Charity Re8i5tratlon No. 1133059 YOGA M15510N STATEMENT OF ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 YOGA MISSION LEGAL AND ADMINISTRAMVE INFORMATION TNstccs Mr Mark Kèoki Ridlev Mr MatthewThomas Jolley Mr Nicholas David Pople Ms Hazel Ann Lawren Mr William Luke Seton Ridley Charity number 1133059 Principal addr 11 St Maur Road London SW6 4DR Independent examiner TC Group One Bell Lane Lewes East Sussex BN7 IJU Banker5 RBS 62163 Threadneedle Street London EC2R 8LI YOGA MISSION CONTENTS Page Trustees. report IridependErtt examlner'5 report Receipts and payments account Statement of assets and liabilities YOGA MISSION TRUSTEES, REPORT FOR 7HE YEAR ENDED31 MARCH 2024 The TTUStees present their report and accounts forthp year 41 Marth 2024. LEGAL AND ADMINISTRATIVE INFORMATION The Charity was constituted by Trust deed dated 30 September 2LKJ8. The Lhartty regisrration number Is 1133059. oBJE￿IVEs FOR PUBUC BENEFtt The objerts of the CharFty are: To advanco relb8ion accordineto nhArmir. princÈplÈs To advanrp pdur.ation in accordance with Dharmit orinciples To relieve povertv and need To promote the Preservation of heatth The Yoga Mission 1.the Charirfl is a fundraising charity in the UK on behalf of the IntematK>nal Chandramauli Charitable Trusr I'the Tru5WI, an Indian based charity Iwww.chandramauli.orgl. The Trust runs a School for ursder- privileged children tn Varanasi. India. Currently the Trust educates c. 435 children wtth 21012023- 2101 children nursery. kindergarten and year one to seven. S012023- 501 full time residentsal students and ha5 17512023- 1751 children tegi5tefed fgr an after-school club. The Trust also runs a sewing centre, teaching sewing skills to 50 womet) 12023 -501. It costs approximately £4.80012023 - £4.8(M)I per calendar rn￿th to run the school, 91￿ of which 15 now funded by the Charity, which currently sends monthly donations o* £4.5￿12023- £3,5(Xll to the Trust. Both the Charity and the Trust werè set up by Lury Guest. a UK national who runs the Chandramauli Trust in India on a day-to-day basis and a15E) rasses awareness and encourages donationstothe Charsty in the UK. The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on PLtblic benefit when reviewin8the Charity's aims and objertÉves and In planning future activities. TRUSTEES AND COMMrrtEE MEMBERS The TrL¢Stees and Committee ￿em￿r5 who served during the year were as follows=_ Mr Mark Keoki Ridley Mr MatthewThomasJolley Mr Nicholas Dav%d Pople Mr Hazel Ann Lawrence Mr William Luke Seton Ridley There must be at least threeTnJstees. EveryTrustee must ￿ appointed ￿ a resolution of the Trustees passed at a special meeting. In seekir*g individuals for appointment as Trustee5, the Trustees must have regard to the skills, knowledge and experience needed forthe effective administration of the Charity- None of the Trustees requested or receNed any remuneration for their services or afiy ￿1MbUrsernent for thelr expenses during the year ending 31 March 2024. YOGA MISSION TRUSTEES, REPORT FOR Thic YEAR ENDED31 MAftCHZ024 ACHIEVEMENTS AND PERFORAnANCE (￿er the year. the Charity raised £74.830 irF donations12022: f1 ?9 4191 and distribLrted £67,(KJO12023.. £G?,0201 to the Trust. These revenues came from a mixture of monthly donations. sinelg &)n3tions/one off ftindraising activitie5 and gift aid receipts from HMRC. The Charty made one strgnificant one-off donation during the financial year in addition to the part funding of the running c05ts of tli¥ TILf5t school aT varanasi. I his was tor £18,020 to help fund the cost of the construction of 3 ew classrooms on the first floor on tli¥ iiew 51te adjacent to rhe original schcL)l. Despite this one-off cost, the Charity's cash at the bank increased slishtly from £170.138 Lv £179.233. A5 at March 2024. the Trust is Èduratine t435 Childron, with 210 in nurseryand prtmaryand 175 iii evenlng school. There are a further 50 as full boarders with children agprt fi_14 In addition. the Trust i= continuing to run & 5ewiTr)x centre and is helpingto improve the 5eamstres5 Skills of 50women. The Charity r.