SIDDHA YOGA SANGHAM OF EUROPE (a Company Limited by Guarantee) Company No.: 04626514 Registered Charity No.: 1101410 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
Siddlia Yoga Sangliam of Europe (a Conipaiiy Liniited by Guarantee) cowrENTS Page Leg212nd Administrative Details Trustee's report Independent E.Yaminers Report Statement of Financial Activities B212nce Sheet NTotes to the accounts 10-
Siddha Yoga Sangliani of Europe (a Company Limited by Guarantee) LEGAL AND ADMINISTRATIVE DETAIIS Trustees Is R Talwar fr P. Lumley-saville Appointcd by Siddha Yoga Sangham of Europe The trustees are also directors in accordance with Companies Act 2006. Compan)" Number 04626514 (England and W21es) Charity Registered Number 1101410 Registered Office Br02dfield Law UK LLP, One, B2rtholomew Close, IA>ndon United Kingdom Independent Examiners Power Account2x Limited Iailbox 3, Solent Business Centre, 343 ThIillbrook Road West Southampton S015 OHW
Siddha Yoga Sangham of Europe (a Company Limited by Guarantee) TRUSTEE'S REPORT Siddh2 l'oga Sangham of Europe (SYSEU / tlic Charity) is a company limitcd by guarantcc 2nd is govcrned by its Nlemor2ndum and Artides of Association, last amended by 2 Written resolution on 15 Scptcmbcr 2009. 'Thc CompAny w28 incorporatcd on 31 Dcccmbcr 2002 2nd was rcgistcrcd as a chlty on 8 Januiry 2004. Thc two trustccs arc also the mcmbcrs of thc Company. Ii2bility of the mcmbcrs is limited to £1. tce nsibilitie The trustees, who arc also dircctors of the Charity for thc purposcs of the Companies Act, submit their report and auditcd accounts for the yc2r endcd 31st hIarch 2025. The trustees have adoptcd the provisions of the Statcmcnts of Recommended Practicc (SORP 2005) "Accounting 2nd Rcporting by Charities" in prcp2ring the rcport and financial statcmcnts of the Charity. The trustccs are responsible for kccping propcr accounting records which disclosc with rcasonable accuracy at any time thc fmancial POSltion of thc Charity and which enable them to cnsurc that thc financial statcments comply with the Companies Act 2006. The trustecs arc libted on page l. Thcy arc appointed in accordance with the Nfcmorandum and Articles of Association of Siddha Yoga S2ngh2m of Europe. Prin al Activi SYSEU h2s been formed as a rdigious charitable tru.s¢ with 2n objcct to advancc thc tcachings and principles of Swami Nluktan2nda and Swami Chidvi12S2n2nda. In furtherance of thc Objects of the Ch2rity, but not otherwise, the Charity may exercise powers to collcct 2nd disseminate infornution relating to those objccts 2nd spccifically, publish information in the form of books, Icaflets, tapes and other medi2 2nd providc programmes, mcctings, Iccturcs, dasscs, rctrcats, seminars and training courscs. SYSEU currendy employs I pcrson full time. Thc Charity, through its staff 2nd with thc assist2nce of voluntccrs, supports and assists with the disscmination of teachings and inf0mtion rclating to the Siddh2 Yoga tradition throughout Europe, Africa, Israel 2nd the Caribbean. SI'SEU supported events taking p12cc in European countrics: IIukt2n2nd2 Dhy2n2 Sapt2hs in Europc Family Retrc2ts A D2y of Siddh2 Yoga Practices Young Adult Rctre2t Glob21 Audio Events NT2tion21 IIeetings Ongoing support to the national structures in the European countries SYSEU works dosdy with the trustees, directors 2nd m2n2gers of Siddh2 Yoga national organisations throughout Europe, acting ab an interf2ce between those Org1zationS 2nd the SYDA Foundation (SYDA), a not for profit org2niz2ti0n incorporated in the United St2tes of Americ& SYSEU hdps the various Siddha Yoga org2nis2tions in Europe, Africa, Israd and the Catibbean to solve local ibsues 2nd offers tr2ining 2nd guid2nc This year. SYSEU supported the countries facing reorganizations of thcir structures by offering advice and facilitating