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2025-10-31-accounts

Docusign Envelope ID: CE2540E9-9B1D-84EF-8359-D1100C568796

Adventure Ashram

Charity No. 1122629 Company No. 05952642

Trustees' Report and Unaudited Accounts

31 October 2025

Docusign Envelope ID: CE2540E9-9B1D-84EF-8359-D1100C568796 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: CE2540E9-9B1D-84EF-8359-D1100C568796

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 2025.

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:

K.M. Baldacchino (Resigned 7 April 2025) R. Clark M. Edwards (Resigned 25 March 2025) C. Jarvis (Resigned 22 October 2025) U. Naidoo M.E. Ring G.W. Stiven (Appointed on 29 November 2024) F. Taki C. Taylor

Key Management Personnel

Chair C. Taylor

Accountants

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

Page 2

Docusign Envelope ID: CE2540E9-9B1D-84EF-8359-D1100C568796 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.

Staff and trustees

Following the 2024 staffing structure review, we said farewell to our Charity Coordinator at the end of her fixed-term contract and agreed to divide the role into two posts: one focused on Yoga Stops Traffick and one on Adventure Ashram’s core business. We were pleased to welcome Margaret Ring as Yoga Stops Traffick Manager, alongside her voluntary role as Trustee/Director, and former CEO Fritha Vincent Mason as Charity Manager.

We thanked long-standing trustees Craig Jarvis, Mark Edwards and recently-appointed Kathryn Baldacchino as they stepped down because of other commitments and welcomed Garry Stiven as a new trustee. The Board remains grateful for the financial, operational and governance support given by trustees and volunteers over many years.

ACHIEVEMENTS AND PERFORMANCE

Refer to detailed Trustees Annual Report on page 18 to 19.

FINANCIAL REVIEW

The 2024/25 financial year concluded with a deficit of £886. Although income increased, generating £83,029 compared to £74,140 in the previous financial year, our organisational expenditures of £83,914 were higher 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, 2025, the charity held £8,664. 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.

Page 3

Docusign Envelope ID: CE2540E9-9B1D-84EF-8359-D1100C568796

Adventure Ashram

Trustees Annual Report

STRUCTURE, GOVERNANCE AND MANAGEMENT

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 2026

Page 4

Docusign Envelope ID: CE2540E9-9B1D-84EF-8359-D1100C568796 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 2025.

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 1 The Mews Little Brunswick Street Huddersfield

HD1 5JL 29 July 2026

Page 5

Docusign Envelope ID: CE2540E9-9B1D-84EF-8359-D1100C568796 Adventure Ashram

Statement of Financial Activities

for the year ended 31 October 2025

Notes
Income and endowments
from:
Charitable activities
4
Other
5
Total
Expenditure on:
Charitable activities
6
Other
7
Total
Net gains on investments
Net (expenditure)/income
8
Transfers between funds
Net (expenditure)/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
2025
£
34,705
2,934
Restricted
funds
2025
£
45,385
5
Total funds
2025
£
80,090
2,939
Total funds
2024
£
68,730
5,410
37,639
13,612
19,506
45,390
50,797
-
83,029
64,409
19,506
74,140
33,444
23,124
33,118
-
50,797
-
83,915
-
56,568
-
4,521
-
(5,407)
-
(886)
-
17,572
-
4,521 (5,407) (886) 17,572
4,521
27,101
(5,407)
29,888
(886)
56,989
17,572
39,417
31,622 24,481 56,103 56,989

Page 6

Docusign Envelope ID: CE2540E9-9B1D-84EF-8359-D1100C568796 Adventure Ashram

Summary Income and Expenditure Account

for the year ended 31 October 2025

Income
Gross income for the year
Expenditure
Total expenditure for the year
Net (expenditure)/income before tax
for the year
Net (expenditure )/income for the year
2025
£
83,029
83,029
83,915
83,915
(886)
(886)
2024
£
74,140
74,140
56,568
56,568
17,572
17,572

Page 7

Docusign Envelope ID: CE2540E9-9B1D-84EF-8359-D1100C568796 Adventure Ashram

Balance Sheet

at 31 October 2025

Company No.
05952642
Notes
2025
£
Current assets
Cash at bank and in hand
56,103
56,103
Creditors:Amount falling due within one year
10
-
Net current assets
56,103
Total assets less current liabilities
56,103
Net assets excluding pension asset or liability
56,103
Total net assets
56,103
The funds of the charity
Restricted funds
11
Restricted income funds
24,481
24,481
Unrestricted funds
11
General funds
19,839
Designated funds
11,783
31,622
Reserves
11
Total funds
56,103
2024
£
57,185
57,185
(196)
56,989
56,989
56,989
56,989
29,888
29,888
18,591
8,510
27,101
56,989

