SYD UK (a Company Llmlted by Guarantee) Company No: 04217305 R•glstored Charlty No: 1090984 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020
SYD UK (a Company Limited by Guarantee) Tru•te•¥ and Directors M. Cknudhary J. Whiteh J. Smith S•crntary Broadway Secretarlas Llmilod 1 Bartholomew Clo88 London EC1A7BL Bank•r• B4fclay8 B8nk plc Claph8m Common Group of Branc PO 8ox No. 4038 London SW12 9Y8 Ind•p•ndent Ex•mln•r• Mooro Klr¥Jston Smllh LLP Devon8hlre Hou8e 60 Goswoll Road London EC1M TAD Sollcltor BD8 Pltrnans LLP 1 Bartholomew C1088 London EC1A7BL R•gl•t•rodlPrlnclpal AddM¥ SYD UK Ltd 1 Bartholomaw Clos8 London EC1A 78L P88¢'. 1
SYD UK (a Company Limited by Guarantee) Trustees. Report For the year ended 31st December 2020 The trustees submit thr report and the accounts for lh8 y•ar •nd•d 31st Dae8mb8r 2020. The Charity was incorporated as a company limit8d by guarantee on 15th May 2001 and commenced its 8Ctivibes on 7th June 2002. The financial stAt8m8nt$ comply with current slalulory requirements, the Memorandum and A'cleS of Associatson and the S18temenl of Reccrfnmended Practice applicable to charilias prgparing their accounts in accordance wlh the Financial Rewting Standard applicable in tha UK and R8public of Ireland (The FRS 102 Charities SORP). Th8 regi818red ch8rity number is 1090984 Icompony numbor 4217305) and Ihg govgming documonl is the Mgmorandum and Articl9$ of Associallon. In August 2009. the Memorandum and Artlcle8 of A880clallon were updalod lo reflect current UK law le.g. Comp8ni88 Act 20081. Tru•t• The Trus1885 who s8rv8d the company durfng the yeor were as follows.. J Whll8hom M. Choudhary J. Smith lappoin18d 25 November 20201 Kelly (resigned 30 November 20201 Tru81e88 are appolnte¢Y In accordanc8 th tho M8mor8ndum gnd Art*lgs of A8socl8tS0n. Trust$. Rospon•lbllltl•• The trustees (who are glso directors of SYD UK for the purp0888 of company lawl 8re responsible for preparlng tho Trusleeg, Report and the fin8ncial 8lal8ments In accordance with applicable law and United KSngdom Accountlng Standards Iuniled lfjngdom Generally Accepted Aceountlng Practlc81. Company law requlr88 the truste88 lo prepare flnanclal statements for eoch flnan¢lal y98r 1¢h glve a true and folr vlew of the slate of affaSr¥ of Iho ¢horIae oompany and of Ihg Incomlng r8sources and applicallon ol resources, Includlng tho Income and expenditure. of the charlt8bla company for that perfod. In preparing these fin8nclal 81alemenis, the tru81e88 are requlred lo.. sel8Ct suitabl8 8ccountlng pollcie8 and then 3pply them consI8tenlly, observ8 the methods and principles in th8 ChariU8s SORP.. makg judgements and 88llmale8 that are reasonable and prudent., stale whether applicablg UK Accounting Standards havg bggn followed. subject to any malerSal departures di1$01 and explalned In the fln8ncial $181ements', prepara the financial $latgmenl¥ on Ihg golng concem basls unless It Is Inapproprlale lo presume that the ch8rlty wlll conllnue in business. The tru81e8s 8re responsible for keeping prop8r accounllng records %thich dlsclose wlth r8asonabl8 accuracy al any Ilme the financial position of th8 charll8blg company and ch enable them lo ensure that the fir)ancial statements comply th the Companies Act 2006 and the provisions of the ConslilLrtion. They are also responsible for safeguarding the assets of th8 charrtable company and hence for taklng reasonable steps for the prevenllon and d8lacllon of Ir8ud and olhef Irregul8rf1ie8. Page.. 2
