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