unrestricted.
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 Merging Building fund to Unrestricted Tesco Grant Unrestricted Fund Merging Building fund to Unrestricted Analysis of net assets between funds Fund balances at 31 August 2022 are represented by: Tangible fixed assets Net Current assets Creditors: amounts falling due within one year |
Balance as at 31 August 2021 £ 389,123 (389,123) 1,250 1,250 525,530 389,123 914,653 |
Incoming resources £ - - - - 61,719 61,719 Unrestricted funds £ 443,044 506,280 (9,213) 940,111 Movement |
Resources expended £ - - (1,250) (1,250) (36,261) (36,261) Restricted funds £ - - - - in funds |
Balance as at 31 August 2022 £ 389,123 (389,123) - |
|---|---|---|---|---|
| - | ||||
| 550,988 389,123 |
||||
| 940,111 | ||||
| Total £ 443,044 506,280 (9,213) |
||||
| 940,111 |
14 Analysis of net assets between funds
14