REGJSTERED COMPANY NUMBER: 6767140 ffn#l#nd ind Wales) REGISTERED CHARITY NUMBER. 1128649 SHRI RAM CHANDRA MISSION UK REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED31 DECEMBER 2024 SHRI RAM CHANDRA MISSION UK CONTEN'TS OF THE FINANCIAL STATEMENTS FOR THE YEAR EliDED 31 DECEMBER 2024 Pagt Report of the Trnstees Independent E54miner'$ Report Statement of Financial Activities B#l#nte Sbeet Notes to ihe Flnittclal Statements 9 10 16 Detsiled St*temtnt of Fln*nelal Ae¢i)Itle5 17 SHRI RAM CHANDRA MISSION UK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 21124 The trustees who are also directors ofthe charity for the Plkrposes of the Companies Aci 2006, preseni iheir rew)n with the financial stateTnents of the charity for the year end¢d 31 Dec¢mbeT 2024. Th¢ ijusiees have adopted the provi5ion5 of Accouniing ond Reporting by Charilies.. StateThenl of Recommended Practice applicable io charities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in ihe UK and Republic of Ireland IFRS 1021 (effeetive l January 20191. 0￿ECTIVEs AND ACTIVITIES Objertives and Èims The objective of ihe Charity is to proieci and preserve the public health through the practice of the Sahaj Marg system of meditation, now also known as Heartfulness IHFN UK). Significgnt Aetiiities The company's principal activiiies are.. Establish meditation centres for praclitioners of Sahaj MaT8.IHeartfulness within the Uniled Kingdom. Work in pannership with Shri Ram Chandra Mission Ireland lan Irish Charity hawing similar objectives). Facililale meditsiion, study groups, rdreais and public inforniation vpen days in established Shri Chandra Mission UK ISRCM UKIIHeartfulness cenlres. Increasingly, meditation is also offer¢d ¢hrough online platforn)s and vaT)OUS social media channel5. Facilitation and introduction of member5 of lh¢ publi¢ in the 5ySt¢m of Sahaj MarglHeartfulness Meditation. Disseminaie SRCM UIUHeartfuln¢ss literatUT¢ and inforn)atioll of the charity lo it5 rnembers and the publie throughout the United Kingdom. Volunteer5 The Charity has been dependent on the services of volunteer5 to carry out its objectives. The volunteers (including directorsl give iheir time free of charge, and li is not possible lo quantify the benefii arising to the cornpany. The directors wish io express their deep grotitude io ih05e who give iheir setvice in ihis ￿ay. A Volunteers. trainin¥ programme is updated every year with any new policies and volunteers are required to compleie the traitting every yeaT to ensure that they are up to date. ACHIEVEMENTS AYD PERFORMAf4CE Charitable gttivities Funding and Charity Mirtagtment The ioial income for the yeaT ended 31 December 2024 wa5 £350,494, representing an increas¢ of £267,817 compared to the previous yearfs income of £82.677. This significant growth was primarily driven by an in¢r¢ase in in¢oThe from events, which rose by £212,245 10 £225,468. Of this amouni, £216,563 was attribuiable lo the Heartfulness European Event. which w(t5 lh¢ ke). contribuior io ihi5 TnoveTnenr. Additional increases were also observed in donarions and fjift Aid incorne. Gifi Aid tncome rose by £13,649 10 £20,654 in ihe year ended 31 De¢ember 2024. This increase 15 largely artribulable io ihe Charity's abiliiy io claim a higher arnouni of Gift Aid ihan initially anticipated for the financial year$ 2020 to 2023. The Gifi Aid claim for the financial year 2024 will be submitted once the accounts ar¢ filed. rhnalions for tlie year ended 31 December 2024 increased by £32,244 10 £91,035. A si¥tJifi¢ani ¢ontTibuting factor wa5 30.000 donation pledged by Heartfulness Foundation Belgium to support the eosts asso¢iaied with the Heartfulness European Event h¢ld in London in May 2024. Alihough pledged in 2024, the donation wa5 received in May 2025. A5 is consislenl with ihe