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2024-10-31-accounts

Docusign Envelope ID: BF4BFD36-C0B8-4C16-83D4-F2177DDB5142

Adventure Ashram

Charity No. 1122629 Company No. 05952642

Trustees' Report and Unaudited Accounts

31 October 2024

Docusign Envelope ID: BF4BFD36-C0B8-4C16-83D4-F2177DDB5142 Adventure Ashram

Contents

Pages
Trustees' Annual Report 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Summary Income and Expenditure Account 7
Balance Sheet 8
Statement of Cash flows 9
Notes to the Accounts 10 to 15
Detailed Statement of Financial Activities 16 to 17

Page 1

Docusign Envelope ID: BF4BFD36-C0B8-4C16-83D4-F2177DDB5142

Adventure Ashram

Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 October 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 05952642

Charity No. 1122629

Registered Office

86-90 Paul Street London EC2A 4NE

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

E. Anderson (Resigned on 13 December 2023) K.M. Baldacchino

R. Clark M. Edwards C. Jarvis U. Naidoo M.E. Ring F. Taki C. Taylor

Company Secretary

S.E.A. Morton

Key Management Personnel

Chair C. Taylor S.E.A Morton(Resigned on 09 February Secretary 2024)

Accountants

Solutions Accountancy & Bookkeeping Ltd 1 The Mews Little Brunswick Street Huddersfield HD1 5JL

Page 2

Docusign Envelope ID: BF4BFD36-C0B8-4C16-83D4-F2177DDB5142 Adventure Ashram

Trustees Annual Report

OBJECTIVES AND ACTIVITIES

Adventure Ashram’s organisational aim remains to help some of the poorest people living on or around the route’s adventurers supporting the charity travel. The organisation’s mission is to empower and support communities through education, healthcare and refuge from human trafficking.

The trustees have paid due regard to guidance on public benefit issued by the Charity Commission in deciding what activities the charity should undertake.

Charities Supported:

Grace Charitable Trust: Facilitating access to education for children in the remote Mudumalai Tiger Reserve, Tamil Nadu, India.

Odanadi Seva Trust: Support for women and children affected by human trafficking, Mysore, Karnataka, India

Help without Frontiers: Support for refugees existing on the Thai/Myanmar border, the charity is in Thailand.

STAFFING

Siobhan McCarthy Morton resigned as CEO in February 2024. The charity took the opportunity to restructure its staffing arrangements, and the role of CEO was replaced by a Charity Coordinator role. Karina Middleton was appointed Charity Coordinator on 8th April 2024. This meant the strategic work previously undertaken by the CEO fell to the Trustees. Several sub-committees were formed; Finance, Governance, Program, and Fundraising to help fulfil this role. A part-time bookkeeper is employed in a freelance capacity, approximately 12 hours per month.

ACHIEVEMENTS AND PERFORMANCE

Refer to detailed Trustees Annual Report on page 18 to 21.

FINANCIAL REVIEW

The 2023/24 financial year concluded with a surplus of £17,572. Although income declined, generating £74,140 compared to £95,144 in the previous financial year, our organisational expenditures of £56,568 were lower than in the previous year.

Adventure Ashram continues to maintain organisational reserves with the intention of having a minimum of three months of operational funds as free reserves. On October 31st, 2024, the charity held £8,514. This amount falls just short of the requirement of £2,900 per month (or £8,715 quarterly). Adventure Ashram aims to further replenish the reserves during the upcoming financial year.

Adventure Ashram enters the new financial year extremely cautiously. The charity sector continues to grapple with persistent challenges, including the lingering effects of the pandemic, financial difficulties, and the ongoing global issues that impact donors’ capacity to contribute. We have taken this into account in the projections we have made and projects we have planned for the new financial year. The Trustees feel reassured for the organisation’s financial stability and future.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Page 3

Docusign Envelope ID: BF4BFD36-C0B8-4C16-83D4-F2177DDB5142 Adventure Ashram

Trustees Annual Report

The company is registered as a charitable company limited by guarantee and is governed by its Memorandum and Articles of Association dated 2 October 2006. In the event of the company being wound up, each member is required to contribute an amount not exceeding £10. The company is constituted under a trust deed and is a registered charity number 1122629. The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

C. Taylor Trustee 29 July 2025

Page 4

Docusign Envelope ID: BF4BFD36-C0B8-4C16-83D4-F2177DDB5142 Adventure Ashram Independent Examiners Report

Independent Examiner's Report to the trustees of Adventure Ashram

I report to the charity trustees on my examination of the financial statements of Adventure Ashram for the year ended 31 October 2024.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the Charity 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 financial statements as 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 examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

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 financial statements to be reached.

