**Charity number: 1119260** **Company number: 05705200** **(England and Wales)** ## **Yogahome** **Report of the Trustees and Unaudited Financial Statements** **For the year ended 31 March 2021** ## **Yogahome Contents Page For the year ended 31 March 2021** |Report of the Trustees|1 to 3| |---|---| |Independent Examiner's Report to the Trustees|4| |Statement of Financial Activities|5| |Statement of Financial Position|6| |Notes to the Financial Statements|7 to 12| |Detailed Statement of Financial Activities|13| ## **Yogahome Report of the Trustees For the year ended 31 March 2021** The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 March 2021. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The company is a charity promoting healthy recreation in Hackney through a variety of classes such as yoga and pilates. Yogahome also provides yoga classes and therapeutic massage to a range of schools and community groups in Hackney.These classes are funded entirely by Yogahome and are free to the receiving organisation. Current charitable provision includes: Yoga and massage for the Elderly: Ashley Court N16 Benabo Court E8 Thirlmere House N16 Morel Court E2 Adelaide Court E9 Limetree Court E5 Plumpton Lodge E5 Cohen Lodge E5 Yoga for children with special educational needs: Evering Road Playgroup E5 Pearson Street Adventure Playground E2 Orchard Primary School E9 Young Hackney E8 Mossbourne Parkside Acamdey E8 Shoreditch Park Primary School N1 Yoga and massage for parents and carers of children with autism: The Garden School N16 Yoga for Turkish, Kurdish and Turkish Cypriot women: IMECE women's community centre N1 Day-Mer community centre N16 Massage for elderly and mothers' groups of African Caribbean heritage: Claudia Jones Organisation N16 Massage for single parent families and hostel families: Round Chapel Families Project E5 Massage for women experiencing severe disadvantage during pregnancy, birth and early parenting: Birth companions N5 Massage for women working in the sex industry: Open Doors Project (Homerton Univversity Hospital) E9 Subsidised parenting course for parents of children under 5: Yogahome N16 Yoga for schools: Petchey Academy E8 Our Lady and St Joseph's RC Primary N1 Clapton Girls Academy E5 Baden Powell Primary School E5 Holmleigh Primary School N16 Grazebrook Primary School N16 Woodberry Down Primary School and Nursery N4 Shacklewell Primary School E8 William Patten Primary School N16 The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. 1 of 13 ## **Yogahome Report of the Trustees Continued For the year ended 31 March 2021** ## **FINANCIAL REVIEW** ## **Reserves** In the light of the economic effect of the government lockdowns on our cashflow, the reserves policy has been reviewed and it is now that at least 3 months expenditure is to be retained as reserves at all times which equates to £150,000 approximately. In this financial period the reserves were above this level. ## **Going concern** The government restrictions were lifted on 25 July 2021. Since that time the studio has steadily become more busy with people returning to their previous yoga practice. Our continued online studio has supported our sales with the opportunity for some clients to continue to practice at home. By September 2021 our sales were 95% of our pre pandemic levels for the same period in 2019. Yogahome is therefore in a strong position to increase its turnover beyond pre pandemic levels in 2022. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The Charities governing documents are its Memorancdum and Articles of Associsation.There are five trustees for Yogahome, only two of which are directly involved in the day to day management of the charity, Maria Gandy and Billie Chan.The Yogahome constitution is based on the following principles: - Collective decision making.There is no leader, all decisions affecting the organisation are made collectively at meetings. -This system requires that all members are to respect the decision making process and the decisions that are made whether they are in agreement or not. -Tasks, roles and responsibilities are shared out in order to sustain the organisation -A minimum of two trustees are required to ratify important decisions for the organisation. Important decisions are made collectively