nature of the Charity. the majoTlty of income 15 derived from donations and l¢ga¢ies, including Gift Aid. Operational ¢xpen5es related io lh¢ running of Heartspots were primarily mei through voluntary donations from Heartfulrtess practitioners. Th¢se donations weTe receivd vi3 Standing OTd¢rs and online transfers. In addition. all ad¥nini51rative Costs. Includin￿ ¢h05e related to the rnainterEance of the London MedttatioTh Centre, were fully covered through such ￿ntributIonS. Page I SHRI RAM CHANDRA MISSION UK REPORT OF THE TRUSTEES FOR THE YEAR ENDED31 DECEMBER 2024 ACHIEVEMEP4TS AND PERFORMANCE Mtdltathon Centres and Group¥ London Cenire.. In February 2012, SRCM UK acquired a long-teTrn leosehtsld interest1990 years} on premi5cs I￿ated in Siratford, LA)ndon. These premise5 were subsequently converted into an ashram Ispirityal ¢¢ntrel for the benefit and use of Heartfulne$s practitioners across the UK and Ireland. Th¢ a¢quisition wa5 financed through a combinathon of local savings and donations received both from wtthin the UK and from supponers a¢r05s the global SRCMIHeartfulness community. Other UK Heart5pots.. As at 31 December 2024. Heartfulness meditation activities continued to be offered across network of cenlres and local groups throughout the United Kingdom. Regular 8TOUP rneditations and associared a¢iivitie$ took place in major locations including London, Manchester. Birmingham, Milion Keynes, Leeds. Glasgow. Brimol, and others. The Charity was siipponed by a totsl t)f I I S certifjed trniners across the country. including 10 newly certified trainers durin8 Ihe year. Thi5 gr0￿h has helped increase the number of accessible Heartspots (designated locations for Heartfulnes5 pfdcticel, particularly in regions wher¢ local demand h&8 grown. Each zone is supported by a zonal trainer le&d, ¢ontributing to a mor¢ I￿￿115ed and responsive approa¢h io spirituBI service delivery. The struc1u￿ established in 2023-comprisin8 regional zones and lo¢al toordinator role5-has continued to provide stability, 5UPPOrt. and focus for local prdCtitioner5 and volunteers. Monthly "Train¢T Connect. 5e55ions and a UK-wide trainer 8atherin8 during the year further strengthened wnnection and alignment across the Heartfulness trainer network. In addition. European vinual meetin85 took place throughout ihe year. This wa5 a great opportunity to int¢rnct with practitioners across Europe. These virtual sessiolls were well attended, suppgrting new meditators as well e5tiblished Heartfulness prnctiiioners. Expansion The year 2024 marked the continued emphasis on s¢rudures. 8rowth. organisational capacity building. and enhancing supp)n A major developm¢ni was the successful h05ting of the Heartfulness European Seminar in London from 17th to 19th May 2024. Thi5 eveni, attended by over 1,500 participants including international guests and members of the public. represented the first such Seminar in Europe sinc¢ the COVID-19 pandemi¢. It s¢Èved as a key milestone in the Charity's development, boostin8 engageTnen¢. stTengthening inter-regional collaboration, and it)spiring a si8nificallt increase in local activity. In response io increased activity in London. a 5e¢ortd London zone was fonnally created in late 2024. bringing the ￿ts] number of UK zone5 to eight. Several zones reported growth in trainer number& Heartspots, and volunteer participation, demonstrating the strength of the Charity's cornmunity development approach. Heartfulness Outregth Activities Public.fa¢ing outrea¢h activities expanded significantly during 2024. 