Vicky Newham CPAA Solutions Accountancy & Bookkeeping Ltd 1 The Mews

Little Brunswick Street Huddersfield

HD1 5JL 29 July 2025

Page 5

Docusign Envelope ID: BF4BFD36-C0B8-4C16-83D4-F2177DDB5142 Adventure Ashram

Statement of Financial Activities

for the year ended 31 October 2024

Notes
Income and endowments
from:
Charitable activities
4
Other
5
Total
Expenditure on:
Charitable activities
6
Other
7
Total
Net gains on investments
Net income
8
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Unrestricted
funds
2024
£
34,275
5,410
Restricted
funds
2024
£
34,455
-
Total funds
2024
£
68,730
5,410
Total funds
2023
£
88,822
6,322
39,685
8,404
23,124
34,455
25,040
-
74,140
33,444
23,124
95,144
56,549
36,862
31,528
-
25,040
-
56,568
-
93,411
-
8,157
-
9,415
-
17,572
-
1,733
-
8,157 9,415 17,572 1,733
8,157
18,944
9,415
20,473
17,572
39,417
1,733
37,684
27,101 29,888 56,989 39,417

Page 6

Docusign Envelope ID: BF4BFD36-C0B8-4C16-83D4-F2177DDB5142 Adventure Ashram

Summary Income and Expenditure Account

for the year ended 31 October 2024

Income
Gross income for the year
Expenditure
Total expenditure for the year
Net income before tax for the year
Net income for the year
2024
£
74,140
74,140
56,568
56,568
17,572
17,572
2023
£
95,144
95,144
93,411
93,411
1,733
1,733

Page 7

Docusign Envelope ID: BF4BFD36-C0B8-4C16-83D4-F2177DDB5142 Adventure Ashram

Balance Sheet

at 31 October 2024

at 31 October 2024
Company No.
05952642
Notes 2024 2023
£ £
Current assets
Cash at bank and in hand 57,185 39,613
57,185 39,613
Creditors:Amount falling due within one year 10 (196) (196)
Net current assets 56,989 39,417
Total assets less current liabilities 56,989 39,417
Net assets excluding pension asset or liability 56,989 39,417
Total net assets 56,989 39,417
The funds of the charity
Restricted funds 11
Restricted income funds 29,888 20,473
29,888 20,473
Unrestricted funds 11
General funds 18,592 15,530
Designated funds 8,510 3,414
27,101 18,944
Reserves 11
Total funds 56,989 39,417

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 October 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

Approved by the board on 29 July 2025

And signed on its behalf by:

C. Taylor Trustee 29 July 2025

Page 8

Docusign Envelope ID: BF4BFD36-C0B8-4C16-83D4-F2177DDB5142 Adventure Ashram

Statement of Cash flows

for the year ended 31 October 2024

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Dividends, interest and rents from investments
Other gains/losses
Increase in trade and other payables
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Net cash from investing activities
Net cash from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances
2024
£
17,572
(5,410)
-
-
12,162
5,410
5,410
-
17,572
39,613
57,185
57,185
57,185
2023
£
1,733
(6,322)
-
196
(4,393)
6,322
6,322
-
1,929
37,684
39,613
39,613
39,613

Page 9

Docusign Envelope ID: BF4BFD36-C0B8-4C16-83D4-F2177DDB5142 Adventure Ashram

Notes to the Accounts

for the year ended 31 October 2024

Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.

Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.

Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable.

Page 10

Docusign Envelope ID: BF4BFD36-C0B8-4C16-83D4-F2177DDB5142 Adventure Ashram

Notes to the Accounts

Expenditure

Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 11

Docusign Envelope ID: BF4BFD36-C0B8-4C16-83D4-F2177DDB5142 Adventure Ashram

Notes to the Accounts

3
Statement of Financial Activities - prior year
Income and endowments from:
Charitable activities
Other
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
4
Income from charitable activities
Donations, Grants and Other
Income
5
Other income
Other Incoming Resources
Bank Interest Received
Unrestricted
£
34,275
34,275
Unrestricted
funds
2023
£
49,151
6,322
55,473
14,985
36,862
51,847
3,626
(1,507)
2,119
2,119
16,825
18,944
Restricted
£
34,455
34,455
Unrestricted
£
4,639
771
5,410
Restricted
funds
2023
£
39,671
-
39,671
41,564
-
41,564
(1,893)
1,507
(386)
(386)
20,859
20,473
Total
2024
£
68,730
68,730
Total
2024
£
4,639
771
5,410
Total funds
2023
£
88,822
6,322
95,144
56,549
36,862
93,411
1,733
-
1,733
1,733
37,684
39,417
Total
2023
£
88,822
88,822
Total
2023
£
5,761
561
6,322