SYD UK (a Company Limited by Guarantee) Trustees. Report For tha year ended 31st December 2020 Curr•nt Policy and Proc•dur•s for tho Inductlon ol Now Truste•# When becomlrvJ a Trustee, the person is familiarised wtth the rde of Truslea. the p8rticul8r rèspon$ibllilies of the TTusle8 they may be replaclng as well as having Ilme to Study the key do¢ument3 Suggested by the Charity Commission In publlcallon CC30 "Finding new trustees - what charities need to kno. Applicants for Trustees are Sntervl8w8d by members of th8 Board. A Criminal Rècords chack is a190 carried t)ul and the Board members Complete and sign the declaration of eligibility provided on the Charity Csjmmission website. Obl•ct. Actlvlty and Bu¥lne¥¥ Rgvl•w SYO UK has been formed a8 a religious charitable trust, wllh the object to advance 518 work In accordance with the principles of the Siddha Yoga tradition. In parUcul8r through th8 propagation of the teachings of Swami Muklananda Paramahamsa and Swaml Chldvila8ananda. Durfng 2020 SYD UK sall8fied this ¢harilable obj1 through.. {11 Facllltallng regular (weekly or monlhlyl touch bas8 maetings with the communtty members durlng the pandemlc via emails. telephone calls and othw virtual platfwms in 15 locations around England and Wai8S to advan¢9 the princi8$ ol sdha Yog8, lil) There were no programme8 org8ni8ed by SYD UK In 8ny of Ihelr venues due lo Lhe wOrwIde pandemlc. 11111 Thp community memb8rs were gU8d lo study and praclicgs relevant web81188 to encoura06 thom lo delve into the teachings of Slddh8 Yoga. Ilvl A project lo make provision lor Slddho Yoga leachlng and leamlng m8lerf818 (Book8, CD'S, DVD'8, elc) wlthin the UK was launch9d Iv) A prol9cI lo make the current SYD UK w8b8Ste rnora user frlendlywas launched. Ivll Provldlng comf¢3rt to the bereaved through the leaehlngs and practice8 of Siddha Yoga Medllallon. Ivill Grant making Sn Support of the Intemauonal mI88Ion of Siddha Yo08 Medlt81i¢)n Ifurthar detalls below). DurSng 2020. SYD UK'S Director'8 and Employees updalo- {1} Ms Bamadetle Kglly Iransllioned out as a Trusle818oard of DlreclorB In Novgmbor 2020. {151 MS Jo$lo Smith lolned as a Trustee and on th8 3oard ol Dlreclors In November 2020. {151 The main admlnlslralive 8nd financlal funcllony continued lo ba efflcienlty carried out by ong full Ilme staff member, 8UPPOrted on all fronts by volunteers who gove 9gngrou$ly of their tlme gnd skllls. Business R8vlew'. lil The level of donations h8$ do¢reasl during this year compared lo 2019. Although the overall donali¢)ns havg rgducod, SYD UK rgceived a bequest which conlributgd to smooth running of the charfty. Public 8•n•fit The aclivili85 described above demonstrate Ihg public benefit of SYD UK and fil well with Charity Commission Guidance on public bongfll for rgligious ch8rilie5 and the guidancè contained in 'public benefit.. runnlng a Charity (P821'. As such, the Trustees confirm that they havo oomplled wlh the duty in sacllon 17 of the Charllies Act 201110 have due regard lo the Charity Comml$sth's general guldance on public benefft. P¢.. 3
