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2021-12-31-accounts

YOGA IN DAILY LIFE ASSOCIATION - UK

CHARITY REGISTRATION No: 1103366 COMPANY REGISTRATION No: 4657601

Independent Examiners Ltd Unit 2

The Broadbridge Business Centre Delling Lane Bosham PO18 8NF

1

YOGA IN DAILY LIFE ASSOCIATION - UK (A COMPANY LIMITED BY GUARANTEE)

CONTENTS

Page 2 Legal and Administrative Information
Pages 3 to 7 Report of the Directors
Page 8 Statement of Financial Activities
Page 9 Balance Sheet
Pages 10 to 15 Notes to the Financial Statements
Page 16 Independent Examiners report

2

YOGA IN DAILY LIFE ASSOCIATION - UK

(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2021

LEGAL AND ADMINISTRATIVE INFORMATION

Report of the Trustees

Introduction

This report covers the activities of Yoga in Daily Life Association – UK in the year 2021.

Legal and Administrative Information

Yoga in Daily Life Association – UK is a company limited by guarantee, no. 4657601, registered as a charity no. 1103366, and governed by its memorandum and articles of association. Details of its objects are given on page 3.

Other working names

Yoga in Daily Life

Board of Trustees:

Vladimir Sehnoutek President Roman Sehnal Vice President Ian Gray Treasurer Sigita Kazdailyte Second Treasurer Emma Nolan Secretary Corrina Cordon Second Secretary Paramhans Swami Maheshwarananda

Trustee Selection Method

The Trustees are elected by existing Membership of the Charity according to: i) their expressed wish to serve as a Trustee; ii) their personal commitment and support for the objectives of the Charity; iii) the skills and experience they can offer as a Member of the Board; iv) their financial stability; v) their legal eligibility for the position

Charity Details

Registered Office and Yoga Centre: 133 Salusbury Road, London NW6 6RN, UK

Telephone: 020 7328 7163

Email: london@yogaindailylife.org

Website: www.yogaindailylife.org.uk

Bank: The Co-operative Bank PO Box 101 1 Balloon Street Manchester M60 4EP Solicitor: Morgan, Lewis & Bockius LLP, Condor House 5-10 St Paul's Churchyard London EC4M 8AL Independent Examiners Independent Examiners Ltd Unit 2 ,The Broadbridge Business Centre Delling Lane Bosham PO18 8NF

3

YOGA IN DAILY LIFE ASSOCIATION - UK (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE DIRECTORS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

The Trustees, who are also company directors for the purposes of the Companies Act, hereby submit their annual report and the financial statements of Yoga in Daily Life Association – UK for the year 2021. The Trustees confirm that the annual report and financial statements of the Charity comply with the current UK statutory requirements, the requirements of the Charity's governing document (the Memorandum and the Articles of Association), and the provisions of the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014

Board of Trustees

The Trustees meet regularly to discuss, and decide by vote, matters relating to the Charity’s activities including but not limited to teacher training and co-ordination, publicity, management and maintenance of the premises and organising events. The Trustees’ meetings are open to all Members, Members in attendance can raise any matters relating to the Charity’s activities.

Staff/Volunteers

All Trustees, teachers and other volunteers continue to work for the Charity without any remuneration. Any fees received by teachers for external sessions are donated in full to the Charity account.

Funds held as custodian trustee on behalf of others

None

Charity Objectives

iv. to promote human rights by raising awareness and cultivating public sentiment in favour of human rights in the United Kingdom and internationally.

The above objectives are achieved via teaching of classes, seminars and other special events, as evidenced by the number of long-standing students attending the centre who can attest to the beneficial impact their practice has had on their mental, physical, social and spiritual health.

The charity is committed to providing yoga to all who wish to practice it, and to this end students who are unable to pay are encouraged to attend classes or workshops for free – in 2021, eight students in financial need have been assisted individually in this way.

Overview of Charitable Activities and Achievements

Activities supporting the objectives of the Charity are predominantly centred at the registered address of the organisation – the Yoga in Daily Life Centre in Queens Park, North West London. Additional activities take place within the UK and abroad by affiliated members of the Charity.