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 2025 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 2026

And signed on its behalf by:

C. Taylor Trustee 29 July 2026

Page 8

Docusign Envelope ID: CE2540E9-9B1D-84EF-8359-D1100C568796 Adventure Ashram

Statement of Cash flows

for the year ended 31 October 2025

Cash flows from operating activities
Net (expenditure)/income per Statement of Financial Activities
Adjustments for:
Dividends, interest and rents from investments
Decrease in trade and other payables
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Net cash from investing activities
Net cash from financing activities
Net (decrease)/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
2025
£
(886)
(2,939)
(196)
(4,021)
2,939
2,939
-
(1,082)
57,185
56,103
56,103
56,103
2024
£
17,572
(5,410)
-
12,162
5,410
5,410
-
17,572
39,613
57,185
57,185
57,185

Page 9

Docusign Envelope ID: CE2540E9-9B1D-84EF-8359-D1100C568796 Adventure Ashram

Notes to the Accounts

for the year ended 31 October 2025

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: CE2540E9-9B1D-84EF-8359-D1100C568796 Adventure Ashram

Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.

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: CE2540E9-9B1D-84EF-8359-D1100C568796 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
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
£
34,705
34,705
Unrestricted
£
2,254
680
2,934
Unrestricted
funds
2024
£
34,275
5,410
39,685
8,404
23,124
31,528
8,157
8,157
8,157
18,944
27,101
Restricted
£
45,385
45,385
Restricted
£
-
5
5
Restricted
funds
2024
£
34,455
-
34,455
25,040
-
25,040
9,415
9,415
9,415
20,473
29,888
Total
2025
£
80,090
80,090
Total
2025
£
2,254
685
2,939
Total funds
2024
£
68,730
5,410
74,140
33,444
23,124
56,568
17,572
17,572
17,572
39,417
56,989
Total
2024
£
68,730
68,730
Total
2024
£
4,639
771
5,410

Page 12

Docusign Envelope ID: CE2540E9-9B1D-84EF-8359-D1100C568796

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 (expenditure)/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
£
13,612
13,612
of £60,000.
Restricted
£
50,797
50,797
Unrestricted
£
15,007
360
2,375
1,764
19,506
2025
£
1,200
2025
14,243
764
15,007
2025
£
-
-
-
Total
2025
£
64,409
64,409
Total
2025
£
15,007
360
2,375
1,764
19,506
Total
2024
£
33,444
33,444
Total
2024
£
17,975
300
3,107
1,742
23,124
2024
£
1,200
2024
17,190
785
17,975
2024
£
33
163
196

Page 13

Docusign Envelope ID: CE2540E9-9B1D-84EF-8359-D1100C568796

Adventure Ashram

Notes to the Accounts

11 Movement in funds

At 1
November
2024
Restricted funds:
Restricted income funds:
Grace Charitable Trust
3,371
Odanadi
26,223
Ted Jervis
294
Total
29,888
Unrestricted funds:
General funds
18,591
Designated funds:
YST sponsorship
2,000
Thailand on Road
-
UK Rally 2024
6,510
India trip March 2025
-
Total
8,510
Total funds
56,989
Purposes and restrictions in relation to the funds:
Restricted funds:
Grace Charitable Trust
Odanadi
Ted Jervis
Designated funds:
YST sponsorship
Thailand on Road
UK Rally 2024
India trip March 2025
Incoming
resources
(including
other
gains/losses
)
£
23,502
21,543
345
45,390
24,774
-
1,975
7,100
3,790
12,865
83,029
Resources
expended
£
(24,700)
(26,097)
-
(50,797)
(23,526)
(1,000)
-
(5,315)
(3,277)
(9,592)
(83,915)
At 31
October
2025
£
2,173
21,669
639
24,481
19,839
1,000
1,975
8,295
513
11,783
56,103

12 Analysis of net assets between funds

Analysis of net assets between funds
Net current assets Unrestricted
funds
£
42,581
42,581
Restricted
funds
£
13,522
13,522
Total
£
56,103
56,103

Page 14

Docusign Envelope ID: CE2540E9-9B1D-84EF-8359-D1100C568796

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
2024
£
Cash flows
£
At 31
October
2025
£
57,185 (1,082) 56,103
57,185
57,185
(1,082)
(1,082)
56,103
56,103
14 Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases
2025
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:
2025
Other
£
2025
£
764
2024
Land and
buildings
£
2024
Other
£
2024
£
785

