Charity Registration No. 1133059
YOGA MISSION
STATEMENT OF ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
: is * “
YOGA MISSION
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Mr Mark Keoki Ridley |
|---|---|
| Mr MatthewThomas Jolley | |
| Mr Nicholas David Pople | |
| Ms Hazel Ann Lawrence | |
| Mr William Luke Seton Ridley | |
| Charity number | 1133059 |
| Principal address | 11 St Maur Road |
| London | |
| SW6 4DR | |
| independent examiner | TC Group |
| One Bell Lane | |
| Lewes | |
| Cast Sussex | |
| BN7 1JU | |
| Bankers | RBS |
| 62/63 Threadneedle Street | |
| London | |
| EC2R8LA |
YOGA MISSION
CONTENTS
| Page | |
|---|---|
| Trustees’ report | 1-3 |
| Independent examiner's report | 4 |
| Receipts and payments account | 5 |
| Statementofassetsandliabilities | 6 |
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YOGA MISSION
TRUSTEES’ REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their report and accounts for the year ended 31 March 2025.
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 of the Charity are:
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e Toadvance religion according to Dharmic principles
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e Toadvance education in accordance with Dharmic principles
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Torelieve 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 International Chandramauli Charitable Trust (“the Trust”), an Indian based charity (www.chandramauli.org). The Trust runs a school for underprivileged children in Varanasi, India. Currently the Trust educates c. 490 children with 265 children in nursery, kindergarten and Year 1 to 9 (2024 — 210 to Year 7), 50 (2024 — 50) full time residential students and has 175 (2024 ~ 175) children registered for an after-school club. The Trust also runs a sewing centre, teaching sewing skills to 50 women (2024 -50).
It costs approximately £6,000 (2024 - £4,800) per calendar month to run the school, 75% of which is now funded by the Charity, which currently sends monthly donations of £4,500 (2024 — £4,500) 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 who 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 AND COMMITTEE MEMBERS
The Trustees and Committee members who served during the year were as follows:-
Mr Mark Keoki Ridley
Mr Matthew Thomas Jolley Mr Nicholas David Pople Ms Hazel Ann Lawrence
Mr William Luke Seton 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 2025.
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YOGA MISSION
FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES’ REPORT
ACHIEVEMENTS AND PERFORMANCE
Over the year, the Charity raised £125,988 in donations (2024: £74,830) and distributed £54,000 (2024: £67,000) 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 no significant additional one-off donations during financial year in addition to the part funding of the running costs of the Trust School at Varanasi. However, the Trustees agreed at the March 2025 trustee meeting to a one-off donation of £59,600 to fund various initiatives, including the construction of two additional floors at the school, anew computer lab and new backup power supply (paid in the 2025/2026 financial year). The Charity’s cash at the bank increased slightly from £179,233 to £253,062 to reflect the fundraising for these additional capital works.
As at March 2025, the Trust is educating c 490 Children, with 265 in nursery to Year 9 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 75% (90% in 2024) of the running cost of the school, with the balancing funds required raised in India.
The Trust has also expanded the education to an additional year 9 with formal state government accreditation to year 5. In line with the increasing number of years being taught and children at the school, the Trust has hired 3 new teachers as well as increasing monthly salaries to improve retention and teacher quality.
The Charity continues to keep the cost of running itself to a minimum, with total costs of £1,188 for the year — effectively £972 of accountant’s fees for the yearly examination and the yearly statement of account, and the balance being fees totalling £216 for the Just Giving account. The Trustees continue to carry out all the administration of the Charity and the Trustees are not claiming for expenses, maximising funds available for distribution.
In terms of governance, the number of Trustees is five and in line with the strategy set out in the 2019 report.
Looking forward
The Charity will continue to target covering the majority of the running costs of the school via its monthly donations, although these have held steady for the last couple of years as increasing costs have been covered by increasing donations to the Trust in India. With the 1* floor extension on the adjoining site having been completed, the Charity has provided funding for the next 2 floors including the fit out of a computer lab, paid for by a corporate donor. Once complete, these extensions will allow the school to run all classes concurrently and not in shifts, thereby providing increased teaching hours available to each pupil. 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 for the land outside Varanasi is being delayed until the final registration of the Trust’s FCRA bank account. This frustratingly continues to be delayed with complexity over particular FCRA requirements for the Trust’s structure. The Trust is looking at restructuring itself to allow FCRA registration. This will allow money to be sent to Trust as 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 trust built up via long personal association between the current Trustees and Lucy Guest.
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YOGA MISSION
TRUSTEES’ REPORT
FOR THE YEAR ENDED 31 MARCH 2025
M Ridley (For and on behalf of the Trustees)
Date
YOGA MISSION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF YOGA MISSION
| report to the trustees on my examination of the financial statements of Yoga Mission (the charity) for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the charitable trust, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 act).
! report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
| have completed my examination. | confirm that no matters have come to my attention in connection with the 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 2011 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give and true and fair view which is not a mater considered as part of an independent examination.
| have no concerns and have come across no other matters in connection with the examination to which atréntion sth}outd be drawn in this report in order to enable a proper understanding of[the][ financial][statements] o be reach¢
OnN RAWSONbehalf of FCA TC Group DATED: 2b apY J lo
One Bell Lane Lewes East Sussex BN7 1JU
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YOGA MISSION
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Income from: | ||
| Charitable activities | 125,988 | 74,830 |
| Other income | 3,029 | 2,405 |
| Total income | 129,017 | 77,235 |
| Expenditure on: | ||
| Raising funds | 216 | 216 |
| Governance costs~ Independent examination | 972 | 900 |
| Charitable activities | 54,000 | 67,000 |
| Bank fees | - | 24 |
| Total resources expended | 55,188 | 68,140 |
| Net receipts forthe year / | ||
| Netmovement in funds | 73,828 | 9,095 |
| Cash at bank and in hand at 1 April 2024 | 179,233 | 470,138 |
| Cashatbankandinhandat31March2025 | 253,062 | 179,233 |
YOGA MISSION
STATEMENT OF ASSETS AND LIABILITIES
AS AT 31 MARCH 2025
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2025 2024
£ £ £ £
Current assets
Cash at bank and in hand 253,062 179,233
Total assets 253,062 179,233
Creditors: amounts falling due due
within one year 1,050 972
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Total assets
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Creditors: amounts falling due due within one year
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eeniy,Fi
M Jolley - Honcules feTreasurerle ra
(For and on behalf of the Trustees)
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