4

YOGA IN DAILY LIFE ASSOCIATION - UK

(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE DIRECTORS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

Classes and Courses

The core of the Charity’s activity continues to be providing yoga classes and courses for the General Public in London. 2021 began with the Charity running 12-week Courses for the first two levels of the Yoga in Daily Life’s eight-level System. The Courses allow Students to learn and practice a particular level of the Yoga in Daily Life eight-level System, provide them with a grounding and comprehensive knowledge, and enable them to progress in their practice. The development of these courses has been successful with Students progressing through the levels. Students may choose to progress beyond the first two levels by regularly attending more advanced drop-in classes which can take them to Level 7.

The Courses have proven particularly popular with Students who wish to develop their knowledge and skills as yoga practitioners. The ‘casual’ (drop-in, no booking needed) classes open to the General Public, have been popular with beginners and Students who wish to have an opportunity to ‘try-out’ yoga practice before committing to an extended period of study or who are not able to commit to the regular format of the Courses.

2021 began with the Charity running an average of 12 drop-in Classes and 2 Courses per week at its Yoga Centre, but as the year went on with the various COVID issues and closures of the centre, we reduced the dropin classes to an average of eight per week.

2021 began with a total of nine teachers actively teaching Yoga in Daily Life in London as part of the Charity’s regular activities. Their backgrounds reflect the international nature of the Charity’s Membership for the benefit of the wider public with teachers coming from the UK, Canada, Croatia, Lithuania, Slovakia, Czech Republic and Hungary.

The Yoga Centre was forced to close to in-person classes and courses until May 2021 following UK government restrictions relating to the COVID 19 pandemic.

Until the permitted reopening of in-person classes, we ran drop-in classes via Zoom, the online streaming platform as we had been doing in 2020 during the COVID lockdowns.

Unfortunately we experienced a drastic reduction in the number of students both willing to pay for online yoga classes, and those comfortable to attend in person, so our revenues dropped significantly.

It was a very difficult time for many, physically, mentally and spiritually to be in “lockdown” and it became clear that the online classes and meditation exercises were proving an invaluable tool to help many through the pandemic which was lasting far longer than anyone had anticipated in 2020.

We were very fortunate to have received grants from the UK government which allowed us to continue operating despite the reduction in regular income.

In September 2021, the lease for our premises expired and the landlord confirmed they would not renew the lease because they wanted to renovate the premises and let to a commercial business on a far higher rent than we could afford. Therefore, we moved to a smaller premises as of 1 October 2021 which is close to the old centre, so our regular students were still able to attend. We were also able to continue Satsang every Sunday evening which is an integral part of the spiritual side of the practice for many.

Other events and activities in 2021

As above, Satsangs (community gatherings) were held every Sunday evening at times they were allowed (amongst the COVID 19 restrictions). The programme of these events includes sharing food, singing songs, reading from yogic texts, announcements of the Charity’s activities and upcoming events, video lectures, and group meditation.

Statement on Public Benefit

The trustees are aware of and have acted with regard to current guidance issued by the Charity Commission on public benefit.

5

YOGA IN DAILY LIFE ASSOCIATION - UK

(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE DIRECTORS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

Summary of main achievements of the charity

In a world full of conflict, division and environmental challenges, it is our desire and objective to help lessen the suffering of as many living beings as possible. We carry out this objective through the teachings of the aforementioned author of the system Yoga in Daily Life. All our yoga classes and events are carried out with these objectives in mind and if we can help citizens in the UK lead happier, healthier lives with less conflict and division in their own lives, then we’ve gone some way to furthering the objectives of our international Fellowship.

Therefore our beneficiaries are simply all those who come into contact with the authentic practice of yoga and can weave this practice into their daily lives where it may help with their health, sense of wellbeing, interpersonal relationships at home and at work, and for some to serve as a structure for their own spiritual practice.

Yoga is commonly available to UK citizens through many commercial yoga centres around the country. However the profit motive of most yoga centres has meant that this practice is out of reach financially for many people who would otherwise benefit. The fact that we are a charity run entirely by unpaid volunteers means that we can make this valuable resource available to those who cannot afford to attend yoga classes in most other centres.

Our monthly Standing Order membership allows Students to attend classes more often at very affordable rates. It has also meant that attendance for Classes and Courses is higher in numbers. This system has given the options for Students on low incomes to be able to afford attending more classes and therefore maintain a regular yoga practice. The Charity believes the implementation of this system to be a positive contribution to the community providing affordable classes for all. A smaller number of students take advantage of the discounted “Ten Class Pass”, which is used by those whose personal circumstances mean their attendance is more sporadic.