communications with the SYDA Found2ti0n. Ch2nges induded: Continued support to existing Chanting and NIedit2ti0n Groups with no legal entity Form21is2tion of 2nd support to new Chanting & NIeditation Groupb New Hosts for current Ch2nting 2nd Mcdit2ti0n Groups aosure of Ch2nting and hlcdit2tion Groups Transition from ccntrc status to Chanting and NfLditation Groupb Creation of further Region21 Centres in France oversccing a group of Chanting and Nleditation Group¥• Support to the reopcning of 2 new vcnuc for the SYhIC in NIadtid Opening of Ch2nting and hlcditation Groups New trustees in countries in Europe Opening of 2 legal entity in Austria SYSEU is continuing to offer dircct support to thc national orgranibations and centreb facing speafic itsisueb induding. t£2dership and PR issucs
Siddlia Yoga Saiigham of Europe (a Conipany Limited by Guarllntee) Simpli Ing the N2ti0na] Structurc in Germany into one org2nis2tion to replace thc existing two or iS2tion Nation Lcadcrship mectings with spccific guidance for tlic countrie to ensure alignmcnt with thc SYDA found2tt0n PriOritic8, poliacq, guidclincs and dircctions Project dcvelopmcnt in cooperation with SYDA Foundation SYSEU works in close p2rtncrship with SYDil foundation to ensurc the cffcctive tsnplcment2ti0n of new tratcgies, policics and guidclincs in thc Europcan countrics. Anal)'sis, proposals and recommendations are given to the foundation so that all the sistc organi82tions" throughout the world, 2nd e.spcaally in Europe, move forward togcther in 2 harmonious and financially sustainab 2nd in ali ent with the principlcs of the Siddha Yoga tradition 2nd the global goals and policics of the SYDIl Foundation cway The Trugtccs confirn] that thcy havc complied with thc duty in Scction 4 of the Charitics 2Ict 2006 to have duc rcgard to the Chati Cornmission's gcncral guidancc on public benefit. SYSEU meets the public bcncfit principle by contributing to the spiritU21 wcllbcing of Siddha Yoga Studcnts/devotees throughout Europc. In p2rticu12r, SYSEU providcs and/or supports facilitics and scrviccs th2t cnable thc Siddha Yoga teachings to be disseminatcd to current 2nd ncw studcnts/dcvotees in Europc. Such facilitics and scrviccs indudc training courscs, educational workshops, spiritual rctre2ts, online courses, books and audio-visual tools. In Europc, as well as all ovcr the world, the Siddh2 Yoga organisations promot 2nd support Siddha YO hIcdit2tion Centres and Chanting and NIcditation Groups whcrc pcoplc can gathcr to stud the Siddha Yog tC2chings and cngage in thc Siddh2 Yoga Path amongst new and currcnt studcnts/dcvotccs throughout Europe ine Donations SYSEU rcceived £69266 in donations (before Gift Aid) from April 2024 to NIarch 2025. SYSEU received 2 gr2nt of £16,500. Grants made SYSEU h2s sent 2 grant of £50,CM)O to SYDA Foundation. Restricted Funds NTO restricted funds were accounted for this period. All the donations rcccived were for the general purposeb of Siddha Yoga European devdopment 2nd the glob21 work of the SYDA Foundation. Reserves Policy The trustees 2im to have reserves c2P2ble of meeting 6 months of operation eipenditure as 2 minimum reviewed annually. As on 31st March 2025, Siddha Yoga S2ngham of Europe exceeded this level by approximately 53 % as tot21 reserves at the year end were £37,880, of which £1383 is tied up in fLxed assets, leaving £36,497 of "free" unrestricted funds. The trustees consider this an appropriate level of reserves to sustain the ongoing activities of the chatity. Future Plans SYSE will continue to support the mission of Siddha Yoga by facilitating thc dibbcmination of the SidLlha Yoga teachings in Europe2n countri SYSEU will altso continue to support and provide organisational support to Siddha Yoga entities centres and ch2nting 2nd meditation groups in Europe. Risk Assessment e truste ve identified the pnnap212re2s of potential nsk to tlie Charity and are engaged th an on-going proce of rcviewing each poten 2n(L m2n2gement meetin ere 2ppropri2te, puttingi in placc meatrsufcti to mitigate buch riJkb". Illl major i5SUeb are disCUbSed in board and tees do not consi regularly. Risk 2Str*essments" are part of thc 6ybtemb at SYSEU, and are considered for each individual projec er that ere are any major bpeafic rièiks that are currently bLing faced b the Chari
