Charity Registration No. 287810
THE BRAHMIN SOCIETY NORTH LONDON
TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
THE BRAHMIN SOCIETY NORTH LONDON
TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
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 2023 To 31 August 2024
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 | Membership & Eclub |
| Ramnik Joshi | Treasurer | Men’s Group |
| Selina Rawal | Secretary | Young Brahmin |
| Vinod Mehta | Trustee | T Club |
| Bipin Thanki | Trustee | Open Mike & Media |
| Pramath Pandya | Trustee | Building |
| Sameet Pandya | Trustee | |
| Ashwin Thaker | Trustee | Resign as of 31 July 2024 |
Post Balancesheet Trustee Appointment
Rajiv Vyas Trustee Joined as of 1 September 2024
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;
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Pay a subscription determine yearly by Trustees;
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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
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: Summary of the objects To provide the means and facilities for education, religious, cultural and of the charity set out in recreational activities and where possible, provide Hindu Priests for other its governing 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. We are grateful for the many hours volunteers, including member volunteers, have spent listening and encouraging our members and working with The BSNL’s Additional details SubGroups to deliver various services. Without this valuable contribution of time, energy and 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, T Club meeting every Thursday and Open Mic meeting every month. Young Brahmins group are flourishing. They have planned various activities and taking active part in main samaj activities. Celebration of Hindu festivals have included: Bhajans, Maha Shivratri Pujan, Hanuman Chalisa recitals, Navratri over nine 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 31/08/2024 was £621,239, included £492,000 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 53% 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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Social Media Policy
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Complaints Policy
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Conflict of Interest Management Policy
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Volunteers Management Policy
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Investment Policy
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Risk Management Policy
Declaration
On behalf of the charity’s trustees
Full Name Parul Jani Position Chair Date 08 March 2025
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 2024 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.
2024 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
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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: 10/03/25
6
THE BRAHMIN SOCIETY NORTH LONDON STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2024
| Notes Incoming resources from generated funds Voluntary income 2 Investment income 3 Incoming resources from charitable activities 4a Other Income 4b Total incoming resources Resources expended Charitable activities Community programs 5 FOR THE YEAR ENDED 31 AUGUST 2024 Total resources expended Net (expenditure)/income for the year/ Net movement in funds Fund balances at 1 September 2023 Fund balances at 31 August 2024 |
Unrestricted Funds £ 11,536 82,668 94,204 21,948 120 116,272 (46,163) (46,163) 70,109 987,669 1,057,778 |
Restricted Funds £ - - - - - - - - - - - |
Total 2024 £ 11,536 82,668 94,204 21,948 120 116,272 (46,163) (46,163) 70,109 987,669 1,057,778 |
Total 2023 £ 8,067 71,468 |
|---|---|---|---|---|
| 79,535 10,830 - 90,365 |
||||
| (42,807) | ||||
| (42,807) | ||||
| 47,558 940,111 |
||||
| 987,669 |
7
THE BRAHMIN SOCIETY NORTH LONDON
BALANCE SHEET AS AT 31 AUGUST 2024
| 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 FOR THE YEAR ENDED 31 AUGUST 2024 Total assets less current liabilities Income funds Restricted funds 13 Unrestricted funds |
2024 £ £ 428,530 19,369 621,239 640,608 (11,360) £ 629,248 £ 1,057,778 - 1,057,778 1,057,778 |
2023 £ £ 435,787 17,476 545,325 562,801 (10,919) 551,882 987,669 - 987,669 987,669 |