SYD UK (a Company Limited by Guarantee) Trustees, Report For the year ended 31st December 2020 ReseNes Pollcy The Iruslees have reviewèd thè r8sarv8 levèl and benchm8rke(I the SYD UK reserve level again81 other national Siddha Yoga organisatlons th tha assistance of SYDA Foundation. The reserve level is reviewed annually. thè current minimum tsrget level being £50,000, a level Ihal is capable of m8&ting 12 months of operational expenditure. In 2020. a conlingancy r8s8rv8 fund of £20,000 wa$ adt1ed to tAd(18 any unforeseen situations facad by the charity duè to the current uncertain silualK>n arising from covid. Grants In 2020, SYD UK award8d grants totslling £56.88012019.' £85,500). Thls was made solely out of unreslrfcted funds. A grant of £40,380 w¥s made lo SYDA FoundatSon to 8UPPOrt, m8inlain and preserve the bulldlng3 of Shrge Muklananda Ashr8m, malnlain the maln inlemational retreat site of Siddho Yoga Modilalion, end lo promote Slddh8 Yog8 worfdbmde, with partS¢ular grnphasis on the coordination of leachlng events of Slddha Yoga Swamis and Soholars. The Truslges also declded lo make 8 Grant of £16,500 lo SYSEU, UK, 8 chartty which has a slmllar objects lo SYO UK. In the year there werè no additional grants. R•Jult* The re8ull8 for the r are staled on pag8 7. Rljk A•sv•m•nl Stht•m•nt Thè Trustees have Idonliflo(I lh9 prfncSpal areas of polenlial rlsk lo the charity and are engaged In an ongoing pro$$ of revlewlng each polanlial ri8k 8raa and, vthere appropriate, pulllng In place measures lo mlllgale such risks. Al SYD UK meellng venues remalngd ¢10sgd due lo tho high rtsks idenlifl9d from Covld. 19. R•latod P•rtl SYD UK Ss r8Lai8d to SYOA FIntion, the US-ba8ed, non-proflt foundation that protect8, pre8arve8 and dlss8mSnalgs the leachlngs of Siddha Ycpa throughout the worfd, SYD UK makes grants in support of the International misslon of SYDA and the upkeep of the rgsidgnlSal ¢onlre In upslale New York whlch sorvos as tho headquarters of SYDA. SYDA Foundat1 Is Mentoned In the Artlcles of Association of SYD UK and has been granlgd cerialn rights ¥thIn the Articles, for example SYDA Foundation n8eds lo approve changes lo the Artlcles and the appolnlmenl of new Trustee5. SYDA FoundalSon 0189 has tho rfghl lo nomlnale someone to solve dlsputes bgfv48en the Truste88 of SYD UK Should they occur. Futur• PhnB Ourfng the comlng year, we intend lo continue lo support th8 mlssion of Slddha Yoga Meditation in the UK In simllar manner to 2020. Peopl8 wlll oncour8ged lo connect vlrtU8lly lo platlorms to support thelr study and practlces. This wlll continue until the Board decides that risk3 associated with Covid are considerably low. The 8oard wlll a180 revlew the 511u8Uon and follow Gov8rnm•nl guidellneg and make Infomed ¢Jgcisbns accordingly. The Trus1885 have launohg(l a rgslruoluring project os 8 part of Ih8lr slr81egic p18n towards 8UStainable working and succession planning. The Trustees have also laun¢hed a Menlorfro Proleci as part of their strategic plan lo mentor futur8 leaders for tho ygars lo come. Page.. 4
SYD UK (a Company Limited by Guarantee) Trustees Report For the year ended 31 st Decomber 2020 Small Company Rul Th888 acwunls have been prepared in accordance wllh the speckil provisions of Part 15 of t1 C¢xnpanies Act 2006 rel81ing lo sm811 companies and the Sialwnent of Recommended Practice applicable lo charities preparing their a¢¢ount8 in accordance with th8 Financial Report9 Standard applcablo in th8 UK and Republic ol Iraland (The Charilios SORP FRS 1021. On bohalf the Tru8t809 Msmg Tru8t88 oudhary Dalè.. 96. of: •2oai PAge.. 5
