Charity Registration No. 287810
THE BRAHMIN SOCIETY NORTH LONDON
TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023
THE BRAHMIN SOCIETY NORTH LONDON
TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023
CONTENTS
| Page | |
|---|---|
| Trustees' report | 3 – 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the accounts | 9 – 13 |
THE BRAHMIN SOCIETY NORTH LONDON
Trustees' annual report for the period
From 1 September 2022 To 31 August 2023
Reference and administration details
Charity name 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 |
||
| Parul Jani | Chair | |
| Gunvantrai Dave | DeputyChair | |
| Ramnik Joshi | Treasurer | Men’s Group |
| Vinod Mehta | Secretary | Open Mic / T Club |
| Ashwin Thaker | Trustee | Media |
| Pramath Pandya | Trustee | Building |
| Chandrashekhar Thaker | Trustee | Membership |
| Sameet Pandya | Trustee | Elders Group |
| Ameet Kumar Sharma | Trustee | Young Brahmins |
| Harsha Trivedi | Trustee | Resigned |
| Selina Rawal | Trustee | Resigned |
Names and addresses of advisors
| Names and addresses of advisors | Names and addresses of advisors | Names and addresses of advisors |
|---|---|---|
| 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 |
| Legal Advisors | Vyman Solicitors | Vyman House, 104 College Road, Harrow HA1 |
Structure, governance and management
Description of the charity’s trusts
Type of governing document Constitution adopted 6th March 2022 Trustees are appointed or reappointed for a term of 2 years at the Annual Trustee selection methods General Meeting
3
Additional Governance
Membership is open to individuals over eighteen, who satisfy the criteria outlined in the BSNL Constitution, and who apply on the BSNL's membership application form which is subject to approval by the Board of Trustees provided they:
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Accept and actively support the objectives of the BSNL;
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Pay a voluntary amount as annual membership fees;
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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 on commencement of trusteeship.
All trustees give their time voluntarily and received no remuneration or other benefits.
Objectives and activities
| Additional details Summary of the objects of the charity set out in its governing document Public Benefit |
To promote advancement in education. To promote participation in healthy recreation. The main activities are: To promote the advancement of the Hindu religion. To promote relief of poverty and sickness. To provide the means and facilities for education, religious, cultural and recreational activities and where possible, provide Hindu Priests for other 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. |
|---|---|
| The various activities undertaken by the main BSNL and the SubGroups were all in accordance with our objects and within theguidance onpublic benefit. In planning our activities for the year we kept in mind the Charity Commission’s guidance on public benefit at our trustee meetings. |
|
| 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 to deliver various services. Without this valuable contribution of time, energyand expertise we would not have been able to achieve so much. |
Achievements and performance
The trustees with the help of volunteers are running several day clubs and the celebration of several Hindu festivals. The day clubs have included: Elders Club meeting every Tuesday, Men’s Club meeting every Wednesday, Tea Club meeting every Thursday and Open Mic meeting every month. We have now revived our Young Brahmins group which was dormat for few years Celebration of Hindu festivals have included: Bhajans, Maha Shivratri Pujan, Hanuman Chalisa recitals, Navratri over 9 nights, Sharad Punam and Navchandi Havan These activities have made good use of our own facilities at BSNL House and where necessary we have hired external venues to accommodate larger numbers.
4
Financial review
Cash at bank at 31/08/2023 was £545,325, included £473,500 invested in FD with various banks. 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 Not applicable deficit
Our main source of funds this year has been rental income from the nursery and other lettings which accounted for approximately 65% of the BSNL income for the year. Other income was made up of fixed deposit interest , donations and income from activities undertaken by the BSNL over the course of the year.
Further financial review details
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 and risk mitigation. In accordance with their duties the Trustees undertake a risk review and maintain a risk register to capture
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Governance Risk
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Operational Risk
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Financial Risk
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Environmental / External Risk
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Legal and Regulatory Risk
Declaration
On behalf of the charity’s trustees
Full Name Parul Jani Position Chair Date 23 April 2024
5
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 2023 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:
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examine the accounts under section 43 of the 1993 Act,
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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
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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.