5UPWrted by strong local ¢ngag¢ment and a more coordina*d national strategy. Throughout the year, volunteers actively collaborated with a range of Tespected organisations. high-profile tndividllals. and senior government officials to create opp)rtuniti¢s for SRCM UK to promote Heartfulness meditation. These efforts aimed io increase visibility and recognition of Heartfijlness as a well-being practice across the UK. Zones across the country or8anised publi¢ ev¢nts aligned with intemationally re¢ognis¢d observances. intluding the International Day of Yo84 International Day of Pea¢e, and World Meditation Day. Thes¢ events experienced htgher public participation than in previous years and benefited from enhanced media presen¢e, social media en8a8ernent, and effeciive collaboration between zones. Pa8e 2 SHRI RAM CHAYDRA MISSION UK REPORT OF THE TRUSTEES FOR THE YEAR Ef*DED31 DECEMBER 2024 ACHIEVEMENTS AND PERFORMANCE Hexrtfulness O￿tre￿Ch ACtI￿ttle5 Heanfulness irainers also delivered corporate well-being sessions to s¢v¢ral prominent organisations. including NaiWe5t, KPMG UK. Cognizant. and ihe Crown Office and ProcuTalor Fiscal Service ICOPFSI in Scotland. The high quality of pro8ramme content and presenlation contributed to stron8 attendance and positive feedback. The Charity. further promoted He&rtfulness practices through its participation in health and wellbeing exhibitions, and by condllctlD8 sessions in business¢s, universiiies. and communiry venues across the UK. So¢ial ￿edia aclivily increased 51eadily. supported by the efforts of the Heartfulness UK rnedia team. The Charity experienced 8rowth in both online engagement and follower numbers, further enhancing its digiial outreach. Connections with other communiii¢s, ¢harilies. and well-being organisations were also developed and sirengih¢ned during ihe year. A key milestone in outreach was the Heartfulness European Seminar, held in London in May 2024. The event included sessions specifically tailored for newcomers and members of the public. UK-based volunteers played a central role in organisin¥ and delivering the eveni, gaining valuable experi¢nc¢ in managing high-profjle, lar¥e-scale public programmes. Future developmenls Looking oh¢ad, Ihe Charity's priorities remain aligned with its three-year development plan, wilh o coniinued focus on volunteer sup￿rt, expansion. and development,. and building a sironger eommunieation infrasiTuciure. The Charity Te-launclied Its website in Febrnary 2024. designed to enhance Ihe txperience of new medilalors and reflect global branding standards. This marked a significant step in strengthening digital presence. I￿,ork continues on o separate intemal plaiform io support tTainers, I'olunieers. and functionaries, which remains a Slraie¥i¢ PTiority for 2025. The proposal by the DireclOTS of the Charity to lease the Sirdtford Centre premises is moving fon4.ard and a good i¢nant has been found. They ate 10 occupy the premises irt Auiumn 2025, and the income will boost the Charity's potential for visibility, expansion, and scope of WOTk. The expanded zonal 51ruclure, funclionary support network: and Country CooTdinator visils have enabled a deeper nderstanding of regional needs. These effons will continue lo bc nurtured as the Charity. ILN)ks io ihe t'uiure. FINAN'CIAL REI'IEW Principal funding 50urce5 The charity's aclivities and development during the year continued to be funded PTirnarily through donations and event-related income, with additional coniribuiions from Gifi Aid. book sales. 