REGISTERED CHARifY NUMBER: 1140041 R•port of th• Tru8t••s and Fln•nclal Stat•m•nts for th• Yo•r End•d 31 Da¢•mb•r 2024 SCIENCE OF THE SOUL- BRMSH ISLES Jassal and Ccrfnpany Chwtered Ac¢ountsnls and Registered Au¢thtors Unil 2 H8therton Court 21 H8therton Street Walsall Wesl Ml?J$ WS4 2LA
SCIENCE OF THE SOUL- BRITISH ISLES Contents of the Financial Ststèments for the Year Ended 31 oaMber 2024 Roport of th• Truste•• 1 to 5 R•port olthe Ind•pond•nt Audltorn 6 to 8 Stat•m•nt of Flnancial Actlvttl•s Bal•$ Sh••1 10 Ca•h Flow Ststem•nt 11 Notos to th• Ca•h Flow St*t•m•nt 12 Notes to th• FSn•ncl•l Statsm•nts 13 to 16
SCIENCE OF THE SOUL- BRITISH ISLES Report of the Trustees for the Year End 31 Dec•mb8r 2024 The tnJstees present thwr report %wlh Ihe ffinancTral statements of charity for the year ended 31 December 2024. The trustees have adopted the prowsions of Accounting and RefX)rting by Charities.. Slalement of Recommended Practice applicable lo cha11tS prepariNJ thar acu•unts in accordance with the Financial Reporting Standard appltsble in the UK and Republic of IrelaThJ IFRS 1021 leffeclive 1 January 20191. OBJECTIVES AND ACTMTJES Oblectiv•s and alm$ The objectives and aims of the Charity arg 118tsded in the Trust Deed a1 indudè the ftAlowing.' l. The main objective of the Chaiity is to wowde opportunths for anyfMe vkn) w5hes to krw 8boul the philosophy of Sant Mal as tsught by the Sant Sal Gunjs of Dera Baba Jaimal &ngh. 8eas. Punjab, India. The Charity arranges programmes of meeb.ngs at sui18ble IrtaIS %there discourses are given by approved speakers and arranges the availatylity of subsidised literatu abcAJt Ihe philosophy of Sanl Mat foi anyone is interested in readiro about the tenets 8TrJ bathground of the leachir¥J$ ol Sanl M81. 2. The philosophy of Sant Mat promotes the ImpnCe of ihe common shared values of all roligions notithSndlng their cultural, regional or na110n dis¢5 lef to mulual w+der5tanding and respect befv all faiths and re1lOnS. 3. The Charity aims lo promole theth?9. mulual wKlerstandiThJ. w¥J resFect beiween poople of dsfferenl faiths by sludw'ng the re vaues ar n¢95 of their dknl faiths. 4. The Chartty also effilributes kn time lo timè lo the relief of need and suffering among wctim5 of nalural oi other kinds of disaster in the lonn of money other means deem&J 5Uitatlg1 for petsons. bodles. or9anisations andl¢y countries affected, indudin9 Ihe pThision of medul aid. Publlc b•n•fft The trustees are aware ol Ihe Ch8rity Commiswi's gurfjance on benofit reWrrj as set out in Section 17 of the Charities Act 2011. The trustees beIve that Iheir ObltiveS and actsmknes of womob'ng the SF4ritug1 and thancemenl of humanity are for the general benefii wblic. Ar•a of b•n¢fft The Charty's definèd areg of benefft, as ouuined in the sUWemtal Twsl Deed m8de on 23 July 2011 is the 8rTrtish Isles and memkr states of the European Unv)n. ACHIEVEMENT AND PERFORMANCE Charlt•blo activities During the year the Board of Twsle8s conbnu&J Vilh the chari&e t•treS of Ihg Charity in anti¢ip8b'on of receiving further donatieS in Ihe forthcc¥nirrfJ year.The Charity received a donabon from 8 twuesl during the year. The Charity made dorli0S lo otsr charib.es wilh similar Charitab obj'ectsves. Fundrablng activltie In line wth it5 policy Ihe Charity did rKl Lndertake any fomial frJrKIralrWj acIltse$ in year. AJI fuThYs received were voluntary dOrtiOnS given by the al ihwr disctsitcffi. Page 1