at meetings. Meetings are arranged as required except for the AGM which is held in December each year. In addition to the scheduled meeting any trustee or member of staff can call an extraordinary meeting at any time. If a trustee or member of staff wishes to call an extraordinary meeting, at least two weeks' notice is required. All trustees or members of staff can put forward any agenda item they wish for a meeting. The agenda is circulated two weeks before the meeting. Any trustee or member of staff can add an agenda item at the start of a meeting. Quorum level is 3 people. If no consensus is reached majority voting is used to reach a decision. Minutes of the meeting are circulated to members within two weeks of the date of the meeting. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** **Name of Charity** Yogahome **Charity registration number** 1119260 **Company registration number** 05705200 **Principal address** 11 Allen Road London N16 8SB ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: ## **Independent examiner** Billie Chan Maria Gandy James Hewson Caroline Bozkurt Lara Hooker Andrew M Wells FMAAT Counterculture Partnership LLP Unit 115 Ducie House Ducie Street Manchester M1 2JW 2 of 13 ## **Yogahome Report of the Trustees Continued For the year ended 31 March 2021** Approved by the Board of Trustees and signed on its behalf by ............................................................................. Maria Gandy 16 December 2021 3 of 13 ## **Yogahome Independent Examiners Report to the Trustees For the year ended 31 March 2021** I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2021. ## **Responsibilities and basis of report** As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiners statement** Since the Charitable company’s gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of Association of Accounting Technicians, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the requirements of section 396 of the 2006 Act 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; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 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. Andrew M Wells FMAAT Counterculture Partnership LLP Unit 115 Ducie House Ducie Street Manchester M1 2JW 16 December 2021 4 of 13 ## **Yogahome** ## **Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2021** ||**Notes**|**Unrestricted**|**2020**| |---|---|---|---| |||**funds**|| |||**£**|**£**| |**Income and endowments from:**|||| |Donations and legacies||64,955|30| |Charitable activities|2|349,529|742,688| |Investments|3|17|222| |**Total**||**414,501**|**742,940**| |**Expenditure on:**|||| |Charitable activities|4/5|(580,918)|(721,451)| |**Total**||**(580,918)**|**(721,451)**| |**Net income/expenditure**||**(166,417)**|**21,489**| |**Reconciliation of funds**|||| |Total funds brought forward||375,021|353,532| |**Total funds carried forward**||**208,604**|**375,021**| 5 of 13 Registered Number : 05705200 ## **Yogahome Statement of Financial Position As at 31 March 2021** ||**Notes**|**2021**|**2020**| |---|---|---|---| |||**£**|**£**| |**Fixed assets**|||| |Intangible assets|11|6,665|13,332| |Tangible assets|12|103,647|103,906| |||**110,312**|**117,238**| |**Current assets**|||| |Debtors|13|22,651|45,493| |Cash at bank and in hand||149,734|241,825| |||**172,385**|**287,318**| |**Creditors: amounts falling due within one year**|14|(24,093)|(29,535)| |**Net current assets**||**148,292**|**257,783**| |**Total assets less current liabilities**||**258,604**|**375,021**| |**Creditors: amounts falling due after more than one year**|15|(50,000)|-| |**Net assets**||**208,604**|**375,021**| |**The funds of the charity**|||| |Unrestricted income funds|16|208,604|375,021| |**Total funds**||**208,604**|**375,021**| For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. - The members have not required the company to obtain an audit of its accounts for the year in question in accordance - with section 476, - The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting - records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. The financial statements were approved and authorised for issue by the Board and signed on its behalf by: Maria Gandy Trustee 16 December 2021 6 of 13 ## **Yogahome Notes to the Financial Statements For the year ended 31 March 2021** ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006. Yogahome meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## **Going concern** The financial statements are prepared, on a going concern basis, under the historical cost convention. ## **Funds** The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment. Designated funds comprise of unrestricted funds that have been set aside by the Trustees for particular purposes. Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon them. There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that described above ## **Incoming resources** All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. ## **Resources expended** Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure. ## **Tangible fixed assets** Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Land and Buildings 5% Straight line Plant and Machinery 15% Straight line ## **Irrecoverable VAT** Irrecoverable VAT is included in the Statement of Financial Activities, and is reported as part of the expenditure to which it relates. 7 of 13 ## **Yogahome Notes to the Financial Statements Continued For the year ended 31 March 2021** ## **2. Income from charitable activities** |**Unrestricted funds**
_Healthy recreation_
Provision of yoga and
workshop sessions
**nvestment income**
**Unrestricted funds**
Bank interest receivable
**osts of charitable activities by fund type**
**Unrestricted funds**
Healthy recreation
Support costs|**2021**
**£**
349,529
**2021**
**£**
17
**17**
**2021**
**£**
188,025
392,893
**580,918**|**2020**
**£**
742,688
**2020**
**£**
222| |---|---|---| |||**222**| |||**2020**
**£**
383,283
338,168| |||**721,451**| ## **3. Investment income** ## **4. Costs of charitable activities by fund type** ## **5. Costs of charitable activities by activity type** ||**Activities**|**Support**|**2021**|**2020**| |---|---|---|---|---| ||**undertaken**|**costs**||| ||**directly**|||| ||**£**|**£**|**£**|**£**| |**Support costs**||||| |Healthy recreation|188,025|392,893|580,918|721,451| |**nalysis of support costs**||||| ||||**2021**|**2020**| ||||**£**|**£**| |**Healthy recreation**||||| |Management|||390,657|335,496| |Governance costs|||2,236|2,672| ||||**392,893**|**338,168**| ## **6. Analysis of support costs** 8 of 13 ## **Yogahome Notes to the Financial Statements Continued For the year ended 31 March 2021** ## **7. Net income/(expenditure) for the year** This is stated after charging/(crediting): |This is stated after charging/(crediting):||| |---|---|---| ||**2021**|**2020**| ||**£**|**£**| |Depreciation of owned fixed assets|32,531|28,789| |Amortisation of intangible fixed assets|6,667|6,667| |Accountancy fees|900|900| |Staff pension contributions|9,139|7,687| ## **8. Staff costs and emoluments** Total staff costs for the year ended 31 March 2021 were: |Salaries and wages
Social security costs
Pension costs
Charitable activities|**2021**
**£**
181,337
50,349
9,139
**240,825**
**2021**
9
**9**|**2020**
**£**
138,081
38,605
7,687| |---|---|---| |||**184,372**| |||**2020**
9| |||**9**| ## **9. Trustee remuneration and related party transactions** Two trustees, Maria Gandy and Billie Chan, were paid salaries during the year. No salary was paid in respect of services as a trustee. Other debtors includes loans of £3,458 to Bliss & Blaze Ltd and £16,255 to Minihome Ltd companies of which Maria Gandy and Billie Chan are directors. ## **10. Comparative for the Statement of Financial Activities** The comparative year values on the Statement of Financial Activites are for unrestricted funds. 9 of 13 ## **Yogahome Notes to the Financial Statements Continued For the year ended 31 March 2021** ## **11. Intangible fixed assets** |**Cost or valuation**
At 01 April 2020
At 31 March 2021
**Amortisation**
At 01 April 2020
Charge for year
At 31 March 2021
**Net book values**
At 31 March 2021
At 31 March 2020|**£**
**Intangible**
**asset 3**
40,000| |---|---| ||**40,000**| ||26,668