Siddlia Yoga Saiigliam of Europe (a Coiiipaiiy Limited by Guarantee) St&qtcm_cnt of Trustccs, Rcsponsibititics lknc trustccs (wlio arc alqo dircctors of Sidd112 Yoga S2ngh1m of I;uropc for thc purposcs of comp2ny121v) are rcbponsiblc for prePing thc Trustccs, Rcport and tlie fin2ncii1 st,qtcmcnts in qccord1ncc with qpplicablc law and Unitcd Kingdom Accounting Standirds (Unitcd Kingdoin Gcnerall), Ilcccptcd Ilccounting Practice. Compan), law rcquircs trustccs to prcparc finanaal statemcnts for cach financial ycar which give a true 2nd fair vicw of thc state of thc affiirs of dic chItabIC company and of dic incoming rcsourccs and application of rcsources, including thc income and cxpcnditurc, of thc cliirit1ble conipan), for that pcriod. In prcplring these fmanci21 statcmcnts, thc trustccs are rcquircd to: sclcct suitablc accounting policics 2nd dicn apply thcm con.sistcntly9 ob6icrvc the methods and principlcs in thc Charitics SOIIP. mike judgcmcnts and cstimatcs diat arc rcasonablc and prudcnt. statc whcthci applicable UK Ilccounting Standardb have bccn followcd, subjcct to any material departieS disdoscd and phined in thc fininaal statcmcntb. prePe tlie financid btatciiicntb on tiic going conccrn basis unlcss it is inappropriate to prcsume that thc Charity will continue in busincss. The trustecs are responsible for kccping proper accounting records that disclose with rcasonable accuracy 2t any time thc fin2nci21 Posltion of the Ch2fityp 2nd enable them to ensure that the financial statements comply with the Companics Ilct 2006. They are 21bO rebpollbible for safegudIng the asbets of the Charity and hence for taking rcasonablc steps for the prevention and detection of fraud and othcr IrreIltiets. Small Compan!, Rules These accounts have been preped in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small complnics. This report W2S approved b), the Board of Truiitees 2nd signed on its behalf by: R2khi Talwar Trustee Date: . /0. zoar
Siddlia Yog4q Saiigliani of Eui'ope (a Conipaiiy Liniited by Guarantee) INDEPENDENT EXAhllNER'S REPORT The charity's trnstccs are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this }'c2r under section 144 of the Charities Ilct 2011 C'the Charities Ilct,? that an indcpendcnt CX2mination is nccded. It is my responsibility to: CX2mine the accounts under section 145 of the Charities Act, to follow the proCedeS laid down in the gener21 Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my 2ttention Basis of independent examinees statement I)r e.xamination was carried out in accordance with general Directions given by the Ch2rity Commission. An eK2min2ti0n includes 2 review of the accounting records kept by the charity 2nd a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, 2nd seeking &Kp12n2tions 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 2nd fairf view and the report is limited to those matters set out in the statement below Independent Liaminer's statcment In connection 1th my LK2min2ti0n, no material matters have come to my attention which gives me cause to believe that in, 2n)" m2teri21 respect the accounting records were not kept in accordance with section 130 of the Charities A¢ or the accounts did not accord with the accounting records. or the accounts did not comply with the applicable requirements concerning the form 2nd content