Review of the charity's financial position at the end of the period

The charity made a surplus of £22,786 in 2021, compared to a surplus of £15,886 in 2020. The Trustees are of the opinion that the charity is financially viable and can continue to meet its liabilities, when they fall due.

Charity's principal sources of funds

  1. Revenues from running yoga classes, courses and special events

  2. Donations from members and the general public

Reserves policy

The charity holds cash reserves for the specific purpose of accumulating funds for use as a deposit for the purchase of our own premises. At the end of 2021, there was £33,717.23 being held in reserve in a separate bank account designated for this purpose.

The trustees have decided that it’s preferable to try and own our own premises which will give us more control over the running costs.

Therefore, we now operate a separate bank account where we receive donations from members for this purpose.

It is not known at this time when we will be in a position to purchase a new premises.

Amount of reserves held

Unrestricted free reserves held at the end of 2021 were £35,889.

Going concern

As mentioned in this report, we moved to a smaller premises at a lower cost in late 2021. The tradeoff for the lower-cost premises was that we had to sign a one-year lease and would need to vacate with one-months’ notice. The lease will expire on 30 September 2022.

Should we be unable to negotiate a renewal of the lease, then the trustees plan to:

a. Find another suitable premises where we can continue to run yoga classes and Satsangs

b. Failing the above, then individual yoga teachers would look to hire space on an hourly rate in the neighbourhoods they live in, to try and continue teaching Yoga in Daily Life to as many as possible whilst we attempt to either rent another premises or indeed succeed in purchasing a premises.

6

YOGA IN DAILY LIFE ASSOCIATION - UK

(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE DIRECTORS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

Statement of Director's responsibilities:

The Charities Act and the Companies Act require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to:

The trustees are also responsible for the contents of the trustees' report, and the responsibility of the independent examiner in relation to the trustees' report is limited to examining the report and ensuring that, on the face of the report, there are no inconsistencies with the figures disclosed in the financial statements. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

I approve the attached statement of financial activities and balance sheet for the year ended 31 December 2021, and confirm that I have made available all information necessary for its preparation.

Signed on behalf of the board:…………………………………………..

Date 15th August 2022

PRINT NAME: IAN HOWARTH GRAY

7

YOGA IN DAILY LIFE ASSOCIATION - UK

(A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2021

Notes
INCOME AND ENDOWMENTS FROM:
Donations and Legacies
2a
Charitable Activities
2b
Other
2c
TOTAL
EXPENDITURE ON:
Raising Funds
3a
Charitable Activities
3b
TOTAL
NET INCOME/(EXPENDITURE)
Transfers between funds
NET MOVEMENT IN FUNDS
Reconciliation of funds:
Total Funds Brought Forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted Restricted
TOTAL
TOTAL
Funds
Funds
2021
2020
£
£
£
£
27,617
10,735
38,352
33,589
21,118
0
21,118
22,355
0
0
0
0
48,735
10,735
59,470
55,944
72
0
72
235
36,613
0
36,613
39,823
36,684
0
36,684
40,058
12,051
10,735
22,786
15,886
0
0
0
0
12,051
10,735
22,786
15,886
23,838
22,982
46,820
30,934
35,889
33,717
69,606
46,820

Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.

The notes on pages 10 to 15 form part of these financial statements.

8

YOGA IN DAILY LIFE ASSOCIATION - UK

(A COMPANY LIMITED BY GUARANTEE)

BALANCE SHEET

AS AT 31 DECEMBER 2021

Note
Fixed Assets
Tangible assets
4
Current Assets
Stocks
5
Debtors/Prepayments
6
Cash at bank and in hand
7
Total Current Assets
8
NET CURRENT ASSETS
TOTAL ASSETSless current liabilities
NET ASSETS
Funds of the Charity
General Funds
Restricted Funds
9
Total Funds
Creditors: amounts falling due
within one year		 Company number: 4657601
Unrestricted
Restricted
31-Dec-21
31-Dec-20
Funds
Funds
Total
Total
£
£
£
£
0
0
0
0
3,372
0
3,372
3,372
0
0
0
9,000
33,447
33,717
67,164
41,466
36,819
33,717
70,536
53,838
930
0
930
7,018
35,889
33,717
69,606
46,820
35,889
33,717
69,606
46,820
35,889
33,717
69,606
46,820
35,889
0
35,889
23,838
0
33,717
33,717
22,982
35,889
33,717
69,606
46,820

The directors are satisfied that for the year ended on 31 December 2021 the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no member or members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. However, in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner whose report appears on page 16.