SCIENCE OF THE SOUL- BRITISH ISLES R¥port of the Trustees for the Year Ended 31 December 2024 ACHIEVEMENT AND PERFORMANCE Environmental Policy The trustees remain lulty committed lo a practical and coslffeth"ve approa¢h lo safeguarding the environment. Priority is given to conserve and make efficjent use of energy. stats"onery and other sup18$ and the recycling of waste. Health & S•fW Poll¢y 11 is the Charty's KK)Itcy to Kffwde adequate C01 of the he81th safety risks from its activities. lo consult wth all involve(l on heatlh and safety matters. to provth infomation iTrJudiry suilabje trainin9 and lo maintain safe and healthy WO9 cond11n5. Inwstm•nt Polky The ¢ruslees, bilhin the powaTS granted ty the Trust t)e8d, invest any suwus funds It may hold frryn limo to time lo athieve favourable financAal retums vknile minimisjro the level of risk. FINANCIAL REVIEW Prln¢lpal fundin9 SOWC•S The income generated from volunl8ry donalicn5 was £550.(W 12023: £4.5941. Inveslmgrt Inccme represented bank interest recewed in the year (rf £1.13612023." £151. The resources expended on chantable ltieS were £Nil12023.. £141. The Charty m•J• dona¢K$ £S50,lMTh1{2o23.. £23.8441. exce88 of irKome over expendrture was £1,13612023.. £19.249 exce88 eXprturo over inco1. Accumulolfrj general funds werè £1,1&S12023'. £Ndl. There re minimal fin8ndal transadions in the yeof Ihè ITUStees fjXPgcI to recwve donations in the forthwning year. R•$orrf•• pollcy The Iruslees had organised the actimties of the carity lo be transferred lo the charitable incorporated organisatson. The donation rerAved by the Charity was transferred to thg charitstje ifft)rpor8ted organis81ion and another charity similar obieclNes. Tr Iruslees ¥MII continue to receive donations in forthcoming years and consider the reserwes aFpropriate lor Ihe Chwity's (yJrrent activities. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng docum•nt The tharity is Control by its govemirvJ thoJment, a deed of trust and constitutes an unlno)rporaled carity. The Charity is governed ty its Trust L)eed dated 8 January 2011 as amended by deed on 23 Juty 2011. The Charity was registered wilh Charity C(Mnmission for Eryland aTrJ Wales (m 2S January 2011. Page 2
SCIENCE OF THE SOUL- BRITISH ISLES Report of th• Trust¢¢s for the Y8ar End•d 31 Oxemr 2024 STRUCTURE, GOVERNANCE AhlD MANAGEMENT Rocruftm¢nt and appointment of new tntstees The goveming document sets Ihe eslablishmenl of the Boar¢1 of Trustees consisting ol a minimum of fwe trustees. The Spiritual Representabves of the Patron a ex-officio trustees of the Board and the Chairperson are 8PFK)inle(J for 8 term of Ihree years renevrable from time to ts.me subject lo resolution of the Board ol Trustees. Trustees hold office for a tem) of three yeais by resc4ution of the Board of Trustees. Al the end of their first lenn trustees may be reappointed for a further term of no more than three Yea by resdution of the Boaid of Tfustees. Thereafter, truslees, other than Ihe Chairp8ison. vtho have served for consecutive terms shall not be èligible for reappointment untrl ts exlxry of al least three years. Trustees are appot'nled by the Board of Trustees. CandKlales arè wcp05ed ty members of the Board from among variou5 office holders ¥Mthin Ihe "sangal" Icongregationl have Seed the sangal for some limè. Selection is then confimed by the Irustees at a gera1 meeb'ng of Ihe Board of TnJstees nonnally during the Ihird quarter ol the year bèfore vac4n¢ies octhr. Organisatlonal structur• Al the request of at least Ihree trustees, 8 meeting of Ihe Board of Twslees is held. All dedsions are based on the majority ol the tnjstees attenth'rvJ and voting. The quorum for the Iwstees is three this can be reduced lo if the Chairman is present. The Board of Tnjstses mèets every trhv months to de ¥th the operation81 and financ1 deVelOents of the Charity. The Board of TnJst8es h8s est8t4ish&J a Hanning C¢Jnmiltee (PCI ¥thich comprises five members. The Planning Committee is reswnsit4e lor the plannin9. Organin9 and wJminislration of the nati81 meetings. 