of accounts set out in the Ch2fities (Accounts 2nd Reports) Regulations 2008 other than any requirement that the accounts give a 'true 2nd faie view which is not a matter considered as part of 2n independent I have come 2cross no other matters in connection with the examination to which attention should be drawn in this report in order to en2ble 2 proper underst2nding of the accounts to be reached. The tndependent Ex2minds Report Was prepared 2nd signed by. Rajesh Kohli (Fcffj IGIEW) For and on behalf of Power Account2x Limited 12ilbox 3, Solent Business Centre, 343 Jlillbrook Road Ivest South2mpton S015 OHW Date: 11/07/2025
Siddlia Yoga Saiigham of Europe (a Company Limited by Guarantee) Statement of Financial Activities (Incorporating and Income and Expenditure account) For the year ended 31" March 2025 Unrestricted funds 2025 Unrestricted funds 2024 Note Income Inmmefvm.. Don2ti0ns and legaaes Grant Income Other- Bank Interest 69266 16,500 973 29,929 16,500 288 Total income 86,739 46,717 ExTenditure Ch2rit2ble actiiryties 84,657 34,556 Total exTenditure 84,657 34,556 Net (Outgoing)/ Incoming Resources from Operations 2,082 12,161 Net Movement in Funds 2,082 12,161 Reconciliation of funds: Tot21 funds brought forward at 1st April 2024 35,798 23,637 Total funds carried forward at 31si March 2025 37,880 35,798 All g2ins and losses recognised in the }'ear are included in the statement of finincial activities. All income in the 2025 and 2024 fin2na21 years was unrestricted. All the activities of the company arc considered to be continuing.
(41 Coii)i)6qlly Liiiiitcd by Guai"aiilce) Balance Slieet as at 31" March 2025 2025 2024 Note Fixed assets Tangible assets lJ83 283 Current assets Cash at bank and in hand Total current assets 36,973 36,973 36,025 36,025 Creditors: amounts failing due within one year (476) (510) Net current assets/Ui2bilities) 36,497 35,515 Total Asses less Current Liabilities 37,880 35,798 Represented by. Unrestricted fLmds Total funds 37,880 37,880 35,798 35,798 For the ye2r ending 31 h12rch 2025 the company was entided to exemption from audit under section 4 Companies Act 2006 re12ting to small companies. ofthe The members have not required the company to obtain an audit in accordance with section 476 of the Companies Art 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records 2nd the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to small companies subject to the m2ll companies regime and in accordance with FRS102 SORP. The fin2nci21 statements were approved by the Trustees on............... ..and signed on their behalf by. Rakhi Tal ee ar
Si(l(Ili'i Yog.q S4111gli4qm of 14 urope (¢2 Coiiipany Liniited by Guaraiitee) NOTES TO THE FINANCIAL STATEMENTS l Accounting Policie8 Basis of preparation of financial statements These accounts have bcen prepared under the histoncal cost convention Items reco tr2ns2ction value unless othcrwise stated in the relevant note(s) to these accounts. se at cost o The2 ounts have becn prepared in accordance with: The Statement of Recommendcd Practice: Accounting 2nd Reporting by Charities prep2rin their accounts in accordance with the Fin2naal Reporting St2nd2rd applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 The Financial Reporting Stand2rd applicable in the United Kingdom and Republic of Ireland (FRS 102) The Charities Act 2011 Company status The comp2n}T is a company limited by guarantee. The mcmbers of the company are the Trustees narned on page 3. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company. If upon winding up or dissolution of the company there remain any assets, after the satisfaction of all debts 2nd liabilities, the assets represented by the 2ccumu12ted fund shall be transferred to some other charitable body or bodies having simi12r objectives to the charit2ble company. Fund accounting Unrestricted funds which are av2i12ble for use at the discretion of the Trustees in further2nce of the gener21 objectives of the company and which have not been designated for other purposes. Incoming Resources incoming resources are recognised on accrual basis including donations, which are recognized as income when there is evidence of entitlement to the income, probability of receipt and the amount c be me2sured with suffiaent reliability. Allocation of resources expended Resources expended are allocated between 'Chitable expenditure" and "support costs" on the basis of direct 2lloc2ti0n where possible and apportionment based on SLqff time spent where applicable. e included charitable expenditure once voted for by the tnistees and notified to the reapient. Governance cos constitution212n re those incurred in connection with administntion of the company and compliance statuto requirements. resources expenses e inclusive of irrecoverable VAT. Going concern te g 2ppropri2te enquirie the trustees have a reasonable e.xpectation that the company ha e reso to continue in operational existence for the foreseeable future. For oin concern basis M] pre arin the financial statement 10
Siddlia Yoga Saiigliaiii of Europe (a Conipany Limited by Guarantce) Interest receivable Intercst on funds held on dcposit is included when reccivable and the amount can be measured reli2bly by the compan . this is normally upon notification of the interest paid or payable by the Bank. Cash at bank and in hand Cash at bank 2nd in h2nd includes cash 2nd short term highly liquid invcstmcnts with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.9 Tangible Fixed Assets and Depreciation Tanble assets are included at cost less deprcciation 2nd impairment. Dcpreciation has been provided at the following rates in order to write off the assets over their estimated useful livcs: Computer equipment 25 % reducing balance 2 Charitable Activities 2025 2024 Grants to SYDA Found2ti0n Bank Charges Staff Costs Printing, post2ge 2nd st2ti0n2ry Telephone 2nd anail Depreciation Sundry Exp-," Governance costs 50,000 95 29,700 42 545 461 102 29,700 39 515 94 300 3,806 34,556 note 4 note 3 3,814 84,657 For more details on the grants made, please see note 9 3 Governance Costs 2025 2024 St2ff cos J2g21 fees note 4 3,300 514 3,814 3,300 506 3,806 4 Staff Costs 2025 2024 2nd 33,000 33,000 33,000 33,000 An21ysed 2S: of ChItable 2ctivities 29,700 3,300 33,0(N) 29,700 3,3(X) 33,000 overnance cos 11
Siddlia Yoga Sangliani of Europe (a Coiiipaiiy Liiiiitcd by Guaraiitee) No emplo)'ce earned more than £60,000 in the current or prior period. No remuner2ti0n was paid to any trustee in the current or prior ye2r, nor were there any eTpenses reimbursed to trustces in the current or prior year. 5 Tangible fLNed assets Computcr Equipment At cost Cost or valuation At l April 2024 Additions for the year At 31 hlarch 2025 Depreciation At l April 2024 Charge for the )"ear At 31 Iarch 2025 1,468 1,561 3,029 1,185 461 1,646 Net book value At 31 ,I12rch 2025 1,383 283 At 31 Jt2rch 2024 6 Creditors: amounts fallincy due Thrythin one year 202) 2024 TLTes 2nd soci21 security 476 476 510 510 7 Related Party Transactions The ch2ritls role in terms of its objectives and aims is interactive with that of the SYD,{ Found2ti0Q 2 not for profit org2niz2tion incoq)or2ted in the USIL in so it carries out similar charitable activities in support of the Siddha Yoga mission. During the ye2r there were £ 50,000 (2024: £Nil) grants donated to SYDA foundation. Grants received from SYD UK 2 charity which has simila£ objects to SI'SEU, during cuffent year are £ 16,500 e0?4: £16,5(Kl). 8 hIembers Liability The number of members as at 31st 1ch 2025 was two (2024: two) and there liibiliry in the event of winding up of the comp2ny is limited to £1 each. 12