Charity Registration No. 1133059
YOGA MISSION
STATEMENT OF ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2022
YOGA MISSION
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Mr Mark Ridley |
|---|---|
| Mr Matthew Thomas Jolley | |
| Mr Nicholas David Pople | |
| Ms Hazel Ann Lawrence | |
| Mr Luke Ridley | |
| Charity number | 1133059 |
| Principal address | 11 St Maur Road |
| London | |
| SW64DR | |
| Independent examiner | Knill James LLP |
| One Bell Lane | |
| Lewes | |
| East Sussex | |
| BN71JU | |
| Bankers | RBS |
| 62/63 Threadneedle Street | |
| London | |
| EC2R 8LA |
YOGA MISSION
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1-3 |
| Independent examiner's report | 4. |
| Receipts and payments account | 5 |
| Statement of assets and liabilities | 6 |
YOGA MISSION
TRUSTEES'REPORT
FOR THE YEAR ENDED 31 MARCH 2022
The Trustees present their report and accounts for the year ended 31 March 2022.
LEGAL AND ADMINISTRATIVE INFORMATION
The Charity was constituted by Trust deed dated 30 September 2008. The Charity registration number is 1133059.
OBJECTIVES FOR PUBLIC BENEFIT
The objects t>f th� Charity are:
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To advance religion according to Dharmic principles
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To advance education in accordance with Dharmic principles
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To relieve poverty and need
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To promote the preservation of health
The Yoga Mission ("the Charity") is a fundraising charity in the UK on behalf of the Chandramauli Trust, an Indian based charity (www.chandramauli.org). The Chandramauli Trust ("the Trust") runs a school for under privileged children in Varanasi, India. Currently the Trust educates c. 435 children with 210 (2021 - 200) children in nursery, kindergarten and year one to five, SO (2021 - SO) full time residential students and has 175 (2021- 175) children registered for an after-school club. The Trust also runs a sewing centre, teaching sewing skills to SO women (2021 -50).
It costs approximately £4,800 (2021 - £4,500) per calendar month to run the school, 70% of which is now funded by the Charity, which currently sends monthly donations of £3,500 (2021- £3,500) to the Trust.
Both the Charity and the Trust were set up by Lucy Guest, a UK national who runs the Chandramauli Trust in India on a day to day basis and also raises awareness and encourages donations to the Charity in the UK.
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities.
TRUSTEES ANO COMMITIEE MEMBERS
The Trustees and Committee members who served during the year were as follows:-
Mr Mark Ridley Mr Matthew Thomas Jolley Mr Nicholas David Pople Mr Hazel Ann Lawrence Mr Luke Ridley
There must be at least three Trustees. Every Trustee must be appointed by a resolution of the Trustees passed at a special meeting. In seeking individuals for appointment as Trustees, the Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the Charity.
None of the Trustees requested or received any remuneration for their services or any reimbursement for their expenses during the year ending 31 March 2022.
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YOGA MISSION
TRUSTEES'REPORT
FOR THE YEAR ENDED 31 MARCH 2022
ACHIEVEMENTSANE>'PERFORMANCE
Over the year, the Charity raised £76,952 in donations {2021: £90,851) and distributed £52,020 (2021: £42,000) to the Trust. These revenues came from a mixture of monthly donations, single donations/one off fundraising activities and gift aid receipts from HMRC.
The Charity made two significant additional one off donations during financial year in addition to the part funding of the running costs of the Trust School at Vananasi. One of these was for £18,270 to repay a loan made in 2018 for a deposit on land at the edge of Varanasi, where the Trust is looking to set up a larger and self-sustained home in the futun:!. The other, for £10,020 was a one off donation to the Trust for a new water supply,forone/e>ff?repairs[1] ahdre·paihting and to cover extra Covid related costs ofrnedicinesand food parcels for families. Despite these one off costs, the Charity's cash at the bank increased slightly from £100,604 to £106,297. In part, this is due to a delay in final registration of the FCRA Bank Account by the Indian Government which is preventing us from sending larger donations made to fund building work on the plot adjacent to the school to expand the number of available class rooms.