2023 £ £ 435,787 17,476 545,325 562,801 (10,919) 551,882 987,669 - 987,669 987,669 |
|
|---|---|---|---|---|
| £ | ||||
| 987,669 | ||||
| - 987,669 |
||||
| 987,669 |
The accounts were approved by Trustees on 18 September 2024
Parul Jani (Chair) Trustee
Ramnik Joshi (Treasurer) Trustee
8
THE BRAHMIN SOCIETY NORTH LONDON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
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 £ 11,536 |
Restricted funds £ - |
Total 2024 £ 11,536 1,391 10,145 11,536 |
Total 2023 £ 8,067 |
|---|---|---|---|---|
| 1,245 6,822 |
||||
| 8,067 |
9
THE BRAHMIN SOCIETY NORTH LONDON NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024
| 3 Investment income Unrestricted funds £ Rental income 61,801 Interest receivable 20,867 82,668 4a Incoming resources from charitable activities Unrestricted funds £ Members subscriptions 10,836 Sundry programme receipts (Net) 11,112 21,948 4b Other Income Compensation 120 Receipts £ Navratri (Joint Navratri) 4,925 Havan 9,744 Bhajan 303 YB - Kite event 169 Mahashivratri 358 Desi Connect / Speed Date 725 AGM /Holi 9 Hanuman Chalisa 1,467 YB Sports Day 0 Harmonium Class 910 eGroup 18,591 Men's Club 4,697 Day Club 12,610 Open Mike 2,494 Ladies Club 57,002 |
Restricted funds £ - - - Restricted funds £ - - - - Expenditure £ 0 (8,540) (520) (202) (351) (670) (392) (614) (491) (920) (18,729) (2,854) (9,433) (2,174) (45,890) |
Total 2024 £ 61,801 20,867 82,668 Total 2024 £ 10,836 11,112 21,948 120 Net 2024 £ 4,925 1,204 (217) (33) 7 55 (383) 853 (491) (10) (138) 1,843 3,177 320 11,112 |
Total 2023 £ 58,333 13,135 |
|---|---|---|---|
| 71,468 | |||
| Total 2023 £ 8,313 2,517 |
|||
| 10,830 | |||
| - | |||
| Net 2023 £ 1,575 (587) (567) 554 (100) 199 10 (754) 1,514 90 428 155 |
|||
| 2,517 |
10
THE BRAHMIN SOCIETY NORTH LONDON NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024
5 Total resources expended
| Unrestricted funds £ Depreciation 7,257 Community programs 37,906 Grant funding of activities 1,000 Total 46,163 6 Costs relating to community programs Unrestricted £ Printing, postage, stationery & eMailings 297 Computer Software/ Hardware/Program 295 Membership software 1,584 Insurance 2,635 Water rates 1,210 Light and heat 10,091 Telephone 1,099 TV Licence 159 Cleaning 3,710 Repairs and maintenance + Gardening 9,074 Equipment - Non Capitalised - Legal & Professional Fees 3,500 Bank charges+PayPal fee 348 Flagstone Management Fee 881 Other Sundry + Training 1,729 Web site 1,294 37,906 7 Grants payable Unrestricted £* Grants & Funding 1,000 Grants to institutions relating to community Program comprise BEHT - Education Fund 500 MacMillan Cancer Support 250 St.Lukes Hospice 250 1,000 |
Restricted funds £ - - - - Restricted £ - - - - - - - - - - - - - - - - Restricted £ - |
Total 2024 £ 7,257 37,906 1,000 46,163 2024 £ 297 295 1,584 2,635 1,210 10,091 1,099 159 3,710 9,074 - 3,500 348 881 1,729 1,294 37,906 2024 £ 1,000 500 250 250 1,000 |
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 |
11
THE BRAHMIN SOCIETY NORTH LONDON NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024
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 2023 207,175 Additions - Cost As at 31 August 2024 207,175 Depreciation As At 1 September 2023 - Charge for the year - Depreciation As At 31 August 2024 - Net book value As At 31 August 2024 207,175 As At 31 August 2023 207,175 Other Debtors Prepayments 12 Creditors: amounts falling due within one year Accurals and deferred Income |
Freehold buildings £ 362,884 - 362,884 134,272 7,257 141,529 221,355 228,612 |
Fixtures, fittings & equipment £ 16,869 16,869 16,869 - 16,869 - - 2024 £ 16,567 2,802 19,369 2,024 £ 11,360 |
Total £ 586,928 - |
|---|---|---|---|
| 586,928 | |||
| 151,141 7,257 |
|||
| 158,398 | |||
| 428,530 | |||
| 435,787 | |||
| 2023 £ 12,001 5,475 |
|||
| 17,476 | |||
| 2,023 £ 10,919 |
12
THE BRAHMIN SOCIETY NORTH LONDON NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024
13 Funds
| Unrestricted Fund 14 Analysis of net assets Fund balances at 31 August 2024 are represented by: Tangible fixed assets Net Current assets Creditors: amounts falling due within one year |
Balance as at 31 August 2023 £ 987,669 |
Incoming resources Resources expended £ £ 116,272 (46,163) Movement in funds |
Balance as at 31 August 2024 £ 1,057,778 |
|---|---|---|---|
| Total funds £ 428,530 640,608 (11,360) |
|||
| 1,057,778 |
13