The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP (FRS102)).

The directors acknowledge their responsibility for ensuring that the company keeps proper accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and if its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.

Signed on their behalf by ……………………………………………..

Date: 15th August 2022

PRINT NAME: IAN HOWARTH GRAY

9

YOGA IN DAILY LIFE ASSOCIATION - UK (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES

Basis of preparation:

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP (FRS102)).

Advantage has been taken of Section 396(5) of The Companies Act 2006 to allow the format of the financial statements to be adapted to reflect the special nature of the charity's operation and in order to comply with the requirements of the SORP.

The charitable company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement.

Yoga in Daily Life Association - UK meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.

Preparation of accounts on a going concern basis

Preparation of the accounts is on a going concern basis. The Trustees are of the view that the level of reserves will support the charity going forward.

The charity has opted to use the natural classification of categories in its accounts.

Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period

Material prior period errors

No material prior year error have been identified in the reporting period

Some items of expenditure have been reclassified from the previous reporting period to create greater clarity. Overall figures have not been restated.

The particular accounting policies adopted are set out below.

1. ACCOUNTING POLICIES

Income

Recognition of Income

These are included in the Statement of Financial Activities (SOFA) when:

Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.

Grants and Donations

Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP).

Grants and Donations

Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP).

Government Grants

The charity has received government grants during this financial year in the form of Covid support grants.

Volunteer Help

The value of any voluntary help received is not included in the accounts but is described in the Directors' annual report

Income from interest, royalties and dividends

This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.

10

YOGA IN DAILY LIFE ASSOCIATION - UK

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

Income from membership subscriptions

Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies.

Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.

Expenditure and liabilities

Liability recognition

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Governance Costs

Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Legal status of the charity

The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

Stocks and work in progress

Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value.

Assets

Tangible fixed assets for use by the charity:

These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The estimated useful lives/rates applied are as follows:

Computer and electronic equipment
Furniture and equipment
2. INCOME AND ENDOWMENTS FROM:
a) Donations and Legacies
Donations
Government Grants
b) Charitable Activities
Member's Subscriptions
Retreats and Seminars
Yoga Classes and Programmes		 Over 4 years
Over 10 years
Unrestricted Restricted
TOTAL
TOTAL
Funds
Funds
2021
2020
£
£
£
£
2,331
10,735
13,066
5,753
25,286
0
25,286
27,836
27,617
10,735
38,352
33,589
1,090
0
1,090
1,218
1,025
0
1,025
2,841
19,003
0
19,003
18,296
21,118
0
21,118
22,355

11

YOGA IN DAILY LIFE ASSOCIATION - UK

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

2. INCOME AND ENDOWMENTS FROM:
c) Other
Sundry and Miscellaneous
3. EXPENDITURE ON:
Note
a) Raising Funds
Advertising and Promotion
b) Charitable Activities
Administration Costs:
Office Expenses and Administration
Printing, Postage, Stationery, Telephone, Internet
Refunds and Reimbursements
Travel expenses
Governance:
Independent Examiner's Fees
Licences and Subscriptions:
Memberships and Subscriptions
YIDL Licence Fee
Premises Costs:
Insurance
Maintenance and Equipment
Rent and Council Tax Rates
Utilities		 Unrestricted Restricted
TOTAL
TOTAL
Funds
Funds
2021
2020
£
£
£
£
0
0
0
0
0
0
0
0
Unrestricted Restricted
TOTAL
TOTAL
Funds
Funds
2021
2020
£
£
£
£
72
0
72
235
72
0
72
235
111
0
111
347
475
0
475
471
0
0
0
150
0
0
0
102
930
0
930
930
0
0
0
2,755
1,945
0
1,945
6,117
1,365
0
1,365
1,317
173
0
173
359
27,000
0
27,000
22,691
4,614
0
4,614
4,584
36,613
0
36,613
39,823