As at March 2022, the Trust is educating c 435 Children, with 210 in nursery and primary and 175 in evening school. There are a further 50 as full boarders with children aged 6-19. In addition, the Trust is continuing to run a sewing centre and is helping to improve the seamstress skills of 50 women. The Charity currently funds c 70% (70% in 2021) of the running cost of the school, with the balancing funds required raised in India. Covid continued to affect the running of the school for the first half of the year, with staff and residential pupils locked down in the school and day school children taught remotely with a mixture of distribution of worksheets and online. Approximately 20 families also received food donations from the Trust during this period. Despite the Covid interruptions, the school managed to add an additional Class 5, with the aim of adding a further Class 6 in the following year and achieving full government accreditation.
The Charity continues to keep the cost of running itself to a minimum, with total costs of £71,259 for the year -of which £744 relate to governance costs being accountant's fees for the yearly examination and the yearly statement of account, and raising funds costs totalling £225 for the Just Giving account. The Trustees continue to carry out alLthe administration of the Charity and the Trustees are not claiming for expenses, maximising funds available for distribution.
\ In terms ofgoyernanc�i 7'":iththe election ofLuke Ridley at the May 2020 Trustee meefil'lg, the number of Trustees back upto five and in line with the strategy set out in the 2019 report.
Looking forward
The Charity will continue to target increasing its monthly donations to fund the school in Varanasi to reflect the increasing number of pupils at the school. This will require us to increase our average monthly donation from £3,500 pcm to cover 70 of the 200 day school pupils not currently sponsored by donations to the Charity. The Charity also intends to use part of its accumulated surplus to provide capital funding for the start of building on the Trust owned plot adjacent to the school for expansion. The Trust also needs to raise money to complete the purchase of the plot of land at the edge of Varanasi over which they have paid a deposit and which is intended as a long term self-sufficient and sustainable home for the school.
The anticipated capital donation by the Charity to the Trust is being delayed until the final registration of the Trust's FCRA bank account. Although, the Trust received FCRA approval on the 24[th ] of November 2020, this final step has been delayed by Covid disruption and a subsequent corruption scandal at the FCRA. The latest estimated date for receiving final certification is May 2023. This will allow money to be sent to Trust as
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YOGA MISSION
TRUSTEES'REPORT
FOR THE YEAR ENDED 31 MARCH 2022
opposed to via Lucy Guest. It will help the Charity to put itself on a firmer long term footing and allow less reliance on the trus;, . ilt up via long personal association between the current Trustees and Lucy Guest. . '· ; ·�,I�� .(i��·��J ��·�·�h�it .of the Trustees) , A /�
. .. . . ?.I (?? ............. . /(.?
Date
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I
l i lndependenfexarri ner's statement
YOGA MISSION
INDEPENDENT EX.AMINE R'S REPORT
TO THE TRUSTEES OF YOGA MISSION
I report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2022 which are set out on pages 5 to 6.
Responsibilities and basis of report
As the Charity's Trustees you are responsible for the preparation of the accounts in accordance with the requirementsofthe Charities Act 2011 ('the Act').
I report in respect ofmy examination of the Charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under sectioriJ.45(5 , C )(b,),of . .thg[\ct. C-;/,.{:,�•_ "•'0• C:.-·-
I have completed my examination. I confirm that no material matters have come to my attention in connection withthe examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
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the accounts do not accord with those records.
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.
M A Filsell FCA Knill James LLP
Chartered Accountants One Bell Lane Lewes East Sussex BN71JU Dated ..<'o,V Ji,_ ajJ
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YOGA MISSION
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022
| Income from: Charitable activities Other income Total income Expenditure on: Raising funds Governance costs - Independent examination Charitable activities Loans repaid Total resources expended Net receipts for the year / Net movement in funds Cash at bank and in hand at 1 April 2021 Cash at bank and in hand at 31 March 2022 2022 £ 76,894 58 76,952 225 744 52,020 18,270 71,259 5,693 100,604 106,297 |
2021 £ 90,851 38 90,889 216 720 42,000 42,936 47,953 52,651 100,604 |
|---|---|
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YOGA Ml55lON
STATEMENT OF ASSETS AND LIABILITIES
AS AT 31 MARCH 2022
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2022 2021
£ £ £ £
Current assets
Cash at bank and in hand
106,297 100,604
Total assets 106,297 100,604
Creditors: arnoonts falling due
within one year 816
(For and on behalf of th�Trustees)
744
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