Independent Examiner's Report to the trustees of SYD UK I report lo the charity trustees on my examination of lh• accounts of tha Company for the wr 8ndéd 31 December 2020. R•8pon8lbSlltl•$ and basls of roport As th8 charity's trust99$ of the Company {and also Its dlrectors for the purpose8 ofcompany lawl you are responslble for the preparallon of the accounts In accordanc8 with the Tequir8m8nls of the Companies Act 20061'lhe 2006 Acl'l. Havlng sallsfied myself that the a¢count8 of the Company ara not required lo be audited under Part 16 of th8 2006 Act and are eligible for independent gxaminalion. I report in rèspacl of my examinatiDn of your charity's accounts as carrièd out under section 145 01 the Charities Act 20111'lhe 2011 Acl'l. In carrying out my examinatson I have followed the Directions given by the Charfty Commisslon undor $tn 14515) Ibl of thè 2011 Act. Ind•p•nd•nt Examln•rf* 8tat•m•nt I have completed my examlnallon. I c¢)nfirm that no mallors have come to my attontion in wnnoclSon th Ihe gxaminauon glving ma cause lo b8lleve'. accounllng records wore not kept in re8P8Ct of the Comp8ny as requlred by 58Ctlon 388 of th8 2006 Act., or the ocGounl$ do not 8ccord th those records,. or (he acGounls do not comply Mlh the 8ccounllng requlremenls of Sectlcn 396 of th8 2006 Act other Ih8n any requlremenl that the accounts give a'lrue and falr vlew whlch18 not 8 m8tttr con8ldeTed as part of an Independent axaminatlon., or Ihg gccounls have not been ppared in 8ccord8nc8 with the methods and Principles of the Slalemènt ol Recommended ProCti¢o for aG¢ounts'ng and roportlng by ¢harilles applicablg to chorlt+gs preparing Ihelr ac¢ounl8 in accordance wrth Flnanclal Reportlng S18nd8rd8 applicable In the UK and Republlc of Ire18nd IFRS1021, 21 31 4) I have no concems and have come across no other mallers In conneclSon th the examination lo which 8llenlion should be drawn In thls report In order lo anabL8 a prq)er undw81andlng of Ihg oc¢ounls lo be rgg¢hgd. h-4ék•'° Karen W•rd•ll IFCC4 ICAEWI Partn•r For and on b•half of Moor• Klng•ton Smlth LLP Charterod Accountants D8te.' 6 May 2021 Dèvonshirè Housa eo Goswell Rood London EC1M 7AD Page.. 6
SYD UK (a Company Limited by Guarantee) Statement of Flnanclal Actlvlties For the year ended 31st December 2020 Unr•strlct•d Fun(ts Total 2020 Total 2Q19 Noto INCOME AND EXPENDITURE Incom• from: Donations and legacies Inveslrnenls Charitabl8 Activities Other trading Income 110,279 41 7,498 1,292 110,279 41 7,498 1,292 67,188 100 58,387 5,758 Total 119,110 119,110 131433 Exp•ndlturn on: R81slno fund8 Charllable Acilvitl88 Grants made Meellng8 and retre8t8 Othor charllable c08t8 13 1.008 1.008 1.933 15 56,880 56,880 86.500 2,061 61.810 14 35,887 35,867 Total 93,75S 93.755 141.104 Nel Incom(expendIIU1e) 26,355 2S.355 19,6711 Total lund8 brought forward 51.207 60,878 Totsl fund8 corrfed forward 70,562 70,562 51,207 JI Income In the 2019 and 2020 flnanclal year8 Was unra8trlcl8d. All dl8dosures relate onty to c0nllnu1r operallons. There are no recognlsed golns or108888 other than the net Incomlng resource8 for the year. A Separate Incom8 and Expenditur8 Account has not been pr•pared 8811 WOU not mo19riolly differ from the Statement of Financial AclNilie5. P*ge'. 7