6,667| ||**33,335**| ||**6,665**| ||**13,332**| ## **12. Tangible fixed assets** ||**Land and**|**Plant and**|| |---|---|---|---| |**Cost or valuation**|**Buildings**|**Machinery**|**Total**| ||**£**|**£**|**£**| |At 01 April 2020|143,048|51,892|194,940| |Additions|-|25,605|25,605| |At 31 March 2021|**143,048**|**77,497**|**220,545**| |**Depreciation**|||| |At 01 April 2020|42,914|48,120|91,034| |Charge for year|21,457|4,407|25,864| |At 31 March 2021|**64,371**|**52,527**|**116,898**| |**Net book values**|||| |At 31 March 2021|**78,677**|**24,970**|**103,647**| |At 31 March 2020|**100,134**|**3,772**|**103,906**| ## **13. Debtors** |**Amounts due within one year:**
Other debtors|**2021**
**2020**
**£**
**£**
22,651
45,493
**22,651**
**45,493**| |---|---| 10 of 13 ## **Yogahome Notes to the Financial Statements Continued For the year ended 31 March 2021** ## **14. Creditors: amounts falling due within one year** |**2021**
**£**
Trade creditors
23,193
Accruals and deferred income
900
**24,093**
**Creditors: amounts falling due after more than one year**
**2021**
**£**
Loans and overdrafts
50,000
**50,000**
The following liabilities disclosed under creditors falling due after more than one year are secured by the charity:
Bank loans and overdrafts
50,000
**50,000**|**2020**
**£**
28,635
900| |---|---| ||**29,535**| ||**2020**
**£**
-| ||**-**| ||-| ||**-**| ## **15. Creditors: amounts falling due after more than one year** ## **16. Movement in funds** ## **Unrestricted Funds** ||**Balance at**|**Incoming**|**Outgoing**|**Balance at**| |---|---|---|---|---| ||**01/04/2020**|**resources**|**resources**|**31/03/2021**| ||**£**|**£**|**£**|**£**| |_General_||||| |General|375,021|414,501|(580,918)|208,604| ||**375,021**|**414,501**|**(580,918)**|**208,604**| |**Unrestricted Funds - Previous year**||||| ||**Balance at**|**Incoming**|**Outgoing**|**Balance at**| ||**01/04/2019**|**resources**|**resources**|**31/03/2020**| ||**£**|**£**|**£**|**£**| |_General_||||| |General|353,532|742,940|(721,451)|375,021| ||**353,532**|**742,940**|**(721,451)**|**375,021**| 11 of 13 ## **Yogahome Notes to the Financial Statements Continued** ## **For the year ended 31 March 2021** ## **Purpose of unrestricted Funds** ## General The purpose of the general fund is to promote healthy recreation ## **17. Analysis of net assets between funds** |**Unrestricted funds**
_General_
General
**Previous year**
**Unrestricted funds**
_General_
General|**Intangible**
**fixed assets**
**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Creditors >**
**one year**
**Net Assets**
**£**
**£**
**£**
**£**
**£**
6,665
103,647
148,292
(50,000)
208,604| |---|---| ||**6,665**
**103,647**
**148,292**
**(50,000)**
**208,604**| ||**Intangible**
**fixed assets**
**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Creditors >**
**one year**
**Net Assets**
**£**
**£**
**£**
**£**
**£**
13,332
103,906
257,783
-
375,021| ||**13,332**
**103,906**
**257,783**
**-**
**375,021**| 12 of 13 ## **Yogahome Detailed Statement of Financial Activities For the year ended 31 March 2021** ||**2021**|**2020**| |---|---|---| ||**£**|**£**| |**INCOME AND ENDOWMENT**||| |**Donations and legacies**||| |Donations|-|30| |Grants receivable|64,955|-| ||**64,955**|**30**| |**Charitable activities**||| |Provision of yoga and workshop sessions|349,529|742,688| ||**349,529**|**742,688**| |**Investments**||| |Bank interest receivable|17|222| ||**17**|**222**| |**Total incoming resources**|**414,501**|**742,940**| |**EXPENDITURE**||| |**Charitable activities**||| |Teachers and therapists|(170,936)|(310,514)| |Charitable donations|-|(69,849)| |Cafe and shop|(5,481)|-| |Studios and work spaces|(4,242)|-| |Online classes|(7,366)|(2,920)| ||**(188,025)**|**(383,283)**| |**SUPPORT COSTS**||| |**Management**||| |Staff costs - wages & salaries|(181,337)|(138,081)| |Staff costs - social security costs|(50,349)|(38,605)| |Staff costs - pension contributions|(9,139)|(7,687)| |Depreciation - owned assets|(32,531)|(28,789)| |Cleaning, repairs and maintenance|(6,769)|(18,005)| |Bank charges|(1,332)|(2,175)| |Rent and rates|(94,500)|(84,000)| |Telephone|(3,662)|(2,634)| |Website and marketing|-|(4,594)| |Utilities|(4,729)|(5,426)| |Sundry|(1,744)|(888)| |Computer costs|(595)|(642)| |Insurance|(3,970)|(3,970)| ||**(390,657)**|**(335,496)**| |**Governance costs**||| |Accountancy fees|(900)|(900)| |Legal fees|(1,336)|(1,772)| ||**(2,236)**|**(2,672)**| |**Total resources expended**|**(580,918)**|**(721,451)**| |**Net Expenditure**|**(166,417)**|**21,489**| 13 of 13 This page does not form part of the statutory financial statements