01 Haynes Park at which discourses on the philosophy of Sant Mal are given. The PC is algo responsible for proposing strategic initiabves sh as %multsnetyJs tran51abon at these meetings and has Ihe delegats authority for carryiThJ ¢wt suth FWOSOIS ¢yKe Ihey have been budgeled and approved by the Board of Trustees. The Board of TNslees has established a Health and Safety departsnenl IH&SI reporting to the Board of Trustees ¥A8 the H8nning Committee. H&S 15 respon&tde for ensurirKJ that all the requirements for a healthy and safe onwronment is maintalned vtherever the Charity wies its xtiwties. The Board ol TnJstees has established o Finwo81 M8n8gement Group IFMGI ¥thich comprises tnJ5tee supported by 8 team of volunteers financial qu81rfulion and expenence. The FMG reports lo the Board of Trustees and is responsible for rnanaging Ihe finan(i818ff8irs ol the Charity, lo ensure that expenditures are kept wlhin budget and to enSle Ihere is an 8ffective system of inlemal contrd in place lo prevent and detect fraud or any other irregularibes rf they were to C#xur. The FMG is responsible for ke8pirKJ proper accounting records and wepares wu18r stslemenls about Ihe financial p)srbon of the Charity lo the Board of Trustees and to stalul¢xy authontbes whenevw required. The Board of Tnjstees has established an IT depathlent. reporting to Ihe PC, vthith Is SponSible for maintsining Tobust and effecbve InfoatiOn Systems on beh8ff of the Charity. All of the Chafity's work and SUPFX)rt is carried tyJt by vduntews and no remunèrab'on is paid. A number of key vdunteers re$Kle at the Charity's prcperties and recewe free Tr)da¢. Induction and training of new InMt•es New trustees undergo an 0rienlat day to brief them Ixt their legal )Iat)ns, the content of the Trust Deed, the decision makirYJ pr$s, the finarrial performar¢ of the Chartty, Ihe rn1 developments and the ftjture plans. During the orientsth.on day ihe new trustees receive the Trustees, Resource Manual which contains infom)atK)n on fv Charty's p)li(ies and wocEdures and meet olhe¥ trustee5 and key volunteers. Tnjstees are encouraged to attend extemd training events relevant to developirYJ their skills and to gain experienc* relevant lo the rdes arKI responsibilities. Page 3
SCIENCE OF THE SOUL- BRMSH ISLES Report of the Trustees for thè Year Ended 31 December 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Related parties The Charity does not own any prrwty and ¢wpies proFrties leased fr(xn other Charities similar objects to its own. The Charity donated a gJm of £50.CW to Saence of the Soul Brib'sh Isles. the charitable incorw)rated organisation lo %thich its operations had been transferred. Rlsk manag•m•nt The Board of Trustees have given c4)nswJerab"cx) to the majtr risks to vthith the Chanty is exposed and satisfied themselves that systsms p1re$ a estsblished in cder lo manage th)se risks. The Board of Tnjstees a¢knOedge their fesp)nwtylity to manage risk associated with the Charrty's aclivibes and during the year have considered the major risks that may have a Iobable or highly probable likelihood of occurrin9. The areas of considerattcn Iuded govemarKe, operations, finan¢e$, enwronmen181 or exl8mal 18¢t$ and the Chanty'8 t)1 wrth regulalK. The Board ol Trustees idenbfy risk using Vari$ proces5è5 irK4uding risk assessments thal have been used to conducl Health and Safety views, inlemal tffitrds such as Ihe Inlemal Audit lunction that is us¢d lo identify financial and operational risk and conducling revivws of 18$ and procedures by specialist volunteers lo identify cOmplnce risk. The 8oard of Trustees consdered Ihe impact of the risks aslated in areas on the ffinanryal perfom)ance and position ol the Charity. All ol the new and existing risks Ihal have been identified and assesseé using ils processes have 8ssoci*ted risk management aS that have been dest9d lo minimise the occuenCe of any impact. The Board ol Trustees has implemenled syslgms arKI rogular awareness training lo manage Ihose risks. REFERENCE ANO ADMINISThATIVE DEfAILS R•glSt•rnd Charlty numb•r 1140041 Prlnclpal addr•8S Haynes Park Church End Haynes Be(Jford Bedlordshlre MK45 3BL Tru8t••8 Mr Roger French OBE DL 08E DL (ChairpeonI Mr Joga A1 Mrs Sarbjil Ghoman Mr William Hanison Mr Douglas Cameron Mr Sukhbir Farar Audltors Jassal and Comp8ny Chartered Accountants and Registere6 Audito Unit 2 Hatherton Court 21 Halherton Street Walsall Wesl Mwjlands WS4 2LA Page 4