Page 12

Docusign Envelope ID: BF4BFD36-C0B8-4C16-83D4-F2177DDB5142

Adventure Ashram

Notes to the Accounts

6 Expenditure on charitable activities

Expenditure on charitable
activities
Donations, Grants and Other
Income
Governance costs
7
Other expenditure
Employee costs
Premises costs
General administrative costs
Legal and professional costs
8
Net income before transfers
This is stated after charging:
Independent Examiner's fee
9
Staff costs
Salaries and wages
Pension costs
No employee received emoluments in excess
10 Creditors:
amounts falling due within one year
Other taxes and social security
Other creditors
Unrestricted
£
8,404
8,404
of £60,000.
Restricted
£
25,040
25,040
Unrestricted
£
17,975
300
3,107
1,742
23,124
2024
£
1,200
2024
17,190
785
17,975
2024
£
33
163
196
Total
2024
£
33,444
33,444
Total
2024
£
17,975
300
3,107
1,742
23,124
Total
2023
£
56,549
56,549
Total
2023
£
31,875
298
2,960
1,729
36,862
2023
£
1,200
2023
30,849
1,026
31,875
2023
£
33
163
196

Page 13

Docusign Envelope ID: BF4BFD36-C0B8-4C16-83D4-F2177DDB5142 Adventure Ashram

Notes to the Accounts

11 Movement in funds

At 1
November
2023
Restricted funds:
Restricted income funds:
Grace Charitable Trust
-
Odanadi
20,473
Ted Jervis
-
Total
20,473
Unrestricted funds:
General funds
15,530
Designated funds:
Volunteering
983
YST sponsorship
661
Thailand on Road
1,770
UK Rally 2024
-
Total
3,414
Total funds
39,417
Purposes and restrictions in relation to the funds:
Restricted funds:
Grace Charitable Trust
Odanadi
Ted Jervis
Designated funds:
Volunteering
YST sponsorship
Thailand on Road
UK Rally 2024
Incoming
resources
(including
other
gains/losses
)
£
15,577
18,584
294
34,455
26,386
-
2,000
-
11,300
13,300
74,140
Resources
expended
£
(12,206)
(12,834)
-
(25,040)
(23,324)
(983)
(661)
(1,770)
(4,790)
(8,204)
(56,568)
At 31
October
2024
£
3,371
26,223
294
29,888
18,592
-
2,000
-
6,510
8,510
56,989

12 Analysis of net assets between funds

Analysis of net assets between funds
Net current assets Unrestricted
funds
£
44,489
44,489
Restricted
funds
£
12,500
12,500
Total
£
56,989
56,989

Page 14

Docusign Envelope ID: BF4BFD36-C0B8-4C16-83D4-F2177DDB5142 Adventure Ashram

Notes to the Accounts

13 Reconciliation of net debt

13 Reconciliation of net debt
Cash and cash equivalents
Net debt
At 1
November
2023
£
Cash flows
£
At 31
October
2024
£
39,613 17,572 57,185
39,613
39,613
17,572
17,572
57,185
57,185
14 Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases
2024
Land and
buildings
£
Operating leases with expiry date:
Pension commitments
The pension cost charge to the company
amounted to:
15 Related party disclosures
Controlling party
are as follows:
2024
Other
£
2024
£
785
2023
Land and
buildings
£
2023
Other
£
2023
£
1,026

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 15

Docusign Envelope ID: BF4BFD36-C0B8-4C16-83D4-F2177DDB5142 Adventure Ashram

Detailed Statement of Financial Activities

for the year ended 31 October 2024

Income and endowments from:
Charitable activities
Donations, Grants and Other
Income
Other
Other Incoming Resources
Bank Interest Received
Total income and endowments
Expenditure on:
Charitable activities
Donations, Grants and Other
Income
Total of expenditure on charitable
activities
Employee costs
Salaries/wages
Pension costs
Premises costs
Rent
General administrative costs,
including depreciation and
amortisation
Bank charges
General insurances
Software, IT support and related
costs
Stationery and printing
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Other legal and professional
costs
Unrestricted
funds
2024
£
34,275
34,275
4,639
771
5,410
39,685
8,404
8,404
8,404
17,190
785
17,975
300
300
1,221
817
864
111
94
3,107
1,200
542
1,742
Restricted
funds
2024
£
34,455
34,455
-
-
-
34,455
25,040
25,040
25,040
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total funds
2024
£
68,730
68,730
4,639
771
5,410
74,140
33,444
33,444
33,444
17,190
785
17,975
300
300
1,221
817
864
111
94
3,107
1,200
542
1,742
Total funds
2023
£
88,822
88,822
5,761
561
6,322
95,144
56,549
56,549
56,549
30,849
1,026
31,875
298
298
1,264
777
796
30
93
2,960
1,200
529
1,729