12

YOGA IN DAILY LIFE ASSOCIATION - UK

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

4. TANGIBLE FIXED ASSETS
Cost
01-Jan-21
Additions
Disposals
Cost at
31-Dec-21
Depreciation
01-Jan-21
Charge
Depreciation at
31-Dec-21
Net Book Value
31-Dec-21
Net Book Value
31-Dec-20		 Computer & Furniture &
TOTAL
Electronic
Equipment
£
£
£
0
3,993
3,993
0
0
0
0
0
0
0
3,993
3,993
0
3,993
3,993
0
0
0
0
3,993
3,993
0
0
0
0
0
0

The annual commitments under non-cancelling operating leases and capital commitments are as follows:

Premises lease £ At 31/12/21 Amount payable for year peppercorn rent (only if demanded) to 31 December 2022

5. STOCK

A stock take was conducted at the end of the previous financial year (31 December 2020), and in accordance with UK accounting standards, the stock was valued at the lower of cost and net realisable value.

Stock valuation

Opening stock at 1 January 2021 £ 3,372.87 Purchases year to 31 December 2021 £ - Donated stock for resale 2021 £ - Closing stock at 31 December 2021 £ 3,372.87

There was no movement on stock held during this financial year.

13

YOGA IN DAILY LIFE ASSOCIATION - UK

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

6. DEBTORS AND PREPAYMENTS

Unrestricted Restricted Total Total
Fund Fund 31-Dec-21 31-Dec-20
£ £ £ £
Prepayments 0 0 0 9,000
0 0 0 9,000
7. CASH AT BANK AND IN HAND
Clearing Account Unrestricted
Fund
£
1,090		 Restricted
Fund
£
0		 Total
31-Dec-21
£
1,090		 Total
31-Dec-20
£
50
Current Account 32,357 0 32,357 18,435
Donation Account 0 33,717 33,717 22,983
Petty Cash 0 0 0 0
33,447 33,717 67,164 41,468
8.
CREDITORS		 AND ACCRUALS:
AMOUNTS
FALLING DUE WITHIN ONE YEAR
Trade Creditors Unrestricted
Fund
£
0		 Restricted
Fund
£		 Total
31-Dec-21
£
0		 Total
31-Dec-20
£
6,088
Accruals 930 0 930 930
930 0 930 7,018
9. RESTRICTED FUNDS This year
New premises fund Balance
Transfers
01-Jan-21
In
£
£
22,982		 Income
£
10,735		 Expenditure
£
0		 Transfers
Out
£
0		 Balance
31-Dec-21
£
33,717
22,982
0		 10,735 0 0 33,717
Last year
New premises fund Balance
Transfers
01-Jan-20
In
£
£
21,150		 Income
£
1,832		 Expenditure
£
0		 Transfers
Out
£
0		 Balance
31-Dec-20
£
22,982
21,150
0		 1,832 0 0 22,982

The New Premises Fund is for people to donate towards saving for new charity premises.

The restricted fund is wholly represented by cash reserves held in the savings bank account.

14

YOGA IN DAILY LIFE ASSOCIATION - UK

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

10. ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES AND THE COST OF KEY MANAGEMENT PERSONNEL

The charity employed no staff during this or the previous financial year.

11. DIRECTORS AND OTHER RELATED PARTIES

No payments were made to directors or any persons connected with them during this financial period. No material transaction took place between the organisation and a director or any person connected with them.

One Trustee donated a total of £360 to the charity during the year. Trustees also pay their membership fees to the charity.

During the financial year, volunteers were reimbursed for items purchased on behalf of the charity.

12. RISK ASSESSMENT

The directors actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The directors have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. Further detail is provided in the Director's Annual Report.

13. RESERVES POLICY

The directors have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The directors aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The directors will endeavour not to set aside funds unnecessarily. The policy is described in more detail in the directors report.

14. PUBLIC BENEFIT

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the directors report. The directors confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

15. EVENTS AFTER THE END OF THE REPORTING PERIOD

There are no events that require disclosure.

15

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

I report to the trustees on my examination of the accounts of the above charity for the year ended 31 December 2021.

As the charity's trustees (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

Responsibilities and basis of report

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

· the accounting records were not kept in accordance with section 130 of the Charities Act; or · the accounts did not accord with the accounting records; or · the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed

Name J Irvinesmith FCIE

Date: 23 September 2022

Independent Examiners Ltd Unit 2

The Broadbridge Business Centre Delling Lane Bosham PO18 8NF

16