SCIENCE OF THE SOUL- BRMSH ISLES Report of the Trustees for the Year End 31 D•c•mber 2024 REFERENCE AND ADMINISTRATIVE DETAILS Solicitors CL Law solicAt5 138 The Crossways Hounslow Middlesex TW5 OJR Bankers National Weslminster Bank Fk Aldgale Branch PO Box 10863 130 Whitechapel High Street London E17PY STATEMENT OF TRUSTEES. RESPONSIBILMES The trustees are responsi for Pfeparing the Re(K)rt ol the Trusteès and the financ4al slalemenls in accordance with applicable law Unrted 'ngdoM Accounts'rKJ Stsndards (United Kingdom Generally Accepted Aecounling Practice). The law aPFAic8ble lo charlts in ErKJland and Wal&s. the Charthes Acl 2011, Charty (Accounts and Reports) Regulab'ons 2008 8nd the wovisions ol the trust deed requires ihe InJstges lo prepare financial statements lor each fin8noal year %thich give 8 true and fair view of the state of affairs of the charity and of Ihe incoming resources and applicatKin of resources, includiNJ the irthmts ar expendiiure, ol Ihe charity for Ihal period. In preparing those finanoal stslements. the trustees are rnquired to seled suitable acLounling F¥Jlioes and then opply them ¢sIstent., observe the methods and prinuples in the Charity SORP,. make judgements and estsmales th81 are reasonable and prudent: stsle whether applicable accounts"rKJ starhjards ha¥p ljtsn ftAk)N%ed. subiett lo ony materi81 departures disclosed and explained in the finanaal st81ernents,' prepare the finanaal stalements on the goiNJ eoncem basis unth5 it ts Inap[pri8tQ to presume Ihal the ¢harity wll nbnO in business. Iruslees a responsible for keepirKJ proper accounlsng rec1$ whKh dlsdose wlh reasonable accuracy al any th'me the financ181 posit of the chanty and to enable Ihwn to ensure th81 the finanoal stalemenls comply with the Charities Act 2011. Ihe Charity IAcccyJnls and Reports) Regulations 2008 8nd the provis¢ons of the trusl deed. They a also spon&e for safeguardir¥J the assets of the charity and hence for tsking reasonable steps for the preventsw and detecti of lrydud an¢J other irregularib"es. 4 i LE ni ..abo.¥..... signed on its behalf by.. Approved by order of the trd of trusgs on .. .... Mr Roger French OBE DL- Trusteg Page S
Rem of the Indepondènt Auditots to the Tntstees of S¢rence of the Soul - British l$ks Opinion We have 8vdited the financial statements of &ience of the &yJl - 8n"b"sh Isles Its tharity'l for the year ended 31 December 2024 which comprise the Statement of Finanoal Actiwb"es. the Balance Sheet, the Cash Flow Statement and rK)les lo the finanaal statements, IlU{r¥3 a summary of significant accounts'ng polioes. The financial reporting framework that has been applied in their weparation is applicable law and United Kingdom Accounting Stsndards (United lQngdom Generaty Accepted ACnting Prac}. In our opinion the finanaal statements.. give a true and fair view of the stste of the charitys affairs as al 31 December 2024 and of its incoming resources and application ol resources. lor Ihe ye8r then erKled.' have been property prepared in coranCe th United lQ"ngdoffl Generally Accepted Accounts"ng Practice., and have been prepared in acCordare with the requirements of fv ajareS Act 2011. Basis for op5nion We condLtcled our audil in YanCe with Inlemalional S&TrJ¥ds on Auditing IUKI IISAS IUKI) and appjicable law. Oui respon&'kn"lities under trse standards are lurther dribed in the Audilors. fesponsilylibes for the audit of the finawal stslements se¢tth of our report. We are independent of the charity in accordance with Ihe ethical requirements that are rdevanl to our audit of Ihe financial statemen15 in Ihe UK. induding the FRC'S Ethical Slandard. and we have luffi1 our other ethical responsibilities in accordance wlh these requirements. We believe that the a.1 ewderts we have obtained is suffioenl and appropriale to Pro?de a basis for our opinion. ConcluskM r•l•tlng to golng ¢on¢•m In auditing the financial statements. have condLKled that the I518¢$. use of the going concern basis ol accounting in the preparation of Ihe financi81 