2nd interest received. For Ihe year ended 31 December 2024, total income amounted lo £350.494. repre%enitng a significant increase fTOrn the preN'ious year. This gr0￿h was primarily driven by an increase in income from event5, which rose b> £212,245 to £225.468. Of ihts, £216,563 was auribuiable to the Heartfulness European Event. which served as the prin¢ipal driver of the uplift in income. rA)nations also increased 5ub5tantially during the year. riSiTtg by £32,244 to £91,075. A major contrrbuting factor was 30.000 dona(ion pledged by Hcartfulncss Follndation Bclgium in support of the Heartfulncss European Evcnt. Ivhile the donation was pledged in 2024. it was physically received in May 2025. These funding streams remain vital to the charity's ability to expand its outreach and fulfil lis objectives across the UK. Page 3 SHRI RAM CHANDRA MISSION UK REPORTOFTHE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER2024 FINANCIAL REVIEW Expcnditure &nd Deficit The su¢¢essful organisaiion and delivery of the Heartfulnes5 European Event in May 2024. which welcomed over 1,51MJ attendees, significantly increased the ¢h8rtty's expenditure for the year. Total event-relaied expenditure amounied to £326.099. of which £323,814 related specifically to the Heartfulness European Event. The scale and ambition of this international event necessitated substantial financial and Yolunteer investment to ensure it5 5UCC¢S5. This extraordtnary level of expenditure was the key factor ¢ontributing to the defieit reported for the year ¢nd¢d 31 December 2024. Reserves poliry It is tht policy of the Charity to ma5Otaits unrestricted reserves. i.e. unrestricted fvnds noi committed or invested iTt fixed ass¢ts, at a level whieh equates to at le&st four io six monihs annual income. Funds in defielt There were no funds in deficit at the year ended 31 De¢emb¢r 2024. Results for the y¢8r The Siatement of Financi81 Activities on page 7 reflect5 a defjcii of £67,509 for the year ended 31 December 2024 (2023 £20,988). The Det assets of the company at the year ended 31 December 2024 were £1.401.227 (2023 £1,468,736). STRUCTLIRE, GOVERliANCE AND MANAGEMENT Statu$ of Charity Gov¢rning do¢ument The Charity is controlled by its goveming docum¢nl IMemor8ndum and Articles) and consiiiut¢s a limited company. limited by guarantee. as defined by the Companies A¢t 2006. Shri Ram Chandra Mission UK I'the Charity'l is a company limited b) guarontee, company number 6767140. The ompany. also known as SRCM LTK and now tradin￿orkIng as Heartfulness UK, is registered in England and Scotland as a charity (Charity Commission No. 1128649. OSCR No. SC0386151. The Charhty L$ governed by its Memorandum and Articles of Association. Retrultment gnd appointment of directors Directots are aptx)inted for a fix¢d term of 4 ye￿5 but eart be re-appoinied after this period. New director5 are appointed at the discretion of the companyy appToved by a majority in a board of directors. meeting. The Charity's values. aims and objeciives are explained to new directors. as well as its day-to-day operation5. The Statutory Tespx)nsibiliiies of directors are a150 ouilin¢d arrvrding tv ih¥ M¢tJ]vrandutti a]id Anicles of Association. Upd&ting the eharity's policies All r¢levant polictes and codes of conduct are also displayed on th¢ UK w¢bsite for wewing by the generdl public. Admini$trAtive Struct￿re The directors of the Charity aTe resp)nsibl¢ for the overdll administration tsf the company. An Executive Cornmittee i.c. the President, Secretary. As515tant S¢rretaries, and Treasurer oversees the day-lfrday operations of the Charity. Trainer5 8nd He4rtSFOt Coordinitors support the work of the Executive Comtnsttee in the UK. Page 4 .SHRI IiAM CHANDRA MI￿10￿ UK RF.PORT OF THF. ThVSTEES MR THF. YFAX F.NDFD 31 I>FCEMBF.R 2024 RF.