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

Page 15

Docusign Envelope ID: CE2540E9-9B1D-84EF-8359-D1100C568796 Adventure Ashram

Detailed Statement of Financial Activities

for the year ended 31 October 2025

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
Unrestricte
d funds
2025
£
34,705
34,705
2,254
680
2,934
37,639
13,612
13,612
13,612
14,243
764
15,007
360
360
1,302
-
972
-
101
2,375
1,200
564
1,764
Restricted
funds
2025
£
45,385
45,385
-
5
5
45,390
50,797
50,797
50,797
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total funds
2025
£
80,090
80,090
2,254
685
2,939
83,029
64,409
64,409
64,409
14,243
764
15,007
360
360
1,302
-
972
-
101
2,375
1,200
564
1,764
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

Page 16

Docusign Envelope ID: CE2540E9-9B1D-84EF-8359-D1100C568796

Adventure Ashram

Detailed Statement of Financial Activities

Adventure Ashram
Detailed Statement of Financial Activities
Envelope ID: CE2540E9-9B1D-84EF-8359-D1100C568796
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net (expenditure)/income
Net (expenditure)/income before
other gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
19,506
33,118
-
4,521
4,521
-
4,521
27,101
31,622
-
50,797
-
(5,407)
(5,407)
-
(5,407)
29,888
24,481
19,506
83,915
-
(886)
(886)
-
(886)
56,989
56,103
23,124
56,568
-
17,572
17,572
-
17,572
39,417
56,989

Page 17

Docusign Envelope ID: CE2540E9-9B1D-84EF-8359-D1100C568796

Adventure Ashram

Trustees Annual Report for the Year Ended 31 October 2025 (Detailed)

KEY ACTIVITIES AND ACHIEVEMENTS

CHARITABLE ACTIVITIES

During the year Adventure Ashram continued as a small, values-led charity supporting trusted grassroots partners in India and Southeast Asia. Our work focused on anti-human trafficking, survivor rehabilitation, education, community support and practical fundraising, with particular emphasis on Odanadi Seva Trust, Yoga Stops Traffick, Grace Charitable Trust and a new adventure fundraising initiative.

PROGRAMME FOCUS AND PARTNER IMPACT

Adventure Ashram’s role remained one of partnership: raising funds, building awareness and helping supporters understand the human impact of their giving. We continued to support Odanadi Seva Trust in Mysore, whose work provides safe accommodation, food, counselling, education, yoga, vocational training and reintegration support for women and children affected by trafficking, sexual exploitation, slavery, domestic abuse and child marriage.

Yoga Stops Traffick remained our flagship global campaign. The 2025 campaign, centred on 29 March 2025, invited yoga teachers, studios, community groups and individuals to host donationbased events and awareness activities. It raised approximately £10,500 for Odanadi’s rescue, rehabilitation and recovery work, while keeping the issue of human trafficking visible to supporters around the world. Our Big Give campaign in December 2024 raised £8,000 to support Odanadi’s new building project.

GRACE CHARITABLE TRUST AND FCRA EMERGENCY APPEAL

We also worked to support Grace Charitable Trust, whose work with vulnerable children and families aligns closely with our education and welfare priorities.

Grace Charitable Trust’s ability to receive overseas funding was affected by its FCRA renewal. Following an emergency appeal to cover essential running costs for around ten months while a fresh application was considered, Adventure Ashram raised and sent £18,000 in time to meet the understood May deadline under the existing permission. However, when the renewal was refused, the old FCRA permission ended earlier than expected. As a result, the funds could not be used by Grace Charitable Trust as intended, creating an immediate operational challenge despite the grant being made in good faith and within the deadline understood at the time. Grace Charitable Trust continue with their efforts to obtain an FCRA, in the meantime our donation is being held in India pending a decision.

Page 18

Docusign Envelope ID: CE2540E9-9B1D-84EF-8359-D1100C568796

Adventure Ashram

Trustees Annual Report for the Year Ended 31 October 2025(Detailed continued)

NEW ADVENTURE FUNDRAISING

In November 2024 a motorbike adventure to Thailand raised funds for Help without Frontiers, an organisation supporting displaced people along the Thai-Myanmar border. This reflected Adventure Ashram’s continuing identity as the “adventurers’ charity” and its commitment to connecting personal challenge with practical support for communities affected by hardship and displacement.

ACHIEVEMENTS AND LOOKING AHEAD

The year demonstrated the continuing strength of Adventure Ashram’s supporter community, the relevance of Yoga Stops Traffick and the importance of clear, timely communications with project partners and donors. Fundraising remained challenging, requiring careful prioritisation and renewed attention to sustainable income. Looking ahead, we will strengthen core partnerships, develop Yoga Stops Traffick, improve impact storytelling and use the review of our Vision, Purpose, Mission and Values as the first step in planning for the charity’s 20th year in 2026. We started consideration of a relaunch or rebrand of the charity. The Board’s priority is to keep Adventure Ashram focused, resilient and able to make a meaningful contribution to the lives of those supported by its partners.

Page 19