**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: - 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 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 - 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 _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: - 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: 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