stslements is approwate. Based on Ihe work we have performed, have rKJl identified any m8teri81 uncwtainties relating to events or ndibons that, individually or colleth"vely. may casl 9ncan1 doubl on the charity's ability to wtinue as going n¢0M lof a period of 81 least Ve months frryn the fingnc#al stalemenls #re 8uihorised for issue. r responsilxlilies and the retI.11ty8s of the trustees with respect to png ccern described in thè relev8nl sections ol this report. Oth•r Informatlon The tnjstees are responsit4e for Ihe Olher informatk)n. olher information cmprises the inforniation induded in the Annual ReFort. other Ihan the financi81 statements Report ol the Independent Auditors thereon. Our w'nion rA) the finarrial statements lyc not Cowr the oltr informthn d. except to the extent olherwse explith stated in our rewt, V• do express of assurwce condusion thereon. In connection wilh our audit of the financial stslements. our resF¥)ngtlity is lo read the other information and. in doing so, consider whether Ihe ofvr inlfmalion is materially inconsistent th Ihe financial slalements or our kno%edge obtained in the 8uth'l or olhew.se apwrs to be materially misslaled. If we identify such material inconsistencies or apparent material misslalements. we are required to detemiine whether this gives rise to a material misslalemenl in the finala1 statements themsefves. 11. based on the vKsrk we have performed, we conclude th81 there is a matwial miss&eMent of this other inform81itin, we are required to report that lact. We have nothirKJ lo TeKxxt in thi5 Te9ard. M4tt•rs on which wo are requir•d to ieport by eXPtIOn We have nothing to report in respecl ol Ihe folh)wng matters vhwe the Ch8n"ties {A(ts and Reports) Regulations 2008 qUI$ us lo rew)rt lo you il, in our opinion.. the information given in the Report of the Trustees is inc0Stent in any matwial respect wlh the finanaal stalemenis.. or suffiaent accounting recuds have not tMn kept.. L¥ the financi81 st8temen15 are nol in agre&menl th the aunting records arKI reiums.. or we have not 1Ve all the information arxl explanalions requi ts our au(lit. Page 6
Report of the Independent AtltorS to th• Trustms of Scign¢e of the Soul - Brithsh Isles Responsibilities of tnt•8$ As explained MO fully in the Statement of Tnjstees. Respon&tiililies. Ihe trustees are sponble for the preparation of the finanaal stslemenls whith give a true and fair Mew, and for such intemal control as the trustees determine is necessary lo enable the wepara1n of fin8rio81 stslements thal are tree from materi81 misstslement, %thether due to fraud or error. In preparing the finanryal statements. the trustees are resw)ngt4e for asse5sirKJ the charitys ability lo continue as a going concern, disdosing, as aPicable. matters related to going concem arKI using the gn9 concem ba$ of accounb.ng unless Ihe trustees either inleThJ to liquidate the charity or lo eea5e operations. or have no realis'c amemalive t¥Jt to do so. Our r•sponslblllt5•8 for the audlt of th• financlal statm•nts We have been appointed as audrtors un¢Jef secti 144 01 the Charities Act 2011 and rewi in accordance with the Act and relevant regulations male 01 hamng effect Ihender. Our objectives are to obtain Teas0rb1fj assure? at¥xrt vkthr the financial statements as a are fr88 from material misstalefflent. vtheihef due to fraud or effor, and lo ISS a Report of the Independent Auditors thal includes our cpinion. Reasonatde assurance is a high thl of assurance. is not a guarantee that an audit widvcted in accord8nL with ISA5 IUKI %MII afrways detect a material misstslemenl when il exist5. Misstalements can arise from fraud or error and 8re considered matenal it, iThJiMdually or in the aggregate, they could reasonabty b8 expected lo influence Ihe economic deu'sons of users taken the basis of these financial ststoments. - We enquired of managemgnL inclLKled ci)tsinir¥J and rewth¥irKJ $pOrting &xumentation nCernIng the Charity's Foliaes and procedwes relatir#J