SYD UK (a Company Limited by Guarantee) Balance Sheet at 31st December 2020 Not• 2020 2020 2019 2019 Flx•d As$•ts Tangible 88801s 570 760 Curr•nt A•8et3 stks Debtors Cash 8t bank and in hand 2,420 5,724 127,857 2,958 6,592 132,516 136,001 142,086 Creditorn: Amount8 falllng du• within on• y•*r N•t Currfrnt A•••t• 75.992 Totsl A8•ots 78,562 51,2C Fund• Unre8tricl•d Fund8'. General Fund 51.207 76 562 51207 Far the year ending 31 December 2020. the company 18 exempl from the r•quirements r8lating lo preporing audited accounts in accordance with Soction 477 of the Comp8ni96 Act 20Ce relating lo small companies. Thg m•mb8rs hove not requlred the company to obtaln an audtt ol its accounts for th8 year In question in accordance with 8ection 476 of the Companie8 Act 2006, The dlrgctors acknowledge Ihelr respon81bility for comptying with the requirements of the Act with re8p¥i lo 8c¢ounling records and the preparation of accounts. Th88e accourrts have beon prnpared in accordance wlth the provl&ion6 apPIab lo companies subject to the Small Compan8. regime. The account¥ were appioved and 8ulhori8od for i88ue by board on and sign&d on ils behalf by.. Mg Manisha Choudhary .... Trustee Company No.. 04217305 Page.. 8
SYD UK (a Company Limited by Guarantee> Notes to the Financial Statements For the year ended 31st December 2020 1 Accountlng Polici•s Accounting Conv•ntlon Tha lirtancial slalemenls have been prepared in accordanc8 with the Financial Reporbng Standaié applicable in the UK and Republic of Iraland IFRS 1021 published ¢)n 16 July 2014. The Company is a public benefit entity and a r8gislèred charity established as a company limited by guarantee and therefore ha5 also prepared its finanaal 51alem8nls in accordance wih the Sla18menl of Recommended Practice applicable to Charities preparing their accounts in accordanc8 wlth th8 Financial Reporting Standard in tha UK and Republic of Irdand (Tho FRS 102 Charllle8 SORPI, the Companles Act 2008 and CharlU88 Act 2011. The financial statemgnts are prepared In slorflng. which Is the functlonal currency of th8 ch8rSty. Amounts pre$grited are rounded to tho nearest pn. Golng Conrn and Slgnlficant Ev•nt• After th• R•portlng Date The Irusloes have ass8s8ed whether the u8e of the golng concern pollcy 15 approprlate and have consOre P¢Ydsiblo even13 or condhions that might cast signbficanl doubt on the ability of the charitable company lo continue as a going concam. The truste8s hav8 mada this assassm8nt for a period of al18ast one year from the dole ol the approv81 of these fin8ncl8181alemenl8. In paTdcular, the Iruslees h8V8 considered the ch8rll8ble comp8ny'8 forec8515 and projections and have taken account of pressures on Incom8. After maklng 8nquiries, the trustees hav8 concluded that there is a raasonable expectation Ih8t the charitabl8 company has adequate rasourcas lo continue in oper811onal exlslence for the for8s88able fuiure. Th8 charitabl8 company therefore continues lo adopt the going concern basi5 In prep8TSng ils linanrjal $18temenl8. As far as currently known, the flrsl $9$ ol coronavlrus Infecllons In humans b8came known al the end of 2019, vthen the spread was localty Ilmllod. Only the signmcanl expanslon of the corcn8virus slnce January 2020 has led lo the current economic