Page 16

Docusign Envelope ID: BF4BFD36-C0B8-4C16-83D4-F2177DDB5142

Adventure Ashram

Detailed Statement of Financial Activities

Adventure Ashram
Detailed Statement of Financial Activities
Envelope ID: BF4BFD36-C0B8-4C16-83D4-F2177DDB5142
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
23,124
31,528
-
8,157
8,157
-
8,157
18,944
27,101
-
25,040
-
9,415
9,415
-
9,415
20,473
29,888
23,124
56,568
-
17,572
17,572
-
17,572
39,417
56,989
36,862
93,411
-
1,733
1,733
-
1,733
37,684
39,417

Page 17

Docusign Envelope ID: BF4BFD36-C0B8-4C16-83D4-F2177DDB5142

Adventure Ashram

Trustees Annual Report for the Year Ended 31 October 2024(Detailed)

KEY ACTIVITIES AND ACHIEVEMENTS

CHARITABLE ACTIVITIES

The 2023/2024 financial year continued to be difficult for many small charities and their beneficiaries across the globe, and Adventure Ashram was no exception. Adventure Ashram has continued to face challenges raising its income because of the ongoing external factors following the pandemic and global issues.

A great deal of commitment and passion goes into delivering Adventure Ashram’s offerings and programmes over the course of a year. The projects and campaigns are delivered by a small part time staff team and a small number of volunteers.

During this financial year Adventure Ashram was able to provide support to our partner charities in India to help with the following:

GRACE CHARITABLE TRUST

Total Grants given £12.2K

ODANADI SEVA TRUST

Total Grants given £25K

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Docusign Envelope ID: BF4BFD36-C0B8-4C16-83D4-F2177DDB5142

Adventure Ashram

Trustees Annual Report for the Year Ended 31 October 2024(Detailed continued)

FINANCIAL YEAR 2023/24 ACHIEVEMENTS

Despite the ongoing difficult global and national circumstances, Adventure Ashram delivered some successful fundraisers in 2023/2024:

Festive Fundraiser December 2023: We ran a festive fundraiser with the Big Give Appeal which raised £3,720 towards Odanadi’s employment programmes.

Yoga Stops Traffick: The 6th global Yoga Stops Traffick campaign managed by Adventure Ashram took place on Sat 31st March 2024. Sunrise classes with 54 or 108 sun salutations were held by local studios and individuals from the UK, Norway, and other countries raising funds to support the Odanadi safe houses and survivors of human trafficking in India.

The UK Car & Motorbike Rally: Our flagship annual fundraising event was held in Snowdonia in May 2023. This Rally celebrated the 10th anniversary of the Adventure Ashram UK Rally. Several supporters sponsored the event, and funds were raised through a percentage of ticket sales, raffle tickets, auction prizes and event sponsorship. We give a special thanks to the Mason family who donated for the third year £1500 in memory of their son Paul. This donation was split between the Odanadi Seva Trust and Grace Charitable Trust. A total of £6,510 was raised and we thank all the supporters who came and joined us for a day of adventurous riding and significant fundraising.

Challenge events: Several fundraising challenges took place during the year, including the London to Brighton Cycle Ride, Swim Serpentine, and a charity Sky dive.

Camp Bestval July 2024

Total raised: £570.40 – for Yoga Stops Traffick

This was a new event for us to attend. Organisers invited us free of charge and Karina attended and recruited 3 volunteers. We sold yoga mats, bolsters, t-shirts and items from our partner Secret Projects – saris, cushions, etc

World Day Against Trafcking in Persons

Jade Yoga Promotion

Total raised - £400

This partnership had previously indicated they would no longer support us but our Charity Coordinator worked with them to bring them back on board.

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Docusign Envelope ID: BF4BFD36-C0B8-4C16-83D4-F2177DDB5142

Adventure Ashram

Trustees Annual Report for the Year Ended 31 October 2024(Detailed continued)

Om & Bass Festival:

Total raised - £3,755

We were invited back to host a stall at the Om & Bass festival in Sep 2024; this was a great opportunity to meet with many likeminded yoga enthusiasts and businesses, and we give a big thanks to the Om & Bass team for their ongoing support for Yoga Stops Traffick. We raised just £3,755, an increase of £1,755 on the previous year! Thanks to everyone who volunteered all weekend at the event.

Direct Debits : We are incredibly fortunate to have dedicated supporters who provide regular donations for Grace Charitable Trust and the Odanadi Seva Trust through direct debits. We give a huge thank you to everyone who has continued to support Adventure Ashram with direct debits and regular donations – these donations really are a lifeline for our partners in India who receive these funds directly.

Adventure Ashram is fortunate to have the support of some major donors and key supporters, and we would like to thank those individuals who have supported the charity with significant donations during this financial year.

VOLUNTEERING

We were excited to welcome new volunteers to Adventure Ashram; thank you to everyone who offered their time to support the charity this year.

LOOKING INTO THE FUTURE

After making appropriate enquires, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Adventure Ashram continues to follow up the progress of and impact on supported projects with regular visits by trustees and staff teams.

Page 20