**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; - Pay a subscription determine yearly by Trustees; - 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 - Social Media Policy - Complaints Policy - Conflict of Interest Management Policy - Volunteers Management Policy - Investment Policy - 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: - 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. 2024 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: 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