*Jrrpntly funds c 9￿170% in 20231 of the running cost of the schcnl, with the balancing funds required raised in India. The new spar.p in the adjacent site has provided additional capacity to increase schwl hours from 5 to 7. improving education and Eetting the children more used to a full school day. The Trust has also expanded the education to an additional year 8 and formal state govern¥nent aCc￿d[tatIon yeafs 6 to 8 has been made. The Charity continues to keep the cost of rvnning ttself tD a rninlmum, with total costs of £1,116 for the year- effÈrtively £900 of accountant'> fe&s for the yearly examination and the yearly 5ratement of aCCOL*nt. and the .b3lancÈ being fe@5 totslling £216 for tle Just Givirtg account. The Trustees continue to carry our all the_ adn7illiStration of the Charity and the Trustees are not claimtng for expènses, maximising funds available for distrlbution. In terms of governan￿. the r¢umber of Trustees is five and in line with the strategy set out in the 2019 report. Lookin6 forward The Charity will continue to tsrget increasing its monthly donations to fund the school in Varanasi to reflect the increasing runnine costs caused bythe Èeneral tOSt of INing increases andthe higher c05t of teacher salaries forthe older years that comes with government accreditstion. This will require us to Èncrease our average monthlv donation from £4,5￿ pcm lincreased to £5.(K)O pcm as at June 20241. The Charsty also tntends to Ltse part of its accumuloted surplus to provide capitsl funding for continuing the building on the new stte. The frr5t floor is nearit7g completion and planning has been received for the second floor extension at an ettimated cost of £20.000. It is intended that the newfloor will have a computer lab, forwhich *unding has been identrfied from a corporate donor. TheTrust also needs to r3ise moneyto complete the purchase of the plot of land at the edge of Varanasi over which they have paid B deposit. and which is intended as a long term self-sufficient and sustaÈnable horne for the school. The anticipated capttal dor¢ation by the Charity to the Trust forthe land outside Varanasi is being delayed until the fina5 ￿el$tratIon of the Trust's FCRA bank account. This frustratTrngly continues io be delayed with comptexity over particular FCRA requirements for the Trusys structure. The Trust is looking at restrurttsring itself to allow FCRA registration. ThFS will allow money to be sent to the Trurt as oprx)sed to via Lucy Guest. It will help the Charsty to put itself on a firmer long-term footing and allow less reliance on the trust txjilt up ¥ia long personal association between the current Trustees and lucy Guest. YOGA MISSION TRUSTEES, REPORT FOR 7HE YEAR EPIDED 31 MARCH 2024 M Ridley (For and on behalf of the Trustees) 131.212f......... Date YOGA MISSION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YOGA MISSION I report to the trustees on my examtnation of the financial statements of Yoga Mission {the charity) for the year ended 31 March 2024. ResponslbllltiesaTrd basis of Teport As the trustees of the charitable trust YOLF are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 act). I report in respect of my examination of the charit￿5 financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have foll¢)wed all the applicable Directions given by the Charity Commission Ltnder sertion 14515llbl of the 2011 Act. Independent examiner's statemetrt I have completed my examination. I confim that no matters have come ro my attention an connecti¢M with the èxamination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act.. or 2. the financial statements do not accord with those records- or 3. the financial statements do not comply with the applicable requirements concernin8 the form and £ontent Df accounts se: out in the Charities IAcco-JYts and Reports) RegL4lations 2(M)8 other than any requirement that the accounts gt¥e and true and fair view which is not a mater considered a5 part of an independent examination. I have no concerns and have come across no other matters in tonnection with the examination to which attention should be drawn In this reportin order to enable a proper understanding of the finanoal statements to be reached. N RAWSON FCA On behalf of TC Group DAIED: 210w. )U One Bell Lane Lewes East Sussex BN7 IIU YOGA MISSION RECEIPT5 AND PAYMEp¥fs Accour FOR THE YEAR INDfD 31 MARCH 2024 2024 2023 Incom fr Charitable act￿ltIeS Other income 74,830 2.4n5 129,419 474 Total income 77,235 129,893 enditure on- Raising funds Governantt ¢o3t5- Indepeiideiil exdFnlnaiion Charitable activities Bank fccs 216 900 67,000 24 216 816 65,020 Total resources expended 68.140 66.052 Net receipts forthe year I Net movement in funds 9.095 63.841 Cash at bank and in nand 3t l April 2023 170.138 . 106,297 Cash at bank and in hand at 31 Marth 2024 179.233 170.138 YOGA MISSION STATEMENT OF A55Efs AND UABILtnES Af32 MARCH2024 2014 2023 Current assets Cash at bank and in hand 179.233 170.138 Total assets 179.233 170.138 Creditors: amounts fall{￿ duE within on¢ year 972 900 MJdley- Hon (For and on behalf of the Twsteesl