Charity number: 1119260
Company number: 05705200
(England and Wales)
Yogahome
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 March 2022
Yogahome Contents Page For the year ended 31 March 2022
| 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 |
| Cashflow statement | 7 |
| Notes to the Financial Statements | 8to 13 |
Yogahome Report of the Trustees For the year ended 31 March 2022
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 2022. 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)'.
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Yogahome Report of the Trustees Continued For the year ended 31 March 2022
FINANCIAL REVIEW
Reserves
The reserves policy is 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.
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
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Yogahome Report of the Trustees Continued For the year ended 31 March 2022
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 06 December 2022 Maria Gandy
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Yogahome Independent Examiners Report to the Trustees For the year ended 31 March 2022
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2022.
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:
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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
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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
06 December 2022
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Yogahome
Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2022
| Notes | Unrestricted | 2021 | |
|---|---|---|---|
| funds | |||
| £ | £ | ||
| Income and endowments from: | |||
| Donations and legacies | 74,122 | 64,955 | |
| Charitable activities | 2 | 654,040 | 349,529 |
| Investments | 3 | - | 17 |
| Total | 728,162 | 414,501 | |
| Expenditure on: | |||
| Raising funds | 4 | (1,537) | - |
| Charitable activities | 5/6 | (724,269) | (580,918) |
| Total | (725,806) | (580,918) | |
| Net income/expenditure | 2,356 | (166,417) | |
| Reconciliation of funds | |||
| Total funds brought forward | 208,604 | 375,021 | |
| Total funds carried forward | 210,960 | 208,604 |
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05705200
Registered Number :
Yogahome Statement of Financial Position As at 31 March 2022
| Notes | 2022 | 2021 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Intangible assets | 12 | - | 6,665 |
| Tangible assets | 13 | 78,445 | 103,647 |
| 78,445 | 110,312 | ||
| Current assets | |||
| Debtors | 14 | 30,729 | 22,651 |
| Cash at bank and in hand | 201,303 | 149,734 | |
| 232,032 | 172,385 | ||
| Creditors: amounts falling due within one year | 15 | (60,350) | (24,093) |
| Net current assets | 171,682 | 148,292 | |
| Total assets less current liabilities | 250,127 | 258,604 | |
| Creditors: amounts falling due after more than one year | 16 | (39,167) | (50,000) |
| Net assets | 210,960 | 208,604 | |
| The funds of the charity | |||
| Unrestricted income funds | 17 | 210,960 | 208,604 |
| Total funds | 210,960 | 208,604 |
For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance
-
with section 476,
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The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
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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 06 December 2022
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Yogahome
Cashflow Statement
For the year ended 31 March 2022
| Cash flow from operating activities Cash generated from operations Dividends, interest and rent from investments Purchase of tangible assets Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year Cash generated from operations Net movement in funds Adjustments for: Depreciation and amortisation of fixed assets Dividends, interest and rent from investments Movement in working capital (Increase)/decrease in stocks (Increase)/decrease in debtors Increase/(Decrease) in creditors Cash generated from operations |
51,569 - - - 51,569 149,734 201,303 2,356 31,867 - - (8,078) 25,424 51,569 2022 |
(66,503) 17 (25,605) (25,588) (92,091) 241,825 149,734 (166,417) 32,531 (17) - 22,842 44,558 (66,503) 2021 |
|---|---|---|
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Yogahome Notes to the Financial Statements For the year ended 31 March 2022
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.
Goodwill
Goodwill is being written off over six years.
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 15% Straight line Plant and machinery 15% Reducing balance
Irrecoverable VAT
Irrecoverable VAT is included in the Statement of Financial Activities, and is reported as part of the expenditure to which it relates.
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Yogahome Notes to the Financial Statements Continued For the year ended 31 March 2022
2. Income from charitable activities
| Unrestricted funds Healthy recreation Provision of yoga and workshop sessions 3. Investment income Bank interest receivable 4. Expenditure on generating donations and legacies Unrestricted funds Donations 5. Costs of charitable activities by fund type Unrestricted funds Healthy recreation Support costs 6. Costs of charitable activities by activity type Support costs Activities undertaken directly £ £ Support costs Healthy recreation 452,715 271,554 |
2022 £ 654,040 2022 £ - - 2022 £ 1,537 1,537 2022 £ 271,554 452,715 724,269 2022 £ 724,269 |
2021 £ 349,529 2021 £ 17 |
|---|---|---|
| 17 | ||
| 2021 £ - |
||
| - | ||
| 2021 £ 188,025 392,893 |
||
| 580,918 | ||
| 2021 £ 580,918 |
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Yogahome
Notes to the Financial Statements Continued For the year ended 31 March 2022
7. Analysis of support costs
| nalysis of support costs | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Healthy recreation | ||
| Management | 451,218 | 390,657 |
| Finance | 96 | - |
| Governance costs | 1,401 | 2,236 |
| 452,715 | 392,893 |
8. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| This is stated after charging/(crediting): | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Depreciation of owned fixed assets | 31,868 | 32,531 |
| Amortisation of intangible fixed assets | ||
| Intangible asset 3 | 6,665 | 6,667 |
| Accountancy fees | 900 | 900 |
| Staff pension contributions | 9,433 | 9,139 |
9. Staff costs and emoluments
Total staff costs for the year ended 31 March 2022 were:
| Salaries and wages Social security costs Pension costs Charitable activities |
2022 £ 193,463 46,306 9,433 249,202 2022 9 9 |
2021 £ 181,337 50,349 9,139 |
|---|---|---|
| 240,825 | ||
| 2021 9 |
||
| 9 |
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Yogahome Notes to the Financial Statements Continued For the year ended 31 March 2022
10. 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 £3,978 to Bliss & Blaze Ltd and £16,819 to Minihome Ltd companies of which Maria Gandy and Billie Chan are directors.
11. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
12. Intangible fixed assets
| Cost or valuation At 01 April 2021 At 31 March 2022 Amortisation At 01 April 2021 Charge for year At 31 March 2022 Net book values At 31 March 2022 At 31 March 2021 |
£ Intangible asset 3 40,000 |
|---|---|
| 40,000 | |
| 33,335 6,665 |
|
| 40,000 | |
| - | |
| 6,665 |
13. Tangible fixed assets
| Cost or valuation At 01 April 2021 At 31 March 2022 Depreciation At 01 April 2021 Charge for year At 31 March 2022 Net book values At 31 March 2022 At 31 March 2021 |
Land and buildings £ 143,048 143,048 64,371 21,457 85,828 57,220 78,677 |
Plant and machinery £ 77,497 77,497 52,527 3,745 56,272 21,225 24,970 |
Total £ 220,545 |
|---|---|---|---|
| 220,545 | |||
| 116,898 25,202 |
|||
| 142,100 | |||
| 78,445 | |||
| 103,647 |
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Yogahome
Notes to the Financial Statements Continued For the year ended 31 March 2022
14. Debtors
| Amounts due within one year: Trade debtors Other debtors |
2022 2021 £ £ 4,864 - 25,865 22,651 30,729 22,651 |
|---|---|
15. Creditors: amounts falling due within one year
| 2022 £ Loans and overdrafts 10,000 Trade creditors 48,970 Other creditors 480 Accruals and deferred income 900 60,350 The following liabilities disclosed under creditors falling due within one year are secured by the charity: Bank loans and overdrafts 10,000 10,000 |
2021 £ - 23,193 - 900 |
|---|---|
| 24,093 | |
| - | |
| - |
16. Creditors: amounts falling due after more than one year
| Creditors: amounts falling due after more than one year | ||
|---|---|---|
| Loans and overdrafts | 2022 £ 39,167 39,167 |
2021 £ 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 39,167 39,167 |
50,000 |
|---|---|
| 50,000 |
17. Movement in funds
Unrestricted Funds
| Balance at | Incoming | Outgoing | Balance at | |
|---|---|---|---|---|
| 01/04/2021 | resources | resources | 31/03/2022 | |
| £ | £ | £ | £ | |
| General | ||||
| General | 208,604 | 728,162 | (725,806) | 210,960 |
| 208,604 | 728,162 | (725,806) | 210,960 |
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Yogahome
Notes to the Financial Statements Continued For the year ended 31 March 2022
Unrestricted Funds - Previous year
| General General |
Balance at 01/04/2020 £ 375,021 375,021 |
Incoming resources £ 414,501 414,501 |
Outgoing resources £ (580,918) (580,918) |
Balance at 31/03/2021 £ 208,604 |
|---|---|---|---|---|
| 208,604 |
Purpose of unrestricted Funds
General
The purpose of the general fund is to promote healthy recreation
18. Analysis of net assets between funds
| Analysis of net assets between funds | |||||
|---|---|---|---|---|---|
| Intangible | Tangible | Net current | Creditors > | Net Assets | |
| fixed assets | fixed assets | assets / | one year | ||
| (liabilities) | |||||
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General | |||||
| General | - | 78,445 | 171,682 | (39,167) | 210,960 |
| - | 78,445 | 171,682 | (39,167) | 210,960 | |
| Previous year | |||||
| Intangible | Tangible | Net current | Creditors > | Net Assets | |
| fixed assets | fixed assets | assets / | one year | ||
| (liabilities) | |||||
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General | |||||
| General | 6,665 | 103,647 | 148,292 | (50,000) | 208,604 |
| 6,665 | 103,647 | 148,292 | (50,000) | 208,604 |
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