lo.. Identifying, evaluating arKI cLImy1ng wilh and regula1n$ ond bthether they were aware of any instances of non-complwKe. b. Detecting and resporKling to the rlsks of fraud and vhther Ihey haN knedge or any aclLIg1. suskxcted or alleged fraud. - We obl8ined an undetstsndww of Ihe al and Tegulalory framthth Ih81 the Charity oper81es in, ktU55ing on those laws and regu181ions that have a material effect on the finano81 stslemenls or th81 had fundomental effect on the operab.ons of Ihe Charity trom our profeSon91 aTrJ sector experience. - We rewewed the financial stslemenl dISure$ 8fKI tested these to SLpporb'ng thumenlatron 10 8ssess compliance with appliCae laws ond regulabons. - We perfomed lnalylical procedures to idenbfy unusuol (Y unexpethd retat)nships trbat may indicato rlsks of material misstatement due fraL*J. - In addressing the risk of fraud thmugh management ovemdè of controF. we lesled the apwopri81eness of joumal entries and othfjr adjustrnents m&le in fv financial ststements. Because of the inherent limitabons of on aLKliI. Ihere is o risk that we will not detect all irregulaiities, induding those leading lo material misstatement in the financial slatements or non-compliance with regulations. This risk increases Ihe more the more that compliance wih law or regulation is removed fr¢yn the events arKI transactrons refiecled in the financial slalemenls. a5 V•E will be less likely to become aware of Ihe instsnces of rn.CompliarKe. The risk is also greater regaiding irregularib.es cwJrring due to fraud rather than error, as fraud invdves intenti¢)nal ¢oncealmenL fwry, cdlug¢M. Om1C or misrepresentation. A further description of reswThsibblibes for Ihe aU[t of the finaroal slalwnwls is Ited on Ihe FinancAal Reporting Council's website al vMW.frc.ory.aUdItorsrespDnsitlIltie$. This description loms part of ¢)ur Report of Ihe Independent Auditor5. Page 7
Report of the Indepondent Auditors to t Trustee5 of Scienc8 of the Soul - British Isl¢s Use ofour report Thi5 report is made solely to Ihe charity's Injstees. as a iy)dy. in COrdanCe th Part 4 of the Charits'es (Accounts and Reports) Reg4Jlations 2008. Our audr( work has been undertaken so that we might stsle lo the charity's Iruslees those Matte we are required to state lo them in an auditors. report and lor no other purpose. To the fvllesl extent permitted by law. we do not accept ot assume responsbility to anyone other than the tharity and the charitys tru51ees as a b)(ty. for c¥Jr w*"t work, for this report, C for th8 opinions we have lomie(l. Jassal and Company Chartered Accounlan15 and Registered Auditors Unil 2 Hatherton Court 21 H81herton Slreet Walsall Wesl Midlands WS4 2LA Dale: .. Page 8
SCIENCE OF THE SOUL- BRITISH ISLES ststomènt of Financial A¢ti¥ities for tho Yaar End•d 31 D•¢•mbw 2024 2024 Unrestr+cled fvnd 2023 Total lunds Notes INCOME AND ENDOWMEtr¥fs FROM Donats'ons and legacies 550,( 4,594 Investment income 1,136 15 Totsl 551.136 4.eA)9 EXPENDITURE ON Charbtable activiti•s CharilatAe dwaty.S 23,844 14 Total 550,C 23,858 NET INCOMEI{EXPENDITURE) 1.136 (19,2491 RECONCILIATION OF FUNDS Total funds brought foard 19.249 TOTAL FUNDS CARRIED FOI4Y4ARO 1.136 notes f part of these fin8jaI 5tstements Page 9
SCIENCE OF THE SOUL- BRITISH ISLES Balance Sheat 31 December 2024 2024 Unrestn'¢ted fund 2023 Total funds Notes CURRENT ASSETS Cash at bank 1.136 NET CURRENT ASSErs TOTAL ASSEfs LESS CURRENT UABIUTIES 1.136 NET ASSETS 1.136 FUNDS Unrestrictod lunds 1,136 TOTAL FUNDS 1,136 e fin8na81 ststsments werè approved by ts Bo¥d of Trustees and 8ulh0ri3ed for issue on 4..P6TQ.4J6A.aAA.¥... ar on its behall ty.. Mr Rogef Frerh OBE DL - Tntslee noles 1M part of these financial statements Page 10