￿.RENCE AND ADMINISTRATIVE DETAILS Rrytstemj Com￿nY •umber 6767140 (Etyknd •Thl W•lts) Hejbtsred Chirlty *¥mber 1121649 RLyknl¢rtd •fflee 27 Sullivan Ro*1 TortErid8C Th104DD Tn￿1¢ K DEvlin (TUi8Ded 41Ar2(ris} J Nelwn R J Pemttii P Srivuthva T R•thtyJ A T Culkn L M Gc41d¢s P Nat•y8Dswamy (appol￿ed 411Q025} Cothp••y Se¢r¢l*ry T RAthod Ir•dopeDdeul F.x•ml4or William Verndl Azets Audil Servi ritaniuo) I Kiti8'$ Ineh Phee Rthfrew GIL%8OW PA4 8WF SDlklton Edinbw8b EH3 8BP B••ke WCIB SHA Aroroved by OTdty of thc bovd oftrus*¢$ 4)n.... . .. And signed on Its behaifby.. T ￿thod. * ** INDEPEIYDENf EXAMINER'S REPORT TO THE TRUSTEES OF SHIU RAM CHANDRA MISSION UK IDdepethdent tx*miDer's report to the tru8ttts of Shri RAM Ch•ndrA MiuioD UK ('the CompxDy') re]xTrrt to the chwity trustees on my ¢xamination of the accounts of the Company for the ycar ended 31 Dec£mber 2024. Responslbilltles and ￿$1S ol r¢port As the charÈty's trustees of the Comparty land ￿$0 its dtr¢ctors for the purp)5es of ¢ompany lawl you ar¢ responsiblt for the preparation of the ¥counts in 8ccordaThce with the r¢quir¢m¢nt$ of the Cornpanies Ad 2(K16 Ilh¢ 2006 A¢t'). Having satisflcd mysclf that th¢ of the Company ar¢ Hot r¢quir¢d to ￿ audited Lmder Part 16 of thc 2006 A and are eligible for independeni examinalion, I report in respect of my ¢xamination of your charity'5 accounts as Carried out under Section 145 of the Chariti¢$ A¢1 2011 Ilhe 2011 Acty. In Carrying out my ¢xamination I have followed the Directions given by the Charity Commission under S¢rtton 145(51 (b) of the 2011 A¢t. Indepe￿dent ¢x*mintr's ststernent Sinre your ¢harity'S gross income exceeded £250,000 your examiner must be a member of a listed body. I can ¢onfJnn thot l am qualified to unden8ke the ¢xamtnatioTh because l am 8 member of the Institute of Chartered Ac¢ountonts of Scotland. which is one of the listed bodies. I have ¢ompld¢d my examination. I confinn that no matters have come to rny attentÈon in connc¢tion with th¢ examination giving me Cause io beli¢v¢'. accounting records were noi kepi in resp¢¢t of the Company as required by Section 386 of the 2006 Act., or the accounts do not accord with those records- or th¢ accounts do not eomply with the accounting r¢quirements of Section 396 of the 2006 Act other than any T¢quirement that th¢ account5 8ive a true and fair view which is TA>t a matt¢r consadered as part of an independeni examin&ion', or the accounts havc not been PTepar¢d in aceordance with the methods and principles of the Statement of Recommended Practice for a¢¢ounling and reporting by ¢hariti¢s {appli¢obl¢ to charitie5 preparitsg their accounts in accordance with the Financial Reporting Standard app]i￿ble in the UK and R¢publi¢ of Ireland (tRS 10211. have no concern5 and have corne acrtsss no other matters in connection with ihe examination to whi¢h att¢ntioTh should drawn Èn this report in order to enable a pK)per und¢rswidin8 of the attounts to be rea¢h¢d. William Vernall The Insiilute of Chartered A¢¢ounlat)ts of Scotland Azds Audit Services Chartered Ac¢ountant Titaniurn I King's Inch Place Renfrew Glasgow PA4 8WF Date.. 219125 Pa8e 6 SHRI RAM CHANDRA MISSION UK STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT> FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Totsl fvfids 2023 Tofal fijnds Unresmcted Restricted Not¢s INCOME AND ENDOWMEIYTS FROM Donations and le8a¢i¢s 111.689 111,689 65,796 Ch#rtt*ble Aetlvltles Prntcction and preseryaiion of publi¢ healrh 236.066 236,066 15,050 lrtvesmient income Tot81 350 494 EXPENDITURE ON Charitable actii'iti Prtheciion and preseTvation of public heahh 386,706 386.706 72,204 Total 27.712 103 665 NET INCOMEI{EXPEf*DITURE) 139,7971 127.7121 (67.5091 120,9881 RECONCILIATION OF FUNDS Total fi]nds brotsghi forward 434,521 1.034,215 1.468,736 1,489.724 TOTAL FUNDS CARRIED FORWARD 394 724 1006,503 1401.227 1468 736 The notes fomi pan of these fin￿rIal ststemenis P48e 7 .SHRI RAM CHAP4DRA MI&8ION VK BALANCF. SHEF.T 31 DFCF.MBF.R 2024 2W24 2023 FIXED A%sKrs Tkn8ibk 85scts 1.033212 1.061.910 CIJRRF.Nf A&SETS Si 12 13 51259 20.977 C45h in hmd ,851 412J97 CRF.DrroRS 14 (aW6) (S.S71) NET CURREKf A￿ETs LIABILMES lJ6&736 394,T24 434521 K¢5ti1￿¢d f￿lld5 31 l*cemb¢r 2024 in •ctudw with Sectim 476 ofthe Comp*)ies Aci 2fK {*) enswin8 that the th•r1￿ble kLy5 Te¢iYth tht ethwy with Se