effects. In tha trusees, opinlon, th8 occurrenca ol the coronavifus Is a global threat. Wllh rggard lo the annual financl8181alements as of 31 Decernber 2020, 11 is not consldered an event 8ubsequenl lo the balance sheet date bthlh o malerlal effgcl on such flnanclal $ialomenls. Whi18 the $prgad of the coronavlrus has a neg811ve Imp8cI on buslness acllvill88,11 is currenlly not PO88lble to make 8 rellable estimate on the depth of the impact on busine8s aclivltleB. We assume that thSs do85 not repyesenl a threat lo the Compang8 ablllty lo conllnue a8 8 going concern. There are no further events aftw the balanc8 sheet data that requlre dlsclosurè. Incom• Income from all sources Is 8ccounled for on a recelvable basls when thera 18 eVIdCe of enlillem8nl, th receipt Is probabl8 and the amount ¢8n be measured reliably. Direct Charitablo Exp•ndSturg Direct charitable expenditure includes all expenditure incurred in pursuance of the charills obj8clivos. Grants payable are inGludod In Ihg Slalemenl of Flnanclgl Acllvllos when gpkxoved by Iruslges and offered to the grant89. Expenses incurred on adminislralion and fundraising gr8 allocated lo those categories in the stalemanl of financial activities. Governance costs, which are includad wthln the charlll8 SUPPOrt Costs. ore those incurrad on conslmulional compllance and slatulory requirements. P#ge'. 9
SYD UK (a Company Llmlted by Guarantee) Notes to the Financial Statements For the year ended 31st December 2020 (Contlnued) 1 Accountlng Pollcl•s Icontlnuodl Depreclatlon of TangSbl• Flx•d A¥s•t8 Depreciation is provided on all tangible fixed assets so as lo write them off over their anlicipaled useful lives al the following annual rates on a reducing balanc& basis. Fixtures and TIngS Assgts over £500 are capltallsed. 25% Stocks Stocks are valued al the lower of oosl. including 8Ptxopd8le overhead expenses, and nel realisoble volue. Flnancl•l In8trum•nts l. Baslc Flnanclal A¥¥•t¥ 8aslc financial assets. lch include trade and olher r8c8ivables and cash and bank balances, are initially measured al th8 amount rec8lvable and svbsequenlty 8dju81gd for any Impalmignl or ¢)thor change in considèralSon expected lo be received on 88lllemenl. 11. B••lc Flnanclal Ll•bllltl•• Ba8Sc 1Sn8ncl81 liabllllle8, Inclu¢YlrKJ trada and other payables 8re In(tlally measured 81 the amount payatle and 8ubsequenlty adluslJ for 8ny changg In Gonslderallon gXPg¢ted lo bo pald on ¥etllom8nl. Ca•h nd c••h •qulval•nts CAsh and cash equlvalant8 are cash 81 bgnk and In hand and 8hort lami depos118 vAlh a malurfly data of three months or less. unr0•trfct Funds General funds comprise amounts whlch ¢an be used In accordance with the charflable oblectlves al tho dlscretion of Ihe Tru818e8. O••lgn•l•d Fund• Oesignaled fund8 comprfse amounts whlch have bean ¥01 asld8 at the dlscr8tlon of th8 tru8tees for 8p8cII purposes. R•8trlctgd Funds Restri¢1gd funds relate lo grants and donallons recoived for 8pedfic purpo888. Key Judggrn•nts and •fjtlmatlon un¢•rtalnty Depreciation is ¢harg8d over the estimated useful Ilfe ol assets In usa for more Ih&n one year as detailed above. We do not belleve there lo be any other keyiudgmenls or esllmalion uncertaintSe8. 2 N•t In¢omlnglloutgolngl ro8ourco• for th• y•ar This Is stated aftgr charglng: 2020 2019 Independent examiners, remunerab'on.. Independent examlnatlon Other services 4,752 330 4,578 330 3 Inv•stm•nl Incom• 2020 2019 Bank inter8st ceIvable 41 100 Page.. 10