SCIENCE OF THE SOUL- BRITISH ISLES Cash Flow Statèm•nt for th• Yèar Ended 31 D•¢embw 2024 2024 2023 Notes Co$h flows from operating activiti•s Cash generated from operations 111.6511 Nel cash prowded byllused in) c¢rth'ng acbmties 111,6511 Cash flows from inv•stlng ocllvlll•s Interest received 1,136 15 Nel cash providèd by investiThJ aclivilies 1.136 15 Change in cash and cash •qUIlents In the r•portlng perlod Cash and ¢•sh oquival•nt at th• b•9lnnlng of rnptytlng p•rlod 1,136 111,6381 Cash and cash equival•nts at th• •nd of the roportlng p•rlod 1.136 The teS fLYm part ofihese finaTrial slatements Page11
SCIENCE OF THE SOUL- BRITISH ISLES Notes to the Cash Flow Statement for th• Y¢ar Ended 310ecefflr 2024 RECONCILIATION OF NET INCOMEIIEXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTMTIES 2024 2023 N•t Incom•l{•xponditurel for the ffeporting porlod las perthe Stat•ment of Financlol A¢tlvttIj Adjustm•nts fof: Interest received Decrease in debtors Decrease in crediloTS 1.136 {19,2491 11.136} {151 10,119 12,5061 N•t cash provldod bylluud In) opr•tk> 111,6511 ANALYSIS OF CHANGES IN NET FUNDS At1.1.24 Cash fl( A131.12.24 N•t cash Cash at bank 1.136 1,136 1.136 1,136 Total 1,136 The rths fomi part of Ihese financial slatements Page 12
SCIENCE OF THE SOUL- BRITISH ISLES Notès to the Financial SLitem8nts for thg Y¢ar Ended 31 DeCemr 2024 ACCOUNTING POUCIES Basis of preparing Ilnanclal statem•nts The finanaal statements of Ihe charity. whith is a public benefit entity undef FRS 102, have been epared in accordanc£ wth Ihe Charities SORP IFRS 1021 Accwnting and RetK>rting by Chanties.. Stslement of Recommended Pra¢b¢e 8pFlicable lo charit preparing their accounts in 8c(xKd8nce with the Financial Reporbng Slandafd applicable in the UK and Republic of Ireland IFRS 7021 leffecknve 1 January 20191.. Financial Rerx)rb'n9 Stsndard 102 The Finanaal Reporting Standard applicable in the UK and Republic ol Ireland. and Chanlies Act 2011. The finanryal statements have prepared urKler Ihe historical cost conven1. Incom• All income 1$ rern9nised in the Stslement of Financial Adiwtses once the charity has enb'llemenl to the fiJnds, it is Probable Ihal Ihe irKome will be receThvJ Ihe amount Can be measured ffjIbfy. Donabons are acc£unled lor in the period of feceipl. No amount is induded in the finanual slalemenls for seNces donated by vc4unteeTS. Dated assels and lac4b.bes are Ijuded al the value to the chanty kne this can quantified. ExndItur• Liabilities are recognised as expenditure as soon as Ihere is a legal or ¢structive obligation committing the charity to Ihal expw)diture, il is p¥ob8bk that a transfer ol eCormi¢ benefits will required in setuement and the amounl of the obligatK)n can be measured reliably. Expenditure is accounted for on an aCcalS basis and hos been cl8w.fied under headir¥Js Ihat aggregale all cost relalod lo the category. Alloc•tlon •nd apportlonm•nt of costs Cost5 associated with charitable acliwbes have been I[rred directy in $upFKsrt ol the objects ol th6 charity. Where cosls canr1 be attributed lo a partj headin9. have been allocated c consistent basis with the use of resole¢S. Taxatlon The charity is exempl frcffi tax on its cknaritable aclivities. Fund accountlNJ Unrestricted funds can be used in accordm wilh fv tharilable obittthves al tha discretw of the truslees. Restricted funds Con onty be used for particalar restri wrposes wthin the obj'ects of the charity. Reslnetions arise when spgofied by the donor or wA)en funds are raised for particular reslricled Further explanation of the natwe arKI pu of each fvnd is irKluded in the Th)les to the fin8wal stalemonls. Investment income arKI goins ore alkxated to the apmxiale frJrKI. Golng Concern At the lime of approwng the finarKial strtnents, Ihe Iruslees have a wsonable expectatron Ihal the Charity has adequate $ICe$ lo conb.nue in operats.onal exIstere for the foreseeable fijture. The validity of this assumption is on the basis that the tru51ees wll monitor risks faced by the Charity ancl ihat they consider that there are rKs malerial uncertainb.es about the Charity's ability to continue as a going concEm. The InJstees expect lo receive L*)nalions in the fortlOrning year that will support the charity's charitable activities. Page 13 continued...