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1) which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 41 of the 1993 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met; or
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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: 8 June 2024
6
THE BRAHMIN SOCIETY NORTH LONDON STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2023
| Notes Incoming resources from generated funds Voluntary income 2 Investment income 3 Incoming resources from charitable activities 4 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 2022 Fund balances at 31 August 2023 |
Unrestricted Funds £ 8,067 71,468 79,535 10,830 90,365 (42,807) (42,807) 47,558 940,111 987,669 |
Restricted Funds £ - - - - - - - - - - |
Total 2023 £ 8,067 71,468 79,535 10,830 90,365 (42,807) (42,807) 47,558 940,111 987,669 |
Total 2022 £ 3,687 50,977 |
|---|---|---|---|---|
| 54,664 7,055 61,719 |
||||
| (37,511) | ||||
| (37,511) | ||||
| 24,208 915,903 |
||||
| 940,111 |
7
THE BRAHMIN SOCIETY NORTH LONDON
BALANCE SHEET
AS AT 31 AUGUST 2023
| 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 |
2023 £ £ 435,787 17,476 545,325 562,801 (10,919) £ 551,882 £ 987,669 - 987,669 987,669 |
2022 £ £ 443,044 6,842 499,438 506,280 (9,213) 497,067 940,111 - 940,111 940,111 |
2022 £ £ 443,044 6,842 499,438 506,280 (9,213) 497,067 940,111 - 940,111 940,111 |
|
|---|---|---|---|---|
| £ | ||||
| 940,111 | ||||
| - 940,111 |
||||
| 940,111 |
The accounts were approved by Trustees on 23 September 2023
Parul Jani (Chair) Trustee
Ramnik Joshi (Treasurer) Trustee
8
THE BRAHMIN SOCIETY NORTH LONDON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023
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
| Donations and gifts Donations and gifts Unrestricted funds: Donations Gift aid |
Unrestricted funds £ 8,067 |
Restricted funds £ - |
Total 2023 £ 8,067 1,245 6,822 8,067 |
Total 2022 £ 3,687 |
|---|---|---|---|---|
| 1,535 2,152 |
||||
| 3,687 | ||||
| - |
9
THE BRAHMIN SOCIETY NORTH LONDON NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023
| 3 Investment income Unrestricted funds £ Rental income 58,333 Interest receivable 13,135 71,468 4 Incoming resources from charitable activities Unrestricted funds £ Members subscriptions 8,313 Sundry programme receipts (Net) 2,517 10,830 Receipts £ eGroup Acitivities 634 eGroup Regular Club 13,367 Hanuman Chalisa 1,137 Havan 6,891 Mahashivratri 637 Navratri (Joint Navratri) 8,675 AGM - Bhajan (AGM) 105 Chaitry Navratri Men's Club 3,750 Music Class Harmonium Class 2,410 Ladies Club 198 Open Mike 1,550 Day Club 257 39,610 |
Restricted funds £ - - - Restricted funds £ - - - Expenditure £ (605) (14,150) (938) (7,478) (83) (7,100) (100) (672) (2,236) (2,400) (43) (1,122) (166) (37,092) |
Total 2023 £ 58,333 13,135 71,468 Total 2023 £ 8,313 2,517 10,830 Net 2023 £ 29 (783) 199 (587) 554 1,575 (100) (567) 1,514 10 155 428 90 2,517 |
Total 2022 £ 48,324 2,653 |
|---|---|---|---|
| 50,977 | |||
| Total 2022 £ 6,131 925 |
|||
| 7,056 | |||
| Net 2022 £ 205 - - 1,184 527 (856) - - (235) 131 (20) (74) 34 29 - |
|||
| 925 |
10
THE BRAHMIN SOCIETY NORTH LONDON
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
5 Total resources expended
| Unrestricted funds £ Depreciation 7,257 Community programs 34,550 Grant funding of activities 1,000 Total 42,807 6 Costs relating to community programs Unrestricted £ Printing, postage, stationery & eMailings 306 Computer Software/ Hardware/Program 305 Membership software 1,442 Insurance 2,472 Water rates 803 Light and heat 9,484 Telephone 1,054 TV Licence 159 Cleaning 3,423 Repairs and maintenance + Gardening 10,063 Equipment - Non Capitalised 1,318 Legal & Professional Fees 480 Bank charges+PayPal fee 360 Flagstone Management Fee 1,058 Other Sundry + Training 929 Grant Expenses Web site 893 34,550 7 Grants payable Unrestricted £* Grants & Funding 1,000 Grants to institutions relating to community Program comprise BEHT - Education Fund 500 GOSH Childrens charity - Go Dharmic - Covid19 Appeal - MacMillan Cancer Support 250 St.Lukes Hospice 250 1,000 |
Restricted funds £ - - - - Restricted £ - - - - - - - - - - - - - - - - Restricted £ - |
Total 2023 £ 7,257 34,550 1,000 42,807 2023 £ 306 305 1,442 2,472 803 9,484 1,054 159 3,423 10,063 1,318 480 360 1,058 929 893 34,550 2023 £ 1,000 500 - - 250 250 1,000 |
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 |
Society has opened Deposit Hub Account with CAF bank to facilitate better return on Fixed Deposits The investment is managed by Flagstone with a small service Fee.
11
THE BRAHMIN SOCIETY NORTH LONDON NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023
8 Trustees
Trustees or any persons connected with them, have not 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 2022 207,175 Additions - Cost As at 31 August 2023 207,175 Depreciation As At 1 September 2022 - Charge for the year - Depreciation As At 31 August 2023 - Net book value As At 31 August 2023 207,175 As At 31 August 2022 207,175 Other Debtors Prepayments 12 Creditors: amounts falling due within one year Accurals and deffered Income |
Freehold buildings £ 362,884 - 362,884 127,015 7,257 134,272 228,612 235,869 |
Fixtures, fittings & equipment £ 16,869 16,869 16,869 - 16,869 - - 2023 £ 12,001 5,475 17,476 2,023 £ 10,919 |
Total £ 586,928 - |
|---|---|---|---|
| 586,928 | |||
| 143,884 7,257 |
|||
| 151,141 | |||
| 435,787 | |||
| 443,044 | |||
| 2022 £ 4,072 2,770 |
|||
| 6,842 | |||
| 2,022 £ 9,213 |
12
THE BRAHMIN SOCIETY NORTH LONDON NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023
13 Funds
| Unrestricted Fund Analysis of net assets between funds Fund balances at 31 August 2023 are represented by: Tangible fixed assets Net Current assets Creditors: amounts falling due within one year |
Balance as at 31 August 2022 £ 940,111 |
Incoming resources £ 90,365 Movement |
Resources expended £ (42,807) in funds |
Balance as at 31 August 2023 £ 987,669 |
|---|---|---|---|---|
| Total funds £ 435,787 562,801 (10,919) |
||||
| 987,669 |
14 Analysis of net assets between funds
13