SYD UK (a Company Limited by Guarantee) Notes to the Financial Ststements For the year ended 31st December 2020 {Continued) 4 Incom• from ch•rltablo actMtI•s 2020 2019 Inlgnslvas and cour888 7.498 58,387 S *thlti•• for generatlng funds 2020 2019 Bookstore Accommodation, meals and amrit 1.186 126 2.438 3,319 6 8t•ff Co¥ts 2020 2019 Salary The charlty had 1 12019: 11 èmployee during tho year, who wgived less Ih8n £60,000. There were no relmbur8èmenls to Iru$lo9s during Ihg year12019'. nll) and no Iru8te8 rec8Sved remuneralion12019.' nlll. The charliy d( not con8ld8r any of tho Staff iemuneraled to bo key manag8m8nt Pgr80nnel. 7 T•nglbl• Flxed A••ot• FlxturoB •nd Flttlng• Co•t or V¥luatlon Cost as 181 January and 31st Dacember D•proclatlon Al 1st January 2020 Charge for the year Al 3181 Oecembar 2020 1,880 190 N•t Book V•lu• Al 31st December 2020 570 At 3181 D9rnber 2019 780 8 Sto¢k• 2020 2019 Bo)k$loro Stk 2.420 2.958 9 D•btor• 2020 2019 Other deblors Prepayments 5.563 181 6,442 151 5.724 6,593 P4e'. 11
SYD UK (a Company Limited by Guarantee Notes to the Financial Statements For the year ended 31st December 2020 {Contlnued) 10 Cr•dhors: Amounts falllng du• wlthin on• y•ar 202Q 2019 Trade creditors Grant creditor Taxatbn and s141 securfly Sundry GrlIOrS and accruals 266 54,380 301 5.040 85,$00 319 4.940 00.009 11 R•l•tsd P•rtl SYD UK Limlted h88 slster organlsallon8 In the Unlted Stoles of Amerfca Ilhe SYDA Foundallonl 8nd the EU ISYSEUI. Durfn9 the year SYD UK Llmlled h88 entered Snlo VarisJUS tran88ctlons th ily sistar organlsalion8 and made varl¢)U8 gr8nl8 in respect of Its work. FLtII dotaS13 of tho grants modo aro dlsclosed in nota 15 to these accounts. Includgd in creditors 19 an amount of £40.38012019'. £85,500) whlch was dug frorn SYD UK LlmSled lo SYDA Foundallon 81 the end of the year and £14,cOI2019'. £nll) due lo SYSEU. 3 Iru81898 {2019'. 51 made unreslrlcled donallons lolalling £40110 SYD UK In the ygar {2019-. £9101. 12 M•mb•rn' Ll*blllty The number of member$ o131$1 December 2020 was 312019.. 31, and Ihelr li8blllty In Ihe avant of the wlndlng up of Ihg company Is Ilmlled lo £1 each, Trusle8'5 indemnlty Insurance was purchased durlng the year a8 Part of a comblned polScy al a ¢oBt 01 £1,92912019.' £1.801). 13 CoBt gf r•l•lng fund• Total 2020 Tot41 2019 B¢Jok8lore 1,933 14 Oth•r chirltable co•i• Total 2020 Total 2019 Rent and rates Telephone Hire and use of preml8e8 and equlpmenl Insurancè Printing, stationery and poslagg Legal & professlonal Miscellan8ous expense D8pr8cl8tlon Salarles Database costs Indepandant gxamlners fee Bank ch8rges 3.384 176 1,537 1.918 672 493 281 190 20.138 988 5.082 1,008 8,808 10.815 1,801 428 493 852 253 20,088 920 4.908 1,978 35.867 Pw'.12
SYD UK (a Company Limited by Guarantee) Notes to the Financial Statements For the year ended 31st December 2020 (Continued) 15 Grants In 2020, SYD UK awarded grants lotalling £40.38012019.' £85,5CQ} lo the SYDA Found8llon for the developmgnl and mainlononce of Bulldbngs and Templ88 in Shree Muklananda Ashram, the Slddha Yoga Website and Sw8ml and Scholar coordination and £18.50012019.' £nill lo SYSEU. UK, charity which has a similar obj8Gts lo SYD UK, lo support thelr operallons.