SCIENCE OF THE SOUL - BRITISH ISLES Notes to the Financial Statemerts- continued f¢x the Year End•d 31 t)eumb¢r 2024 DONATIONS AND LEGACIES 2024 2023 Donati$ 550.0 4.594 INVESTMENT INCOME 2024 2023 Deposit acccmjnl interest 1.136 15 CHARITABLE ACTMTIES COSTS Direct Costs Charitsbl8 donats'on$ TRUSTEES. REMUNERATION AND BENEFITS There wore Tr) trustees, remunerakn crf other befits lor ts year ended 31 December 2024 nor for the year ended 31 December 2023. Tru•t••s' •xp•n•8 There re no trustees, expenses paid lor Iho year eNJed 31 Deeemtr 2024 nor for the year ended 31 rnber 2023. COMPARATNES FOR THE STATEPAENT OF FINANCIAL ACTivmES Unreslricled fund INCOME AND ENOOWMENTS FROM Donations and legacies Investment Income 1S Total EXPENDITURE ON Charitabl• actlvhlos Challtable donalws 23.844 14 Totsl 23,858 NET INCOMEJIEXPENDrruRE) {19,2491 RECONCIUATION OF FUNDS Tol81 furvjs brought forward 19.249 Page 14 "nued...
SCIENCE OF THE SOUL- BRITISH ISLES Notes to the Financlal Statements- cont•nu for the Year Endèd 31 D¢cember 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcTIES- contlnued Unrestricted fvnd TOTAL FUNDS CARRIED FORWARO MOVEMENT IN FUNOS movement in funds Al 31.12.24 Al 1.1.24 Unrestrlct•d funds General fund 1.136 1,136 TOTAL FUNDS 1.136 1,136 Net movement in funds. induded in Ihe above are as fdk)ws.' Ino)ming Resources Movement re$Tc expended in funds Unrostrl¢t•d lund• General fund $51.136 I550.0) TOTAL FUNDS 551.136 1.136 Comparallv•8 for mo¥•m•nl In lund Nel movement in lunds Al 31.12.23 Al 1.1.23 Unr•strkt•d furKI• General fund 19.249 (19,2491 TOTAL FUNDS 19.249 119,2491 Comparative net movement in funds, iThd in Ihe atove are as fdlm: IncomiTrJ Resources resources expended Movement in funds Unr•stricted funds General fund 123,8581 {19,2491 TOTAL FUNDS {23,8SYI 119,2491 Page 15 con'nued...
SCIENCE OF THE SOUL- BRITISH ISLES Notes to the Financial Statements - continued for th• Year Ended 31 December 2024 MOVEMENT IN FUNDS- Continu A ffen¢ year 12 months and year 12 Mth$ ts)mts'ned tIOn is as fc4lc¥ws.' Net movement in funds Al 31.12.24 Al 1.1.23 Unr•$trl¢tsd funds General ftjnd 19,249 118.1131 1,136 TOTAL FUNDS 19,249 {18,1131 1.136 A current year 12 months and pri 12 months rt nN)vemenl in fijnds, included in the above are as follo.. rncoming Resources resources expended Movemenl in funds Umtrktsd lund• Gener81 fund $55.745 1573,8581 118.1131 TOTAL FUNDS 555.745 {573,8581 118,1131 RELATED PARry DISCLOSURES The Iruslees noted in Ihe reference and admiThstrab'on secti. M page 4 of these financial statements are considergd to be related parties. The trustees con%der &ience of Ihe Soul ltiSh Isles, the caritable Inc0ed onJanis*'on, to be related party. During the year the Charity ¢knated £50.OCQ lo Ihe (a)8ritable incorporated organisation. Page 16